Addleshaws study discovers employment issues are rife

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Guernsey’s Handbook on Countering Financial Crime and Terrorist Financing revised

On 12 March 2019, the Guernsey Financial Services Commission (GFSC) published the final version of the revised Handbook on Countering Financial Crime and Terrorist Financing(the Handbook). The revisions to the rules and guidance in the Handbook, together with the revised legislation (the new Schedule 3 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, […]

Activities requiring data protection impact assessment under Luxembourg law

By Anne-Gaëlle Delabye, Bertrand Géradin, Tara Kapur The Luxembourg National Data Protection Commission (Commission nationale pour la protection des données, CNPD) has published a list of processing operations which require a mandatory data protection impact assessment in accordance with article 35 of the General Data Protection Regulation (GDPR). What is a data protection impact assessment […]

New property transfer tax law

By Branimir Rajšić As of 1 January 2019, a new Property Transfer Tax Law is applicable for the transfer of property in the capital of Bosnia and Herzegovina, Sarajevo, and the entire Sarajevo Canton (published in the Official Gazette of the Sarajevo Canton no. 28/18). The new law regulates tax issues on real estate transfers, as well […]

Contribution regulation for company managers

By Branimir Rajšić Under the new Contributions Act, mandatory insurance now covers management board members, executive directors and liquidators in companies, unless they have mandatory insurance on another basis. When appointed to those functions (even when not employed), they are obliged to pay contributions on a monthly basis. This obligation includes contributions for pension insurance […]

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Pay racket

City organisations need to watch out. As the Equal Pay Act builds up steam high-earners may start looking at what their peers are taking home, with a tribunal hearing the likely outcome. By John Cavanagh QC In recent years there has been a number of sex discrimination and race discrimination cases involving well-paid City workers. […]

WFW breaks the £50m revenues barrier

Revenues at Watson Farley & Williams have broken through £50m mark for the first time. Revenues at Watson Farley & Williams have broken through the £50m mark for the first time. Gross fees for the 2005-06 financial year reached £53.5m, a rise of 9.5 per cent. Average profit per equity partner at the shipping, energy […]

Cobbetts predicts static PEP

Cobbetts is predicting no change in profitability due to a slower than anticipated consolidation of its recent growth spurt. Cobbetts managing partner Michael Shaw said average profit per equity partner (PEP) is likely to remain static at around £190,000, despite a 7 per cent turnover rise to £53.7m. Cobbetts carried out a series of mergers […]

The lockstep quickstep

The phrase ‘lockstep review’ appears to have become synonymous with Lovells. Not content with the changes introduced at the start of 2006, the City firm has embarked on yet another review. The Lovells lockstep currently runs from 24-60 points, with an increase of three points every year for 12 years. As first reported by The […]

The three degrees

All readers will be more than familiar with law firm hierarchies, but even Tulkinghorn was not aware that at some firms it even extends to party invites. This Wednesday (31 May) will see Denton Wilde Sapte host its annual press party. Tulkinghorn was of course delighted to be invited, and was even more delighted to […]

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