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Latest Briefings

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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Clifford Chance scores £10bn for oil company

Clifford Chance has successfully steered its client towards a $14.75bn (£10bn) United Nations Compensation Commission (UNCC) award, the largest ever payment of its kind. The firm is acting for the Kuwait Petroleum Corporation (KPC), which was awarded the money for the loss of just over two years worth of oil production due to the 1990 […]

Competition lawyers slam EC over BA-KLM merger failure

The European Commission (EC) is under attack from lawyers over its handling of the proposed merger between British Airways (BA) and KLM. The now defunct talks between the carriers, which would have resulted in a £5bn merger, fell through on 21 September following two and a half months of negotiations, after both sides failed to […]

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Bench pressing

Next month Lawrence Collins QC will, in the words of the Lord Chancellor, make “a little bit of history”. The solicitor, a partner at Herbert Smith, will be the first to be appointed directly from private practice to the High Court Bench. “The appointment marks another step in the diversification of the judiciary without any […]

Case study two

Richard Hastings, group legal counsel at Interoute Telecommunications (UK) Richard Hastings left Hammond Suddards, where he was an IT/IP assistant, to take up his role as group legal counsel at European telecommunications company Interoute. Hastings made the move because he sought a more commercial role within his area of expertise. He says: “I love my […]

Making the in-house move

More than ever before, private practice lawyers are being actively recruited to move in-house. Despite the potential salary cut, many are tempted by the promise of shorter working hours, a relaxing environment, no time sheets or billings, greater job security and the opportunity to become more commercially involved in the running of the business. But […]

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