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Latest Briefings

Amendments to the Hungarian Data Protection Act

By Dorottya Gindl The Hungarian Parliament has recently adopted legislation with the aim of harmonising the national data protection rules with the rules of the GDPR, and supplementing the national rules in areas not regulated by the GDPR. The Parliament adopted Act XXXVIII of 2018 (“Amendment“) in an extraordinary session and the new regulations entered […]

Changes to Entrepreneurs’ Relief: What do you need to know?

By Mark Braude A significant and welcome change to the Entrepreneurs’ Relief (ER) rules was announced in the Finance Bill 2019 last month. It is aimed at shareholders who would otherwise lose their entitlement to ER as a result of being diluted below the 5% required shareholding…

FCA publishes evaluation of Guaranteed Asset Protection intervention

By Alanna Tregear The Financial Conduct Authority (the FCA) said, as part of its 2018/2019 Business Plan, it wished to investigate the effectiveness and impact of its interventions into certain markets and industries. The FCA intends to conduct three pilot evaluations, the first being an evaluation of the FCA’s September 2015 intervention into GAP insurance. […]

Asset management and investment funds update

On 30 July 2018, ESMA published its final report following its peer review of the compliance and supervisory framework of six national competent authorities (NCAs) with aspects of the UCITS framework for Efficient Portfolio Management (EPM). The review covered the NCAs for Ireland, the UK, Luxembourg, Germany, France and Estonia and was limited to assessment […]

Employers: Capability procedures explained

By Michael Briggs This month, in our Breaking Down the Handbook series, we look at capability policies and why they are a useful tool for employers to have when it comes to dealing with poor performance…

Recommended

Boyds appoints managing director

Boyds has become the first Scottish firm to appoint a managing director. Martin Street (right), who has taken up the post, will be responsible for the business strategy of the firm. Street is a non-lawyer with a background in marketing. He will have a decision-making role above that of the partnership, unlike most chief executive […]

Insurance

Lloyd’s of London Names are a dying breed at the oldest insurance market in the world. Down from 35,000 to just 2,490 unlimited liability Names today, individual investors are regarded as an anachronistic throwback needing to be helped into extinction by reform-hungry corporate investors.Sax Riley, the chairman of Lloyd’s, has called for members to vote […]

Legal Widow

All those cute little start-up ideas – ‘Specialist practice in natty two-room office with espresso machine’; ‘lone wolf consultancy run from the back of a laptop’ – are falling to the ground like leaves in autumn The hatches are being battened down all over the profession. All those cute little start-up ideas – ‘Specialist practice […]

Independence daze

As the UK prepares to remove Government ministers from competition decisions, Jeremy Robinson and Carol Swaffer ask: how independent is an independent regulator? Followers of UK competition law will by now be familiar with the heralded withdrawal of UK Government ministers from active involvement in the merger control process. The Secretary of State does not […]

CC brings NY firm to book over debt

Clifford Chance is making an aggressive attempt to recover £41,000 in unpaid fees by suing a New York boutique that liaised with the magic circle firm on behalf of a client that subsequently went bankrupt

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