Related briefings

Privacy Shield open for self-certification on Aug 1

On August 1 US organisations can finally begin to submit self-certification requests to the Department of Commerce under the new EU-US “Privacy Shield.” This opens a new era for the lawful transfer of personal data from the European Union westward across the Atlantic. The Commerce Department has published a practical guide, “How to Join Privacy Shield: Guide to Self-Certification,” […]

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Tax Issues around Brexit

Our European tax team recentlydelivered a breakfast seminar exploring the tax issues and challenges posed by the result of the EU Referendum. The team covered a range of issues, including: the European framework, including overview of the EU, EEA, Eurozone and other European groupings; the process of the UK’s withdrawal from the EU; and the […]

India shuts down Mauritius route

Time to rethink investment structures On May 10 the Indian government issued a press release announcing the signing of a protocol to amend the India-Mauritius tax treaty.1 As a result of these amendments, Mauritius tax residents will no longer be exempt from Indian capital gains tax on sales of shares of Indian resident companies that […]

Insurance: new assessment method for GSIIs

The International Association of Insurance Supervisors (“IAIS”) has published its updated assessment methodology for designating global systemically important insurers (“G-SIIs”) (the “Revised Methodology”). As part of the review cycle of the IAIS and following consultations in 2015 the Revised Methodology now comprises five phases and adopts absolute reference values for certain indicators. Additionally, the Revised Methodology incorporates a […]

Outlook in enforcement actions against foreign banks at the new NYDFS

By Matthew L. Biben, Courtney M. Dankworth, Eric R. Dinallo, Mary Beth Hogan, Gregory J. Lyons, David Sarratt, David G. Sewell, Harriet M. Antczak On June 15 Maria Vullo was confirmed as the new Superintendent of the New York State Department of Financial Services (“NYDFS”), solidifying the first permanent change in leadership at the agency. Since the departure last summer of […]

Latest Briefings

Focus on COP26: The future of affordable living

The hosting of COP26 in Glasgow this year shines a spotlight on the UK in relation to sustainability performance, applying more pressure on organisations to demonstrate their green credentials and to encourage the development and usage of sustainable technologies in the race to net zero.

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Clarke Willmott hits £50m turnover for the first time since 2008

Clarke Willmott has posted revenue of £51.7m for the 2019/20 financial year. The figure is an increase of £2.3m, or 4.6 per cent, on 2018/19. Profit stood at £11m, down from £11.4 million and average profit per equity partner was £201,000, down from £234,000. The firm’s CEO, Stephen Rosser, said: “I am pleased with our […]

DLA to resume distributions with late summer round

DLA Piper is to resume partner profits distributions in August following a three-month delay, The Lawyer understands. The firm is expected to hold an over-distribution round at the end of the summer that includes profits from the last financial year. This comes as the firm deferred its regular May distribution, with the expected August round […]

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Judge criticises Clifford Chance’s “heavy-handed” Deripaska application

The long-running saga between Vladimir Chernukhin and Oleg Deripaska saw the High Court strike out a “heavy-handed” contempt application on Friday. Represented by Clifford Chance, Chernukhin failed to convince the court that Deripaska was in breach of a 2018 agreement between the two parties. This is the latest development in the ongoing battle between the […]

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