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

Pubs, bars and restaurants using apps – managing Covid-19 restrictions

Covid-19 restrictions on the leisure, food & drink sector were relaxed in England on the 4 July, with other nations in the UK on differing timetables, and businesses are turning to app-based solutions to aida transition back to some form of normality. This briefing covers considerations for procuring and deploying mobile apps to manage Covid-19 restrictions.

Government announces £80m investment to cut emissions from homes and industry

As part of its decarbonisation agenda the Government has announced that it will invest nearly £80 million towards reducing carbon emissions across homes and energy intensive businesses. The announcement forms part of wider efforts to ensure the UK meets its legally binding target to reach net zero emissions by 2050.

Angola: Mergers & Acquisitions 2020

Susana Almeida Brandão (Managing Associate) and Vanusa Gomes (Managing Associate of ASP Advogados – VdA Legal Partners member in Angola) write a chapter for ICLG Mergers & Acquisitons 2020, an international guide that compares legislation from around the world. The lawyers write the Angola chapter where they explain and develop the country’s mergers and acquisitions […]

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A&O loses capital markets partner to HSF

Herbert Smith Freehills has recruited an equity capital markets partner from Allen & Overy, two months after losing its ECM head. ECM partner Michael Jacobs joins HSF in London from A&O’s Hong Kong office, where he has spent the last three years. Jacobs was at A&O for thirteen years, having joined as an associate in […]

hsbc

Norton Rose client HSBC to face £1.3bn class action brought by Edwin Coe

Edwin Coe is set to take on Norton Rose Fulbright in a High Court scrap involving hundreds of aggrieved investors and HSBC, amounting to a significant group action claim worth £1.3bn. With the backing of litigation funder Therium, Edwin Coe is pursuing a fraud claim on behalf of 371 investors, alleging they have suffered losses […]

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