Debevoise replaces Reed Smith in Supreme Court bout

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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

All aboard the bond wagon: SEBI board meeting decisions

The Securities and Exchange Board of India (SEBI) in its meeting held on 18 August 2018, besides reviewing the total expense ratio of the mutual fund schemes and agreeing to introduce united payment interface with ASBA facility for public issues, has also paved the way for further stimulating the bond market by removing the requirement […]

Brexit: What happens next?

By Trudy Feaster-Gee, Sue Harris Now that the House of Commons has overwhelmingly rejected the government’s Brexit deal, we take a look at what happens next and what it means for businesses. On Tuesday 15 January 2019, the House of Commons voted overwhelmingly to reject the Brexit deal negotiated between the government and the European Union. A […]

Implying ‘Braganza’ duties into mortgage contracts

By Christina Gill A recent High Court case has shed some light on the extent to which the courts may imply additional duties into mortgage agreements requiring lenders to make decisions by way of processes that would be “lawful and rational in the public law sense”. Banking Litigation specialist Christina Gill explains UBS AG v Rose Capital […]

The International Comparative Legal Guide to: Private Client 2019

By Philippe Pulfer, Olivier Sigg Welcome to the 2019 edition of The International Comparative Legal Guide to Private Client which I am delighted to introduce this year. The Guide covers a comprehensive and diverse range of articles that would pique the interest of any domestic or international practice client adviser. The publication is designed to provide readers […]

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Insolvencies ruled the roost at the turn of the year, but now deals work is emerging from casualties. March saw the sale of Malmaison and Hotel du Vin, Dreams and Blockbuster’s UK stores. A number of high-profile cases involving corporate casualties came closer to being resolved in March. Hotel brands Malmaison and Hotel du Vin […]

Expansionist Olswang re-elects CEO Stewart for second term

Olswang chief executive officer David Stewart has been re-elected for a second three-year term, effective from 1 May. Stewart said that while his current three-year period as CEO had been characterised by accelerated growth at Olswang, the next three years would provide the media, telecoms and technology-focused firm with more opportunities to grow. “Through continued […]

Thomas Eggar ramps up with £42m Pritchard Englefield deal

Thomas Eggar is set to merge with 40-lawyer London firm Pritchard Englefield, boosting the former’s revenue by 17 per cent to roughly £42m and more than doubling the size of its City base. The deal is a major move by the South East outfit to bulk up its offering in the capital, which it has […]

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MetLife hires Asia legal head from UBS

Insurer MetLife has appointed former UBS Asia-Pacific general counsel Kevin Wilkey as its new head of legal in Asia. Wilkey succeeds Peter Cashin, who left his in-house role to join insurance firm Kennedys as a partner in Hong Kong (28 November 2012). Prior to joining MetLife, Wilkey spent a two-year stint at UBS as the […]

Nowcomm to manage network integration of latest law firm merger

Nowcomm, the network skills, managed services and support company specialising in unified communications, has been awarded the contract to help national law firm DWF complete the integration process following its recent merger with Fishburns LLP and the recent acquisition of Cobbetts LLP.   With the urgency of delivering all employees and clients a harmonised IT […]

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