Equality is better business

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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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SPG vice-chair gives franchising his vote

SOLE practitioners are better placed to win franchises than the larger law firms, a leading figure in the Sole Practitioners Group has claimed. A distinctly pro-franchising stance has been adopted by John Lymbury, vice-chair of the SPG, whose Nottingham firm is in the process of applying for a franchise. Lymbury, who also supports the Law […]

National versus regional in the American fees battle

If cost-cutting is the order of the day in the legal world, many US general counsel have not heard it. Instead they say they are consolidating business to fewer law firms, requiring firms to budget on projects, focusing on stronger relationships with those firms and spending their legal dollars more wisely than in past years. […]

Wrong answer, wrong question

‘Mears takes up Rights of Audience Gauntlet’ (The Lawyer 6 February) is the latest round in the seemingly endless Bar Wars between solicitors and barristers. City firms are still complaining that the rules for solicitors to qualify as advocates are too restrictive and Mr Mears wants a “level playing field” with the Bar. These attempts […]

Financings

Ashurst Morris Crisp is acting for NationsBank Corporation in connection with the waiver of its option rights and rights of pre-emption in relation to the recommended cash offer to be made by National Westminster Bank for the entire issued share capital of Gartmore, valuing Gartmore at £472 million. NatWest was represented by Linklaters & Paines, […]

In brief: Law firm management conference

Delegates at a conference on law firm management will look at the workings of the new Price Waterhouse legal practice. Among other speakers at ‘Radically Reshaping Management’, being held in London in May, will be Chris Arnheim, a former partner at Hammond Suddards and founding partner of Arnheim & Co, the UK member of a […]

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