Equitable settles; A&O, Simmons get costs

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Latest Briefings

Hungary remains strict on factoring

By Gergely Szalóki Factoring is an increasingly popular product of banks that appeals to corporate clients of whatever size as it provides liquidity to the clients and stable cash flow.  The factoring is usually structured in a way that the vendors of the client do not receive information on the factoring, the bank stays in the background; […]

The implementing Act PSD II adopted by the Dutch Senate

On 4 December 2018, the implementing Act PSD II (Implementatiewet herziene richtlijn betaaldiensten) was adopted by the Dutch Senate (Eerste Kamer) without further debate. The date of entry into force is not yet available. A Decree to further implement PSD  II (Implementatiebesluit herziene richtlijn betaaldiensten) shall also follow.

Bermuda allows cannabis investment funds

By Elizabeth Denman Bermuda’s authorities have given the go-ahead for investment vehicles interested in taking advantage of the legal cannabis sector. Elizabeth Denman of Conyers Dill & Pearman explains why this offshore jurisdiction is the clear choice for setting up ventures investing in cannabis-related enterprises. Investment in cannabis businesses, either directly or through an investment fund, […]

New strategy for providing free access to government data

By Jürg Schneider, Christophe Gösken On 30 November 2018 the Federal Council adopted a new open government data strategy for providing the public with free access to government data. From 2020 onwards, all government data will gradually be made available for free and in a computer-friendly format. Replacing a previous version, the new strategy is mandatory for the […]

TMT Annual Report: Evolutionary Tale

Fernando Resina da Silva and Magda Cocco, VdA partners, contributed for the TMT Annual Report for the article “Evolutionary tale” about digital challenges. Regardless of the industry sector companies operate in, new business models will be needed to be developed. This may be a great opportunity for lawyers. Technology is revolutionising the economy and it […]

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Careers: In brief

Dr Robert Briner, the outgoing chairman of the International Chamber of Commerce (ICC) International Court of Arbitration, has been honoured with a ‘Liber Amicorum’ (Book of Friends). Briner was presented with the book, which includes 65 articles written by members of the ICC Court, its Secretariat and others who have known Briner during his career, […]

Confusion continues as FRS5 tax burden is spread

Many law firms were celebrating this morning after the chancellor, Gordon Brown, relaxed the rules relating to a major tax uplift in his pre-Budget statement. However, the position of larger or more profitable firms was still unclear. The additional tax liability had been created by changes to the way professional partnerships account for revenue and […]

Tax is the way to relax

Overheard, one not-at-all jealous partner talking about his tax counterparts: “And they all retire at 43 because they know how to put their money to use.”

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