European Central Bank issues new capital rules

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Latest Briefings

Consumer loan agreements denominated in Swiss francs

By Mateja Ule In the past years, Slovenian courts have been faced with several actions filed by consumers requesting the court to declare loan agreements denominated in Swiss francs null and void. While the courts of first and second instance seemed to struggle to find a common approach in assessing the validity of Swiss francs loan […]

Are robots writing your will?

By Aidan Grant Law firm VWV conducted a poll which found that the majority of people asked are wary about the use of artificial intelligence in the preparation of wills, with almost a third of respondents saying that they would not want any artificial involvement at all. It must be said that, as with many stories, […]

Adjudication decisions: Avoiding enforcement where the money may disappear

By Michael Bennett The losing party in an adjudication always asks one question – do we really have to pay?  In most cases the answer will be yes, but the list of reasons for saying no just got slightly longer. The recent Court of Appeal case of Gosvenor London Limited v Aygun Aluminium UK Limited [2018] EWCA […]

Data Protection Officer: Bar Association makes announcement on overlapping roles

The General Council of the Portuguese Bar Association («PBA») has finally announced its position on the situation of lawyers who act as Data Protection Officers («DPOs»). This announcement clarifies the PBA’s understanding on holding the position of DPO while practising as a lawyer. The PBA’s position appears in Opinion no. 14/PP/2018-G, published on 28 September […]

Cayman Islands economic substance requirements

By Nick Rogers, David McIntyre From 1 January 2019, new legislation will come into effect in the Cayman Islands, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in Cayman. The International Tax Co-operation (Economic Substance) Law, 2018 was passed on 17 December 2018, after an extensive process of consultation with the EU […]

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Waco looks to Linklaters on £500m private equity deal

LINKLATERS has shored up its leading status in South Africa after advising on the country’s largest private equity deal to date, a £500m sale of industrial services giant Waco. Linklaters corporate partner and South African business group head Charlie Jacobs led the team advising the shareholders of Waco on its sale to private equity investors led by […]

Lovells’ Baird flies off to Allen & Overy

Allen & Overy” />Lovells private equity star Derek Baird (left) has resigned for Allen & Overy, leaving the top 10 City firm with just one private equity partner in London. Baird is the second private equity partner to quit Lovells in recent months. Last autumn it lost German private equity star Oliver Felsenstein and a […]

Expert witnesses report better bonds with firms

Relationships between expert witnesses and instructing solicitors are improving, as the number of experts instructed to appear in court increases. Nearly 90 per cent of expert witnesses said they found solicitors’ instructions at least adequate, and there has been a rise in the number of solicitors paying experts’ fees promptly. Legal training consultancy Bond Solon […]

Firm profile: Backhouse Jones

Directors: James Backhouse, Jonathan Backhouse, Ian Jones and Andrew Woolfall Turnover: £1.8m Total number of fee-earners: 15 Main practice areas: Road transport, defendant personal injury, regulatory compliance, commercial litigation and employment Key clients: Stagecoach, Firstgroup, Arriva and Shearings Coaches Number of offices: One Location: Clitheroe,East Lancashire Clitheroe-based Backhouse Jones offers a niche service advising clients […]

Tesco sues Lovells over Czech property deal

Lovells is facing a massive negligence claim from supermarket giant Tesco over work carried out in the Czech Republic. Tesco launched its multi-millon pound claim in March 2005, and the case is set down for trial in the High Court early next year. The supermarket claims that in 1997 Lovells negligently drafted contracts relating to […]

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