Finance deals round-up

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Do payment processors wield too much power?

By Simon de Broise  Payment processors, as the name suggests, facilitate payments by credit and debit cards for both online and point of sale transactions. The payment processor acts as an intermediary between the merchant (e.g. a retailer or airline) and the customer’s bank, facilitating the rapid authorisation (or otherwise) of the payment and initiating (and […]

Making alterations to rented business premises in Guernsey

By Piers Dereham I want to carry out fitting-out works to my business premises but my landlords say I will have to remove them when my lease expires. They are also saying that they need to check my plans before they agree to anything. Is this correct? Yes. Most commercial leases contain clauses requiring you to […]

Ignoring Turkish law on data breaches could put you in prison

Data processors resident outside Turkey whose activities affect Turkey may also need to register by 30 September 2019. Even failing to delete expired data can be punished by one to two years’ imprisonment. As a candidate state for EU membership, Turkey aligns much of its legal system with EU law, hence its 2016 Law on the […]

Amendments to the legislation of Kazakhstan on corporate matters

By Bolat Miyatov  On 2 July 2018, the Law of the Republic of Kazakhstan No. 166-VI “On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Insurance and Insurance Activities, Securities Market” was adopted. Among other things, this legislative act has amended the Law of the Republic of Kazakhstan dated 13 May 2003 No. […]

Six weeks to go until Brexit: What’s going to happen to environmental law?

By Ben Stansfield, Lee P McBride, Andrew Litchfield One of the great beneficiaries of the European Union has been the environment. Since the very beginnings of the EU, Member States have come together and enacted a great variety of environmental laws, leading to cleaner seas, flourishing habitats and healthier citizens. With Brexit only a few weeks away, this […]

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Grapevine

Firms’ friendship Linklaters’ leveraged buyout team has done remarkably well to become many senior lenders’ third choice after Allen & Overy (A&O) and Clifford Chance. But it’s not all about getting in with the banks. Cannily enough, the young leveraged finance team seems to have realised that referrals from other firms are just as important. […]

US firms race for top City spots in image overhaul.

Several US law firms have instructed London letting agents to find them new premises in prime areas of the City, in a bid to upgrade their images and bolster recruitment capabilities. Hunton & Williams is understood to be searching for between 20,000 and 25,000sq ft of office space in a prime location within the City […]

Linklaters adds to spurt of laterals with Lovells leveraged finance specialist

Freeman for its leveraged finance team. The magic circle firm has been on a leveraged buyout (LBO) roll of late, all thanks to its merry band of laterals: Nick Syson from Wilde Sapte, Gideon Moore from DLA, Stephen Lucas from Clifford Chance and now Freeman from Lovells. Linklaters adds to spurt of laterals with Lovells […]

Penningtons hires new immigration head

Penningtons has bolstered its immigration and property practices with the appointment of two new partners. Philip Barth, a specialist in immigration and nationality law, joins from Mishcon de Reya. He has been appointed as the new head of Penningtons’ immigration team. Commercial property specialist Jeremy Fieldhouse joins the property team from the London office of […]

Law Society complaints handling ‘inadequate’ once again

The Law Society is facing the threat of a £1m fine after the Legal Services Complaints Commissioner (LSCC), Zahida Manzoor, called its plan for improving complaints handling inadequate. Manzoor asked the society to submit a plan to her outlining the way it intends to meet performance targets for the next financial year, commencing in April. […]

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