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Latest Briefings

Non-habitual tax residents – Portugal

Once the Portuguese tax authorities recognise the status of non-habitual tax resident, taxpayers in these circumstances acquire the right to be taxed as non-habitual residents for a period of 10 consecutive years. REQUIREMENTS FOR NON-HABITUAL TAX RESIDENT STATUS For the Portuguese tax authorities to grant non-habitual tax resident (NHR) status, it is necessary to meet […]

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 […]

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Reynolds Porter alters lockstep pay system

Reynolds Porter Chamberlain is changing its lockstep to include a modified system for the first time. The 50-partner insurance specialist previously had a 2:1 spread that saw partners gradually move up to plateau level after 14 years. Reynolds Porter has now introduced levels within the spread where the performance of the partners must be assessed. […]

Davis Polk man quits for Morgan Stanley

Davis Polk & Wardwell is losing one of its London partners to investment banking client Morgan Stanley Dean Witter. Thomas Reid is to become managing director in the corporate finance services department of Davis Polk’s investment banking division in Europe, focusing on IPOs and other capital markets products. While at Davis Polk in London Reid […]

Wrigleys merges with Malcolm Lynch

Leading private client firm Wrigleys has propelled itself up the league tables by merging with niche charity specialist Malcolm Lynch. The newly created practice now planning to compete with major London charity firms such as Bates Wells & Braithwaite, Farrer & Co and Paisner & Co. Leeds-based Wrigleys was created in 1996 when Dibb Lupton […]

First-name terms give partners better returns

Every law firm is in the “people business” and those who fail to identify that are holding themselves back for the future. Interpersonal relat-ionships are absolutely fundamental. This means that partners and those in authority need to be approach- able and positive, and display the best of human characteristics. This may mean breaking down some […]

Simpson Thacher hires two partners from Shearmans

Shearman & Sterling‘s Silicon Valley expansion plans have suffered a setback with two of the firm’s top partners leaving for Simpson Thacher & Bartlett. William Hinman, who was Shearmans’ managing partner in San Francisco and Menlo Park, and business finance partner Kevin Kennedy are leaving for the rival New York firm. Shearmans has significantly increased […]

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