Grapevine

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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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Shrinking tulips

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Holman settles Exxon appeal for Brandywine

The 15-year saga of litigation ensuing from the Exxon Valdez oil spill has finally come to an end. A Holman Fenwick & Willan team, with counsel Christopher Butcher QC of 7 King’s Bench Walk, has successfully rebutted an appeal against its client, reinsurer Brandywine Re, by Equitas, exonerating it from liability for certain clean-up costs. […]

Willkie team feels blow of Heymann departure

Willkie Farr & Gallagher is reeling after the loss of its Frankfurt managing partner, who has quit the US firm to launch his own practice. As first reported on www.thelawyer.com (17 March), outsourcing and private equity star Thomas Heymann is taking European counsel Jens Ekkenga and Lars Lendorf, and a number of associates. There is […]

FTSE 100 in-housers band together to launch GC 100

As risk and corporate governance continue to hold the attention of the legal and financial communities general counsel are moving away from their traditional role of adviser to one of risk manager. General counsel at FTSE 100 companies have responded to the mounting legal regulatory risks to their businesses by forming a new group to […]

Cadwalader raids Norton Rose for London finance push

Cadwalader Wickersham & Taft is continuing its push into the London finance market with the hire of Norton Rose partner Christian Parker. It is the second major hire for Cadwalader in the space of a week, following the recruitment of Allen & Overy collateralised debt obligation (CDO) specialist Angus Duncan. Earlier this month, the firm […]

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