Imagination run riot

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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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A bunch of knotters

Wragge & Co is widely regarded as one of the main drivers behind the emergence of Birmingham’s legal community as a force to be reckoned with. Or so Quentin tells Tulkinghorn on a regular basis. But Tulkinghorn is disappointed to discover that Wragges lawyers are just like those everywhere – prone to embarrass themselves at […]

Corporate

Spring Group disposes of Spring Education and Spring Skills to Protocol Associates, backed by Bridgepoint Capital, for a cash consideration of £71.9m. Spring Group represented by Gouldens (Hilary Winter). Protocol advised by Linklaters & Alliance and Fenners.

Freshfields boosts Amsterdam finance practice

Jeroen Thijssen, one of Holland’s most senior finance lawyers, has been a partner at Nauta Dutilh since 1985. He joins Freshfields Amsterdam office as a partner. His arrival boosts the operation, which opened in May 1999, to 14 partners and 40 associates. Thijssen’s departure from Nauta Dutilh comes only months after the resignations of chairman […]

Eversheds culls equity partners to hike profits

Eversheds is slicing an estimated 10 per cent of equity partners in an attempt to boost profitability. The figure represents 20 partners, of whom 10 will be taken out of equity and will drop down to fixed-share status, whereby a partner is effectively still self-employed but receives a fixed salary. The remainder will be asked […]

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