Richard Gerstein

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Latest Briefings

Bulgaria introduces more detailed rules for provision of remote and online payment services

By Svilen Issaev, Denitsa Kuzeva The Bulgarian National Bank (the “BNB”) has recently adopted amendments to its Ordinance No 3 on the Terms for the Opening of Payment Accounts, Execution of Payment Transactions and Use of Payment Instruments (the “Ordinance”). The new amendments bring the Ordinance in line with the provisions of Commission Delegated Regulation (EU) 2018/389[1] (the […]

Bermuda Public Companies Update – July 2019

In the latest edition of our Bermuda Public Companies Update we recap significant transactions involving Bermuda public companies over the period H1 2019. Global market update The first half of 2019 saw a notable slow-down in global market activity from the same period last year. Capital raised in the global IPO market fell by 37%, with volume down 34% on […]

Reflecting on Reflective Loss

By Nigel K. Meeson Primeo Fund (In Official Liquidation) and Bank of Bermuda (Cayman) Limited, HSBC Securities Services (Luxembourg) SA (Cayman Islands Court of Appeal 13 June 2019) The common law principle of reflective loss has been judicially described as a “perplexing and developing area”. The most recent decision of the Court of Appeal in […]

Emerging Legal Issues in an AI-Driven World

Introduction Artificial Intelligence (“AI”) is the new marketplace reality. The increase in computing power, improved algorithms and the availability of massive amounts of data are transforming society. According to the International Data Corporation (“IDC”), the AI market is expected to hit $35.8 billion this year, which represents an increase of 44% since 2018.1 IDC has also projected global spending […]

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Pinsents wins place on Sema legal panel

Pinsent Curtis has secured a place on the panel of IT giant Sema as sole adviser on global trademark issues. The FTSE-100 company has spent the past six months overhauling its legal provision. The process saw its panel slashed from 15 firms to one main adviser (The Lawyer, 31 January). The national practice was one […]

News in Brief

Weil Gotshal & Manges‘ London office has recruited a senior assistant from Clifford Chance to set up its European consumer finance practice. Andrew McLean, who will become a partner specialising in corporate, commercial and consumer finance trans-actions, has been at Clifford Chance for 12 years, working in both its London and Tokyo offices. Eversheds is […]

Property

CMS Cameron McKenna represented Sainsbury’s Supermarkets on its £6.7m purchase of the Bretton Centre from Peterborough City Council. Property partner Mark Heighton was assisted by property solicitor Sally Purtell on the deal. Wragge & Co advised Peterborough City Council.

…as Holt breaks ranks and takes KLegal post

The former managing partner of Weil Gotshal & Manges‘ London office has broken ranks with former colleagues to join KLegal. Nick Holt left the US firm with three other partners at the end of January but has split with the rest of the team and is joining the KPMG associated law firm as managing partner. […]

Welcome to the two-stop shop

There are now more than one million lawyers in the US, a ratio of one lawyer to every 260 people, according to Ramon Mullerat, senior partner at leading Spanish practice Bufete Mullerat. And, he adds, if the rate of growth continues, by 2020 there will be no one left in the US but lawyers. Alongside […]

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