Debunking the myth of the law firm verein

Recently Joe Andrew, the chair of the Dentons’ verein, wrote an opinion piece entitled ‘Debunking the myth of the pay-to-play network’. Unfortunately, he overlooked one fact. He did not mention that Dentons’ verein structure, in almost all respects, could be characterised as a territorially exclusive pay-to-play network but with much higher fees. Dentons has adopted essentially the same structure of the traditional networks Andrew is critiquing.

Latest Briefings

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Virtual Asset Service Providers become subject to registration requirements and AML/CTF obligations

On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish Law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (CJA 2021), which amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010). Please see our recent briefing for analysis of changes introduced by 5AMLD: New Irish Anti-Money Laundering Rules.

Child maintenance: traps for the unwary

For parents, the child maintenance system can seem a vast and complicated system of ropes and pulleys for something they expect should be straightforward.

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Four new tenants at One Essex Court

One Essex Court’s pupils will join Chambers as tenants on 1st October 2016. Niranjan Venkatesan, James Ruddell, James Fox and Timothy Goldfarb all exceeded the standard demanded of pupils at One Essex Court.  Their success follows a rigorous period of training and evaluation.

Schoenherr advises Mondi on acquisition of Turkish Kalenobel

Schoenherr has advised Mondi Group on the acquisition of 90 % of the outstanding share capital in Turkish Kalenobel for a consideration of around €90m on a debt-and-cash-free basis. The sellers were ARGUS Capital, a CEE focused private equity group, and M. Olcay Hephiz, one of the company’s founders. Mondi is an international packaging and […]

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