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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 […]

Recommended

BOOK REVIEW

Living Culture: A Values-Driven Approach to Revitalising Your Company Culture by Jan Thornbury, published by Random House (ISBN 0-7126-6959-0) A self-help guide for corporations, this book advises how to identify your firm’s culture and “revitalise it” to maximise success. Jan Thornbury is a business consultant who assisted KPMG in their “culture change” process. Stephen Butler, […]

Deans Court clerk moves to Leeds set

A senior clerk at Deans Court in Manchester has left her post after 13 years to join Park Court Chambers in Leeds. Terry Creathorn is moving from the Manchester mixed civil, criminal and family set to replace the senior clerk at Park Court Chambers in Leeds, where Roy Kemp has announced that he is retiring […]

Two to watch

With 38 cinemas throughout the UK, United Cinemas International (UCI) is a dream property client, and DLA is the main firm that has benefited from the company’s expansionist strategy. UCI, a joint venture between Paramount and Universal, took space in Manchester’s recently redeveloped Printworks building, the former Daily Mirror site, on which DLA, led by […]

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The cheeky little devils

Isn’t it charming how certain firms have such a collegiate atmosphere that they cannot bear to be apart from each other for even one weekend? Take Norton Rose. Two partners were invited to The Lawyer Monte Carlo as speakers. But as Norton Rose were not sending any delegates to the networking event of the year, […]

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