Financings

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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

Deacon declared personally bankrupt

MERSEYSIDE solicitor David Deacon, a founder of the collapsed Liverpool firm Deacon Goldrein Green (DGG), has been declared personally bankrupt. Petitioning creditors, Chester-based NWS Trust, last week successfully applied for the bankruptcy order at Liverpool County Court. Deacon, who left the 18 office firm two years before it became the biggest ever law firm receivership […]

Corporate

Sita (GB), advised by Taylor Joynson Garrett, has completed a joint venture company with North London Waste Authority, advised by Rowe & Maw, to run the Edmonton incineration plant.

In brief: Lawyers hit the airwaves for Law Week

Preparations for the Law Society’s National Law Week (starting 22 May) are building up, with increasing numbers of local societies adding their names to the list of participants. Events include a stand by Manchester Law Society with a rota of solicitors giving free advice, a special legal advice centre for the Afro-Caribbean community run by […]

Conditional fees set to go ahead despite judge's fears

CONDITIONAL fees look set to be laid before Parliament soon after Easter despite a string of complaints about the draft rules by key advisers to the Lord Chancellor. Lord Mackay is taking another look at his controversial “no win no fee” proposals after the Lord Chancellor’s Advisory Committee on Legal Education and Conduct (Aclec) expressed […]

Lancaster takes over helm at Halliwells

ROGER Lancaster has succeeded Clive Garston as senior partner of Manchester firm Halliwell Landau, one of the leading corporate law practices in the North West. The move follows a 12-year reign with Garston at the helm of the firm during which Halliwell Landau has grown from “a small firm in Manchester to one of the […]

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