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Latest Briefings

Investment management, succession planning, philanthropy: the diverse functions of the family office

Wealth is increasing exponentially among some of the world’s richest families, to the extent that, for many of these families, it makes commercial sense to have their own bespoke family office which looks after key operations and functions of the family. These services might include investment management, property management, day to day accounting and payroll […]

The limits of audit: public perceptions and legal realities

By Oliver Passmore, Alex Horsbrugh-Porter Patisserie Valerie Patisserie Valerie entered into administration at the start of this year following the discovery of fraud within the company. It is thought that inflated profit margins and sale figures and thousands of false entries in the company’s ledgers caused the company’s accounts to be overstated by approximately £94m. […]

Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market

By Joel Benjamin, Muborak Kambarova New Law on Tourism On 18 July 2019, the President of Uzbekistan signed a new Law on Tourism. The previous law dates from 1999 and has 22 articles. The new Law contains 45 articles. According to the Law, the State Committee for Tourism Development is an authorized state body in […]

Serbian Banks Embracing Digital Technologies

By Katarina Guduric, Kristina Pavlovic The rapid development of digital technology has brought FinTech to Serbia, and what is certain from the beginning is that it will substantially reshape the interaction between service providers and users. Customer demands for efficiency are about to bring various technological innovations into the industry, which will create new opportunities and accelerate further […]

The new Law on Personal Data Protection – Key Innovations and What you Need to Know

By Milica Filipovic, Sanja Spasenovic Karanović & Partners held a presentation about the new Law on Personal Data Protection on September 18 at our office premises. Senior Associates* Sanja Spasenović and Milica Filipović, lawyers with vast knowledge and experience in data protection matters in Serbia, talked about the key innovations the Law brings. This new piece of legislation stepped into force on 21 […]

Recommended

Offshore

The expansion campaigns that have typified offshore law firms of late are showing no signs of abating. Earlier this month Appleby Spurling Hunter and Bailhache Labesse announced their merger, while WSmiths launched in Uruguay and Conyers Dill & Pearman revealed plans for a presence in Dubai. Guernsey outfit Ozannes is also on the brink of […]

Freshfields, Camerons win Austrian Bank job

Freshfields Bruckhaus Deringer and CMS Cameron McKenna advised on the E650m (£443.3m) sale of all of Austrian bank Raiffeisen International’s shares in JSC Raiffeisenbank Ukraine to Hungarian bank OTP. JSC Raiffeisenbank has a balance sheet total of more than E1.2bn (£820m), and 39 branches. Freshfields Vienna partner Maria Pflügl advised Raiffeisen on both deals. Kiev-based […]

Topical islands

The Cayman Islands is already the favoured location for the offshore hedge fund industry and this popularity shows no signs of waning, says Neal Lomax The hedge fund industry continues to experience remarkable growth in assets under management and in the number and type of institutions that are investing in hedge funds. It has been […]

A Semple mistake

It was patronising smiles all round and the sound of collective head-patting when Scottish minnow Semple Fraser released its year-end results. Either the firm had had a really, really bad year, or its PR had left off a fairly important letter from the email header: “Semple Fraser announces £13 fee income”. Altogether now… “bless”.

Herbert Smith lands Ofcom advisory role

Herbert Smith has won the role as sole legal adviser to a new Ofcom-led industry body, an appointment that will give it direct access to eight of the UK’s leading telecoms companies. Called NGNuk, the group was launched by Ofcom in March this year. It is an industry forum aimed at encouraging the use of digital technology, or next-generation […]

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