Mishcons to introduce ‘cradle-to-grave’ bonus

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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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BLP goes all Play School

Tulkinghorn admits that the relationship between lawyer and client can be a complex one. The law firm is often at pains to spell everything out clearly, but in such a way as not to offend the client. Berwin Leighton Paisner (BLP) has missed this delicate balance with its meeting room notepads. The word ‘notepad’ appears […]

United States

Transatlantic relations are under pressure. As Deputy Prime Minister John Prescott criticises US handling of the Middle East, UK in-house lawyers are running scared over the prospect of the long arm of US law. The extradition of the NatWest Three in July after three years in the long shadow cast by Enron sent shockwaves through […]

Morgan Lewis secures SunGard’s legal chief

The chief legal officer of SunGard Data Systems Larry Gross has joined US firm Morgan Lewis & Bockius after the software house was bought by a private equity consortium for $11.4bn (£6.02bn) in April. Gross was SunGard’s general counsel from shortly after its public offering in 1986 until the beginning of 2005, when he became […]

Latham focuses on India with Davis Polk raid

Latham & Watkins has bolstered its Singapore office, adding Davis Polk & Wardwell corporate attorney Rajiv Gupta as of counsel as the firm moves to ramp up its offering to India. Gupta previously worked in Davis Polk’s Hong Kong office, and specialises in representing investment banks and issuers on debt, convertible bonds and derivatives products. […]

Mayer Brown names three-partner successor to chairman

Mayer Brown Rowe & Maw is set to name a three-partner “office of the chairman” when current chairman Ty Fahner steps down in May 2007. The firm’s management committee emailed the partnership today with a proposal that would name current general counsel James Holzhauer as chairman with UK managing partner Paul Maher and Washington DC […]

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