Matrix boosts revenue by a fifth despite tenant losses

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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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Grapevine

Baker light Baker & McKenzie (B&M) has had a difficult two weeks in Germany, with two teams leaving for Milbank and Skadden – not that either team knew about the other’s departure at the time. Milbank has certainly made eye-catching moves in landing Rainer Magold, the godfather of German acquisition finance, who has close ties […]

Harris wins Lovells election

Lovells has elected finance head David Harris to succeed Lesley MacDonagh as its new managing partner. Harris, who is due to take office on 1 May 2005 for a four year term, beat off fierce competition from rivals Andrew Skipper, Lovells head of commercial, and competition head John Pheasant. The election took place one year […]

We can work it out

The benefits of residential commonhold schemes are clear. But is commonhold a viable option for commercial investors? By Christopher Harrison So we know about commonhold now. We know it is an alternative way of owning freehold-registered land within a community of freeholders whose commonhold association company, of which each unit-holder is a member, owns the […]

Sidley names new managing partner in Asia

Sidley Austin Brown & Wood has chosen a new managing partner for its Beijing, Hong Kong, Shanghai and Singapore offices. William Fifield, managing partner of Sidley’s Dallas office, will take over from Kenneth Cote in March 2005. He has been with the firm for 33 years. Cote will return to Sidley’s New York corporate practice […]

Freshfields hedges bets with NY and London Olympic bids

Freshfields Bruckhaus Deringer, one of the firms advising London 2012 pro bono on the capital’s bid for the Olympics, has also donated over $50,000 (£27,000) in support of a rival bid by New York. Freshfields, Clifford Chance, Ashurst and Berwin Leighton Paisner are all working pro bono on London’s bid, but only the first three are named as “major partners”. […]

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