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Latest Briefings

Manage DSAR Challenges through Workflow Optimisation and Automation

When the General Data Protection Regulation (GDPR) went into effect on 25 May 2018, it eliminated the cost barrier for an individual to submit a Data Subject Access Request (DSAR), potentially increasing the burden on organisations required to provide the results, and all in a tighter timeline. This has created a challenge for many organisations […]

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 […]

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Guernsey’s Ozannes is first to launch in Jersey

Offshore firm Ozannes is to become the first Guernsey outfit to launch an office in Jersey. The new office will be headed by new partner Marcus Stone, who joins from Jersey firm Crills. It will open for business in the autumn. Senior partner Roger Perrot said: “We are delighted to announce our plans for opening […]

Short’s Gunner be working late

There’s dedication to the cause, and then there’s Stephen Short. Simpson Thacher’s London acquisition finance geezer recently spent 14 days thinking about one thing, and one thing only – Arsenal’s Champion’s League return game against Real Madrid. Short travelled to the Bernabeu for the first leg, witnessing Thierry Henry’s superb individual strike first hand. Tulkinghorn […]

Lovells and DWS win planning consent for King’s Cross work

Initial planning permission for the King’s Cross regeneration project, one of the largest such projects in Europe, has seen the culmination of several years’ work for the planning departments of City firms Lovells and Denton Wilde Sapte (DWS). Lovells, led by head of planning Michael Gallimore, advised developer Argent on the project, which is expected […]

Separated at birth

Is it just a coincidence that Collins Stewart Tullett’s head of legal Simon Clark is a dead ringer for surreal comedy supremo Vic Reeves? Surely one of the more unlikely court battles of recent years was the broker’s defamation battle against the Financial Times, in which Collins Stewart initially claimed £37m and ultimately won £300,000? […]

Long-running Weil conflict case gets May trial date

Weil Gotshal & Manges will face trial in May over a long-running legal malpractice suit relating to allegations that the firm was conflicted during its representation of an unfair competition case. The matter, which first arose in 2003, stems from the firm’s representation of New Jersey store Fashion Boutique of Short Hills in an unfair […]

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