Every silver lining…

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Latest Briefings

Innovative new law opens Guernsey up to Artificial Intelligence

By Andrew Munro The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas and sectors worldwide. This exciting […]

CSSF on mandatory notifications in a no-deal Brexit context

Following the publication of Luxembourg laws of 8 April 2019 (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed at undertakings for collective investment (UCIs) and/or their managers, and certain firms currently authorised in the United Kingdom (UK) which intend to continue their activities in Luxembourg […]

Economic substance laws: the private wealth context

By Richard Laignel  Recently as part of on-going international initiatives, a large number of international finance centres (including Jersey, Guernsey, BVI and Cayman) have passed new laws requiring companies which are tax resident in such centres and also conducting certain types of activities to demonstrate that they have an adequate level of physical substance and […]

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A&O opens in Jakarta after posting 10 per cent PEP rise in 2009-10

Allen & Overy (A&O) has posted 10 per cent growth in average profit per equity partner (PEP) for the last financial year with turnover dropping 4 per cent over the same period. Turnover for the year fell from £1.091bn in 2008-09 to £1.051bn while PEP grew from £1m to £1.1m. The amounts paid out to […]

Mishcon experiences another tough year for PEP

Mishcon de Reya has posted another sharp decline in average profit per equity partner (PEP), with the firm’s PEP now having dropped 39 per cent in two years. Mishcon’s PEP was £450,000 in 2009-10, down from £575,000 the year before. In 2007-08 the firm’s PEP had been £740,000. Managing partner Kevin Gold said the firm’s […]

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Pannone managing partner succeeds Kingsley as senior partner

Pannone has handed its managing partner Steven Grant the role of senior partner with immediate effect, following the departure of previous incumbent Joy Kingsley for smaller firm JMW. Grant takes up the role after an uncontested election. He was due to step down as managing partner at the end of this year, after he announced […]

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After the magic is gone

An exodus of magic circle firms from Hungary has changed the face of its legal market considerably. Tom Phillips asks five key players in the region for their view on the new legal landscape. The legal market in Hungary has undergone many changes over the past few years, not least of which is evident in […]

Dispute resolution expert joins Serle Court

Former Court of Appeal (CoA) civil division vice president Sir Mark Waller has joined Serle Court’s alternative dispute resolution panel as an arbitrator and mediator. Sir Mark, who took silk in 1979, was made a Lord Justice of Appeal in 1996 before becoming a vice president of the CoA in 2006. At Serle Court, he […]

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