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Do payment processors wield too much power?

By Simon de Broise  Payment processors, as the name suggests, facilitate payments by credit and debit cards for both online and point of sale transactions. The payment processor acts as an intermediary between the merchant (e.g. a retailer or airline) and the customer’s bank, facilitating the rapid authorisation (or otherwise) of the payment and initiating (and […]

Making alterations to rented business premises in Guernsey

By Piers Dereham I want to carry out fitting-out works to my business premises but my landlords say I will have to remove them when my lease expires. They are also saying that they need to check my plans before they agree to anything. Is this correct? Yes. Most commercial leases contain clauses requiring you to […]

Ignoring Turkish law on data breaches could put you in prison

Data processors resident outside Turkey whose activities affect Turkey may also need to register by 30 September 2019. Even failing to delete expired data can be punished by one to two years’ imprisonment. As a candidate state for EU membership, Turkey aligns much of its legal system with EU law, hence its 2016 Law on the […]

Amendments to the legislation of Kazakhstan on corporate matters

By Bolat Miyatov  On 2 July 2018, the Law of the Republic of Kazakhstan No. 166-VI “On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Insurance and Insurance Activities, Securities Market” was adopted. Among other things, this legislative act has amended the Law of the Republic of Kazakhstan dated 13 May 2003 No. […]

Six weeks to go until Brexit: What’s going to happen to environmental law?

By Ben Stansfield, Lee P McBride, Andrew Litchfield One of the great beneficiaries of the European Union has been the environment. Since the very beginnings of the EU, Member States have come together and enacted a great variety of environmental laws, leading to cleaner seas, flourishing habitats and healthier citizens. With Brexit only a few weeks away, this […]

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Shearman ups US associate bonuses

Shearman & Sterling has become the latest US firm to jump aboard the associate bonus bandwagon. In a statement it announced that it would provide special bonuses to all US track associates, along with the firm’s annual class-year bonuses. The special bonuses will range from $10,000 (£4,800.16) to $50,000 (£24,000.80), while class-year bonuses will range […]

Cherie who?

The launch party for O’Melveny & Myers’international arbitration group was awash with the bar’s glitterati, but perhaps the most famous face of all eluded Sir Anthony Evans QC of Essex Court Chambers. Cherie Booth QC of Matrix Chambers had left her swathes of adoring fans especially to talk to Sir Anthony. Booth approached the chief […]

Hammonds loses another team

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Shearman targets M&A and corporate in Abu Dhabi

Shearman & Sterling has vowed to ramp up its corporate and M&A capabilities in Abu Dhabi as part of the office’s five-year plan. The firm, which has had a presence in the jurisdiction for 30 years, will increase the number of partners from three to six, and triple the number of associates to 30. The […]

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