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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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Litigation Personal Injury 01/07/97

Jolley v London Borough of Sutton – QBD 14 May 1997 Claimant: Justin Jolley, 2Incident: Plaintiff crushed Injuries: Plaintiff, at age of 14, was working beneath a wooden boat on local authority car park. Boat had been abandoned and standing on car park for two years. Plaintiff had attempted to restore it. He was lying […]

Fees shambles mars Hong Kong party

Hong Kong lawyers are in confusion over the future of scale fees after a pre-handover legislative council meeting described as “a shambles”. Lawyers downed tools for three days of celebrations to mark the handover of the colony to China, but there is widespread unease about the legal profession’s future. The scale fees system generates a […]

Hillsborough damages claim

The House of Lords has now given leave for the Chief Constable of South Yorkshire to appeal a decision that four members of his force who claimed damages over mental trauma they claim they suffered as a result of their involvement in the Hillsborough Stadium disaster in April 1989 were entitled to compensation for mental […]

In brief: Law Soc heralds end of legal aid crisis

The legal aid funding crisis is officially over, according to the Law Society. The society has seized on figures published in the Legal Aid Board’s annual report which show spending is within budget for the fourth year running. Law Society vice president Phillip Sycamore said: “There is clearly no longer any need for panic measures […]

In brief: SNP mounts challenge over TV debate

The Scottish National Party has launched a court battle to stop the broadcasting of a televised election debate without the participation of its leader, Alex Salmond. At the Court of Session in Edinburgh last week, the SNP’s lawyers challenged representatives from the two television channels, STV and Grampian, and also the Independent Television Commission, to […]

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