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Investment management, succession planning, philanthropy: the diverse functions of the family office

Wealth is increasing exponentially among some of the world’s richest families, to the extent that, for many of these families, it makes commercial sense to have their own bespoke family office which looks after key operations and functions of the family. These services might include investment management, property management, day to day accounting and payroll […]

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By Oliver Passmore, Alex Horsbrugh-Porter Patisserie Valerie Patisserie Valerie entered into administration at the start of this year following the discovery of fraud within the company. It is thought that inflated profit margins and sale figures and thousands of false entries in the company’s ledgers caused the company’s accounts to be overstated by approximately £94m. […]

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By Joel Benjamin, Muborak Kambarova New Law on Tourism On 18 July 2019, the President of Uzbekistan signed a new Law on Tourism. The previous law dates from 1999 and has 22 articles. The new Law contains 45 articles. According to the Law, the State Committee for Tourism Development is an authorized state body in […]

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By Milica Filipovic, Sanja Spasenovic Karanović & Partners held a presentation about the new Law on Personal Data Protection on September 18 at our office premises. Senior Associates* Sanja Spasenović and Milica Filipović, lawyers with vast knowledge and experience in data protection matters in Serbia, talked about the key innovations the Law brings. This new piece of legislation stepped into force on 21 […]

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It’s over a year since the last major City funds move after some 20 months of frantic lateral hiring almost entirely by US firms, so it was about time Sidley Austin broke the brief trend. A few months after signing up Clifford Chance Singapore funds partner Han Ming Ho, the US firm’s London base has […]

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What will be the fate of the billable hour?

David Mandell, head of legal practice, Brilliant Law and founder of corporate law boutique MandellCorporate A man phones a lawyer and asks, “How much would you charge for just answering three simple questions?” The lawyer replies, “A thousand dollars.” “A thousand dollars,” exclaims the man. “That’s very expensive isn’t it?” “It certainly is,” says the […]

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Cutting through the complexity

Enforceability really matters in cross-border disputes, and arbitration offers the best solution Last month the French Supreme Court refused enforcement of a $284m (£186m) judgment obtained in New York by ‘vulture fund’ NML Capital against the government of Argentina. The New York judgment awarded NML the face value of distressed Argentinian government bonds it had […]

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Male-dominated lateral market hits gender diversity at US firms

Women made up just 16 per cent of partners across the top 30 international firms in London last year, with sources pointing to a male-dominated lateral hiring market as one of the areas blocking gender diversity. The UK offices of Cleary Gottlieb Steen & Hamilton, Edwards Wildman Palmer and Gibson Dunn & Crutcher recorded the […]

Latham and Joelson Wilson at wheel on £300m Addison Lee sale

Latham & Watkins, Linklaters and West End firm Joelson Wilson have advised on Carlyle Group’s purchase of London minicab group Addison Lee, a deal reported to be worth £300m. The US private equity outfit announced last Friday (19 April) it had made a significant investment in Addison Lee, which was founded in 1975 with one […]

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