Goldsmith to challenge Singaporean government on anti-gay laws

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Privacy Shield open for self-certification on Aug 1

On August 1 US organisations can finally begin to submit self-certification requests to the Department of Commerce under the new EU-US “Privacy Shield.” This opens a new era for the lawful transfer of personal data from the European Union westward across the Atlantic. The Commerce Department has published a practical guide, “How to Join Privacy Shield: Guide to Self-Certification,” […]

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Tax Issues around Brexit

Our European tax team recentlydelivered a breakfast seminar exploring the tax issues and challenges posed by the result of the EU Referendum. The team covered a range of issues, including: the European framework, including overview of the EU, EEA, Eurozone and other European groupings; the process of the UK’s withdrawal from the EU; and the […]

India shuts down Mauritius route

Time to rethink investment structures On May 10 the Indian government issued a press release announcing the signing of a protocol to amend the India-Mauritius tax treaty.1 As a result of these amendments, Mauritius tax residents will no longer be exempt from Indian capital gains tax on sales of shares of Indian resident companies that […]

Insurance: new assessment method for GSIIs

The International Association of Insurance Supervisors (“IAIS”) has published its updated assessment methodology for designating global systemically important insurers (“G-SIIs”) (the “Revised Methodology”). As part of the review cycle of the IAIS and following consultations in 2015 the Revised Methodology now comprises five phases and adopts absolute reference values for certain indicators. Additionally, the Revised Methodology incorporates a […]

Outlook in enforcement actions against foreign banks at the new NYDFS

By Matthew L. Biben, Courtney M. Dankworth, Eric R. Dinallo, Mary Beth Hogan, Gregory J. Lyons, David Sarratt, David G. Sewell, Harriet M. Antczak On June 15 Maria Vullo was confirmed as the new Superintendent of the New York State Department of Financial Services (“NYDFS”), solidifying the first permanent change in leadership at the agency. Since the departure last summer of […]

Latest Briefings

Taxation of a Shareholder’s Income In the Acquisition of a Limited Liability Company’s Own Business Share

This article aims to provide answers to a “hot topic” legal issue, often raised by shareholders, regarding the legal grounds for taxation of a natural person’s income derived from selling his business share to his limited liability company (where the company acquires its own business share) in the Republic of Slovenia. This article aims to […]

Significant beneficial owner: SEBI makes listed companies comply

On 7 December 2018, the Securities and Exchange Board of India (SEBI) issued circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 (Circular) to modify Circular No. CIR/CFD/CMD/13/2015 dated 30 November 2015 (Format for Disclosure of Holding of Specified Securities and Shareholding Pattern) issued under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Pursuant to the modification, […]

New amendments to CIRP regulations – Relief for bidders and dissenting financial creditors

The Insolvency and Bankruptcy Board of India (IBBI) amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the fourth time in 2018 on 5 October 2018 through the IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2018 (Amendment Regulations). The Amendment Regulations have come into force on 5 […]

Risks for liability insurers and their insureds: #MeToo

By Susie Wakefield, Antonia Blackwell One year on from #MeToo, Bloomberg estimates at least 425 prominent people across industries had been publicly accused of sexual misconduct. These headlines have brought the issue of how employers tackle sexual harassment in the workplace into the spotlight. In addition to dealing with any allegations of sexual harassment, organisations will […]

Zero-hours contracts – Common pitfalls for employers

By Jo Tunnicliff “Zero-hours contracts can be a positive part of work-life balance if they offer genuine two-way flexibility,” says Matthew Taylor, the government’s lead reviewer of modern working practices. As our previous article set out, the Taylor Review made recommendations designed to improve the working conditions of individuals working in the gig economy, including zero-hours […]

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Allen & Overy announces financial results for year ending 30 April 2013

Allen & Overy has announced its financial results for the year ending 30 April 2013. According to the law firm, the results reflect a year of consolidation for the business against a backdrop of challenging market conditions, with encouraging signs of a recovery in the fourth quarter. Turnover was up £6.8m (0.6 per cent) to […]

Latham’s Friday Feeling

Hey, you lot at Latham & Watkins. If you’re after a little gift to put a spruce in your step and a song in your heart, we’ve found it. Not only is it a Friday, but Latham is putting you at the centre of its knowledge management (KM) strategy. For those of you still with […]

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BLM to open Lloyd’s of London desk

Berrymans Lace Mawer LLP (BLM) is to open a desk in the Lloyd’s of London building, its second office in the City.  The move is sign of the firm attempting to grow its specialist insurance out practice by plugging into the subscription insurance market. The office will be home to three partners full time and […]

Litigation: passing off marks in the beauty industry

The case of Lumos Skincare Ltd v Sweet Squared Ltd & Ors involved a claim in passing off, brought by Lumos Skincare, against defendants who were using the same mark for nailcare goods as Lumos had been using for skincare goods. The Court of Appeal’s decision deals specifically with the issue of whether or not […]

Disciplining employees in their absence: employers beware

There may be occasions when employers have to take disciplinary action against employees in their absence, but this carries legal risks. The recent dismissal of Gus Poyet from his post as manager of Brighton & Hove Albion Football Club live on BBC TV is a timely reminder for employers to beware when disciplining and dismissing […]

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