KWM Hong Kong partners Kwok and Chan quit to launch boutique

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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 […]

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New online court may improve chances of tenancy arrears recovery

By Karl Anders and Lucie Bryan On 6 April 2018 HMCTS publicly announced the launch of a new online service to allow members of the public and businesses to issue money claims, resolve disputes and access mediation via a new online claims service. Known as Civil Money Claims, and available for money claims with a […]

Dress codes in the workplace: new government guidance

By Stuart McBride New guidance entitled “Dress codes and sex discrimination – what you need to know” was published by the Government Equalities Office last week.  It follows the 2016 online petition started by a woman who was sent home from work when she refused to wear high heels. The petition led to a Parliamentary Enquiry […]

Timor-Leste oil and gas: New maritime treaty with Australia

On 6 March 2017, in New York, delegations of both countries signed, before the United Nations’ Secretary-General and Portugal’s former Prime-Minister, António Guterres, the “Treaty Between the Democratic Republic of Timor-Leste and Australia Establishing Their Maritime Boundaries in the Timor Sea”. The new maritime boundaries between the two countries represent, after almost 50 years, Australian’s […]

Portugal: New regime for conversion of unsubordinated credits into capital

Law No. 7/2018 was published on 2 March and created a legal regime for the conversion of unsubordinated credits into capital in commercial companies, or companies adopting a commercial form, incorporated under the Laws of Portugal. The new law entered into force on the day after its publication and clearly aims to provide an extrajudicial […]

Portugal: Exploitation of lithium

Lithium minerals have seen a rise in demand and price since 2011, which became even greater in 2016, and the expectation is that this rise will continue along with the growing demand for electric vehicles. Lithium supply security has become a top priority for technology companies in the United States and Asia and, worldwide, lithium […]

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Today we’re talking results. First up, there’s still time to enter this year’s The Lawyer Management awards – don’t miss out on the chance to win one of the year’s biggest prizes for operational excellence. This is every firm’s chance to acknowledge all the hard work being done by the members of their business support […]

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Herbies finalises disputes management line-up with Carrington named EMEA head

Herbert Smith Freehills (HSF) has named London-based partner Philip Carrington as EMEA disputes head, while in Paris Isabelle Michou becomes head of disputes. The move comes just months after HSF named Hong Kong based partner Justin D’Agostino as its new global dispute resolution head (19 March 2014). D’Agostino succeeded incumbent Sonya Leydecker, who was promoted […]

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The Lawyer Awards 2014 Shortlist: Private Wealth Team of the Year

In our first in-depth look at our awards shortlisters, the private wealth contenders show how they have shined in the face of globalisation and tougher legislation The trend running through this year’s Private Wealth Team of the Year entries for The Lawyer Awards, sponsored by Duke and Rawson, is internationalisation. Of the five shortlisted entries, three are […]

No5 Chambers’ S Chelvan is named Legal Aid Barrister of the Year 2014

S Chelvan from No5 Chambers has been announced as the winner of the Legal Aid Barrister of the Year at the Legal Aid Lawyer of the Year Awards 2014, organised by the Legal Aid Practitioners Group. According to the testimonial, Chelvan is known as a lawyer, academic and activist, who has been instrumental in winning […]

Look out – the accountants are coming

Just when you thought you’d caught up with all the changes afoot in the legal sector, the Big Four accountants go and chuck a curveball. The re-emergence of Ernst & Young, KPMG and PwC as players in UK legal services may not be a huge surprise in this ABS-obsessed world. But that they’re going at […]

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