Related briefings

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

New changes impacting the leasing legislation

Law no. 83/2021 amending and supplementing Government Ordinance no. 51/1997 on the leasing operations and the leasing companies was published on April 16, 2021 in the Official Gazette no. 401, Part I. Importantly, the provisions of Law no. 83/2021 may only be applied for leasing agreements concluded after its entry into force.

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Freshfields client Apple ordered to pay Samsung’s UK legal fees

The Court of Appeal (CoA) has ruled that Apple must pay Samsung’s legal fees on an indemnity basis after a ruling by lead judge Sir Robin Jacob found that Apple’s attempts to publicly apologise to Samsung were ‘misleading’ and ‘lackadaisical’. Apple was forced to post the apology on its UK website after a High Court […]

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Mis-grilling claims

Eversheds under fire for taking a tough line with rate swap mis-selling claimants The involvement of Eversheds in interest rate swap mis-selling cases is becoming a sore point among claimant lawyers. The firm has been brought in by Barclays to audit claims selected for the FSA’s redress scheme. With Matthew Arnold & Baldwin and Simmons […]

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Freshfields loses corporate partner to BP

Freshfields Bruckhaus Deringer has seen Düsseldorf corporate partner Hildegard Bison leave to join the European arm of longstanding client BP in a senior in-house role. Bison, who has been at the magic circle firm for 18 years, has joined BP Europa as assistant general counsel and legal manager for FVC Rhine, the oil giant’s fuels […]

Catrin Griffiths

Why can’t firms just talk straight?

Imagine no head office: it’s easy if you try. No boss in London, management on the fly. Imagine all the lawyers living life in peace… Such is the utopian refrain suggested by the declaration last week by SNR Denton, Salans and Canada’s Fraser Milner Casgrain (FMC) that the merged firm would be “truly polycentric” with […]

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Guernsey: image is everything

Guernsey bids for global lead as it prepares to pass image rights legislation Jonathan Riley, partner, Lawrence Graham The Image Rights (Bailiwick of Guernsey) Ordinance 2012 was published on 19 October. The draft is expected to be approved at the States Meeting on 28 November and come into effect on 3 December.  Image rights, which […]

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