PwC acquires Canadian immigration firm

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

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How can creditors participate in the prescribed part?

An administrator, liquidator or receiver must make a ‘prescribed part’ of the company’s net property available for the satisfaction of unsecured debts. The amount of the prescribed part will depend upon the amount of the company’s assets that are realised but is subject to a maximum of £600,000. The prescribed part must not be distributed to the […]

AAA: Game Station — fair play?

The Court of Appeal has decided that rent accruing during a period of administration should be treated as an expense of the administration, irrespective of the date on which it falls due for payment. Administration expenses are paid by administrators in priority to liabilities owed to holders of security. The decision in Jervis v Pillar […]

Khristy Spyrou and Myria Agathocleous become Pamboridis partners

Khristy Spyrou and Myria Agathocleous have been unanimously voted to be partners of Pamboridis. Spyrou got her degree from the university of Thessaloniki. After completing her pupillage, she joined the firm of Polyviou & Co as a litigator. In 2008, she joined Pamboridis’s corporate department, where she deals with commercial contracts, mergers and acquisitions and general […]

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Accountants aren’t kidding with ABS this time

Last month PwC Legal got an ABS licence, which will allow it to own its legal arm at last. PwC, readers will hardly need reminding, is an organisation rich in resources with a distribution network second to none. There are huge opportunities for the accountants to use their networks in emerging markets, which will pose […]

FINRA proposes changes to regulatory regime for limited corporate financing brokers

By Edward J Johnsen The Financial Industry Regulatory Authority (FINRA) has issued Regulatory Notice 14-09 soliciting comments on a proposed new regulatory structure for firms that limit their activities to advising companies and private equity funds on capital raising and corporate restructuring. The proposal, published on 26 February, is one of the most important advanced […]

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