Remember Libor? It was that name that sounded a bit like the hunchbacked assistant to Dr Frankenstein in many a Hammer Horror film, but was in fact something to do with banks that only about six people understood. In fact it is the London interbank offered rate, and there has been a huge scandal around allegations that the red-braces brigade fixed it in the name of bagging a new Maserati for the girlfriend. The next instalment in financial shenanigans is working its way over from the US, according to our correspondents from law firm Mills & Reeve, and is foreign exchange manipulation. It’s abbreviated to forex, which frankly sounds like a nasty dermatological condition. But it’s not to be taken lightly, caution the legal team, reminding us that the forex market involves some €5tn of daily global currency trading. Click here for more information.
The Copyright Hub is to intellectual property geeks what the Hadron particle collider is to physicists – although without the entertaining possibility of sending the world spiralling towards a black hole. Lawyers at Taylor Wessing explain that the hub was ‘the big idea’ emerging from the lengthy Hargreaves Review into UK copyright. Prof Hargreaves reckons his hub wheeze sorts the dilemma of working out who owns a copyright work and how to get a licence from that owner in a digital copyright exchange. The hub was launched last July, with the first few months of operation devoted to gathering a team together to make it work. Our commentators assess its chances of success. Click here for more information.
Barely a day passes in British newsrooms without lawyers acting for some C-list celebrity or other ringing up and ranting about an alleged breach of a client’s privacy. It has become the new defamation. Now the other side of the world is diving into the debate, with the Office of the Australian Information Commissioner releasing the final version of guidelines covering new Australian privacy principles, which come into force from the middle of this month. The guidelines are not wholly legally binding, but, point out commentators from local law firm Minter Ellison, they stipulate a series of mandatory requirements for minimum compliance, along with supplementary steps that represent good privacy practice. Those covered by the guidance, say the lawyers, will not be excused from taking reasonable steps to comply merely because doing so would be inconvenient, costly or time-consuming. Click here for more information.
Top five briefings by law firm
DLA Piper: Man bites dog: recovering attorney’s fees from vexatious employeesDownload
Mills & Reeve: Forex: the next big scandal to hit banks after Libor manipulation?Download
Shoosmiths: Immigration minister resigns after illegally employing cleanerDownload
Taylor Wessing: Dealing in digital rights: will the Copyright Hub show the way forward?Download
Walker Morris: Planning for the Criminal Justice and Courts Bill 2014Download
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Top five briefings by practice area
Banking & finance: Federal Reserve takes aggressive position on non-US banksDownload
Company/commercial: The importance of risk assessments — first publicity order in corporate manslaughter case and general case updateDownload
Employment: February skies: the disgruntled employeeDownload
Intellectual Property: Things you need to know about licensing intellectual property rightsDownload
Litigation/dispute resolution: AAA: Game Station — fair play?Download
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Top five briefings by region
Asia & Australasia: Australian Privacy Principles Guidelines releasedDownload
Middle East & Africa: Tax Guide 2014–15 — South AfricaDownload
Offshore: Where there is a will, there may be a (costly) way — family disputes over wills in BermudaDownload
UK and Europe: Opening negotiations with the EUDownload
US & the Americas : New York’s highest court narrows class of statutory residents — good news for some out-of-state owners of residential propertyDownload