The implementation of the Jointly Owned Property (Strata) Law in Dubai

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Latest Briefings

Bulgaria: CPC deems minimum hotel accommodation prices anti-competitive

The Ministry of Tourism recently proposed the introduction of minimum prices for sites categorised as ‘accommodation places’. In Decision 529/10.05.2018, the Commission for Protection of Competition (CPC) opined on the proposal’s compliance with competition rules. The CPC held that setting minimum prices for accommodation places would limit price competition between hotels. Minimum prices cannot guarantee…

Social housing monthly law update – June 2018

This month’s TLT’s law update on all things affecting social housing includes: Automatic disqualification rule changes: Charity Commission declarations GDPR enforcement and penalties: What you need to know Dress codes in the workplace: New government guidance Government announces it will fully fund unsafe cladding removal in social housing Viability argument for 10% affordable housing fails…

From footfall to clicks – experts talk retail risk

By Gary Assim and Sarah Teal Poundworld has entered administration, and just before that it was announced that House of Fraser would be closing 31 stores, many of which are in some of the UK’s largest cities. It is no secret that many retailers have been adversely affected by the shopping habits of consumers, ever […]

Austria: The time has come – Federal Procurement Act 2018 just around the corner

More than four years after the entry into force of the new EU Public Procurement Directive (2014/24/EU), more than two years after the deadline for transposition and more than one year after publication of the first transposition draft, the time has come. Following the respective resolutions of the Council of Ministers and the Federal Council […]

Recommended

FCA publishes policy statement PS 13/1 on platform service providers and rebate payments

Following the Financial Services Authority’s (FSA) June 2012 consultation paper, the Financial Conduct Authority (FCA), assuming responsibility for publishing the rules from its predecessor, has published its policy statement addressing payments from product providers, such as fund managers, to platform service providers and consumers. In summary, platform services must be funded using charges disclosed to […]

Enhanced PIB module of the DFSA rulebook

In the good old days of financial services applications in the Dubai International Financial Centre (DIFC), a category-three financial services licence covered a multiplicity of financial services and it would have been irresponsible of any adviser to suggest that a financial services company should not apply for as many services as it could reasonably justify. […]

Manchester

Irwin Mitchell closes in on £200m turnover

Irwin Mitchell’s legal practice is closing in on the £200m revenue mark, with the firm’s commercial business generating revenues of £40m over the last financial year. The firm has restructured in recent years to reflect the fact it has ABS licences that cover legal and non-legal businesses (20 August 2012). At the 2011/12 year end […]

Conyers advises Alliance Oil Company Ltd on $500m offering of Eurobonds

Conyers Dill & Pearman has advised Alliance Oil Company Ltd on a $500m offering of Eurobonds (7.000 per cent guaranteed notes due 2020). The notes are listed on the Irish Stock Exchange. Alliance Oil Company Ltd, incorporated in Bermuda, operates as an independent oil and gas company primarily in Russia and Kazakhstan, and its shares […]

Renminbi qualified foreign institutional investors (RQFII) pilot scheme expanded

The pilot scheme for RQFII was first introduced in China in December 2011, with the aim of enabling China’s financial industry to channel overseas RMB funds into the domestic market through various RMB denominated products launched in Hong Kong (such as bond-type funds and ETFs) in furtherance of the promotion of RMB internationalisation. In March […]

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