Latest Briefings

EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions

The European Securities and Markets Association (“ESMA”) has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. It has identified what it calls “questionable practices” by firms in this regard, for example, using general clauses or online pop-up “I agree” […]

Dealing with Requests for Flexible Working under Jersey and Guernsey Law

There is no doubt that enforced working from home (‘WFH’) during the early stages of the pandemic has accelerated changes in the way we work. Partly motivated by the initial response to lockdown measures, partly by a need to accommodate individual circumstances, employers and employees have had to adapt to changes in where, how and […]

UK Government Announces Changes to DAC6 Post-Brexit – Impact For Ireland

EU DAC6 – Mandatory Disclosure of Reportable Cross-Border Arrangements Directive 2018/822 (DAC6) is an EU Directive requiring EU intermediaries or taxpayers to report information on certain cross-border arrangements to their local tax authorities.  Our previous client updates in relation to DAC6 can be found on our website here1 and here2. In an unexpected move on 31 December 2020, […]

Big Tech worldwide regulation: not if, but how

We appear to have reached a global consensus that it is no longer a question of if we should regulate Big Tech but how we regulate, with a flurry of legislative proposals in Europe and legal actions in the US jostling for attention in the final weeks of 2020.

Firms told to look out for domestic abuse signs

The pandemic is making employers and employees re-assess the value of the workplace. One factor, as Business Minister Paul Scully MP has pointed out, is rarely considered: are employees being subjected to domestic abuse?

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A&O, CMS and Freshfields land mandates on £696m UK nuclear sale

Allen & Overy (A&O) advised Hitachi on its £696m purchase of Horizon Nuclear Power, with CMS Cameron McKenna, Clifford Chance and Freshfields Bruckhaus Deringer all scoring roles on the sell side. Japanese energy and engineering company Hitachi has agreed to buy Britain’s Horizon nuclear project from E.ON and RWE, which established the joint venture in […]

Public crawl

Slimmer pickings for firms on public sector rosters Transport for London’s (TfL) decision to cut its legal panel from 12 firms to 11 has almost as much to do with firms’ choices as TfL’s strategy. Travers Smith, one of four firms to leave the panel, elected not to tender for a place after not receiving […]

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Offshore: Fiduciaries – Split the difference

Offshore law firms have long supplemented their legal offerings with fiduciary business, but will that model last? In March offshore firm Walkers, announced it was disposing of its fiduciary business, Walkers Management Services (WMS). WMS was being sold to global trust company Intertrust. Intertrust acquired 100 per cent of WMS’s shares and the fiduciary’s staff […]

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Local firms can thrive in Malaysia

Malaysian firms can gain from a liberalised market if they change their mindset and learn from newcomers Chew Seng Kok, managing partner, Zaid Ibrahim & Co With the Legal Professional (Amendment) Act (LPA) passed in June, Malaysia has embraced an era of liberalising the legal profession. The amendment allows foreign firms to practise in Malaysia […]

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Government rejects judicial demands for costs council

The government has rejected Lord Justice Jackson’s proposals for a costs council despite senior judges calling for the end of the hourly rate. Justice minister Helen Grant said yesterday that the Advisory Committee on Civil Costs (ACCC) set up in 2007 to advise on costs issues was to be disbanded with its responsibilities transferred to […]

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