King & Wood Mallesons picks up Eversheds trio to build structured real estate team

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Do payment processors wield too much power?

By Simon de Broise  Payment processors, as the name suggests, facilitate payments by credit and debit cards for both online and point of sale transactions. The payment processor acts as an intermediary between the merchant (e.g. a retailer or airline) and the customer’s bank, facilitating the rapid authorisation (or otherwise) of the payment and initiating (and […]

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Ignoring Turkish law on data breaches could put you in prison

Data processors resident outside Turkey whose activities affect Turkey may also need to register by 30 September 2019. Even failing to delete expired data can be punished by one to two years’ imprisonment. As a candidate state for EU membership, Turkey aligns much of its legal system with EU law, hence its 2016 Law on the […]

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Metro Bank kicks off review of lending and securities panel

Metro Bank general counsel Sally-Ann James has kicked off a review of the bank’s biennial lending and securities panel, which is set to finalise next month. This is Metro Bank’s first review of its lending and securities panel since the panel was established in December 2012. It is understood that the bank intends to select […]

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China oil giant CNOOC breaks ties with Baker & McKenzie after internal investigation finds conflict of interest

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Linklaters co-US managing partner Norton stands down early

It has emerged that Linklaters’ US co-managing partner Jeff Norton stepped down from his post nine months early, leaving Conrad Tenaglia as sole US managing partner. New York-based Norton and Tenaglia succeeded Larry Byrne and Nick Rees in the managing partner role in 2011, after both completed a four-year term (16 May 2011). Norton was […]

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