Related briefings

Privacy Shield open for self-certification on Aug 1

On August 1 US organisations can finally begin to submit self-certification requests to the Department of Commerce under the new EU-US “Privacy Shield.” This opens a new era for the lawful transfer of personal data from the European Union westward across the Atlantic. The Commerce Department has published a practical guide, “How to Join Privacy Shield: Guide to Self-Certification,” […]

Brexit - Flag of European Union

Tax Issues around Brexit

Our European tax team recentlydelivered a breakfast seminar exploring the tax issues and challenges posed by the result of the EU Referendum. The team covered a range of issues, including: the European framework, including overview of the EU, EEA, Eurozone and other European groupings; the process of the UK’s withdrawal from the EU; and the […]

India shuts down Mauritius route

Time to rethink investment structures On May 10 the Indian government issued a press release announcing the signing of a protocol to amend the India-Mauritius tax treaty.1 As a result of these amendments, Mauritius tax residents will no longer be exempt from Indian capital gains tax on sales of shares of Indian resident companies that […]

Insurance: new assessment method for GSIIs

The International Association of Insurance Supervisors (“IAIS”) has published its updated assessment methodology for designating global systemically important insurers (“G-SIIs”) (the “Revised Methodology”). As part of the review cycle of the IAIS and following consultations in 2015 the Revised Methodology now comprises five phases and adopts absolute reference values for certain indicators. Additionally, the Revised Methodology incorporates a […]

Outlook in enforcement actions against foreign banks at the new NYDFS

By Matthew L. Biben, Courtney M. Dankworth, Eric R. Dinallo, Mary Beth Hogan, Gregory J. Lyons, David Sarratt, David G. Sewell, Harriet M. Antczak On June 15 Maria Vullo was confirmed as the new Superintendent of the New York State Department of Financial Services (“NYDFS”), solidifying the first permanent change in leadership at the agency. Since the departure last summer of […]

Latest Briefings

Permission in principle – growth, renewal, protect

The biggest shake up of the planning system since 1947 continues apace with the announcement, on 2 August, of government plans to create an automatic green light for development within specifically designated areas of the country.

Setting aside company transactions involving Jersey, Guernsey and BVI companies

Financial pressure can change perspectives on transactions – whether through the lens of an insolvent winding up, in the context of a counterparty or related interested party exploring ways in which they might unravel a transaction, or a new board considering whether a company can extricate itself from contractual arrangements that appear to have been subject to a conflict of interest or which were for an improper purpose.

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Oliver Hyams

Don’t mess with the TUPE rules

TUPE regulations are in line for refinement, but not fundamental change, which is a good thing On 5 September the Government announced proposals for changes to the Transfer of Undertakings (Protection of Employment) Regulations 2006 (better known as TUPE). These regulations and their predecessors – the 1981 regulations with the same name – have been […]

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Another Mancunian merger for Slater & Gordon?

Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone? Anyone looking for the inside track on the next Slater & Gordon merger should keep a close eye on Manchester-based personal injury (PI) specialists Pannone. The Australian listed firm took its first step into the UK legal scene […]

Work-Life Quiz: Malcolm Underhill

What was your first-ever job? I was a petrol pump attendant. Where is the best place to go if you want to find out what’s really going on in the office? Ask a trainee. What time do you usually leave the office?  When we run out of milk. What do you do at weekends? I’m […]

RBS’ £43m legal bill

A round of expensive litigation looms for state-owned Royal Bank of Scotland (RBS), which told the High Court that it is going to have to dig deep to defend a potential £4bn group action from former shareholders. The bank reckons that legal bills could top £42m if the case continues to attract claimants. Quinn Emanuel […]

Lloyds Bank

Slaughters and Freshfields take lead on Lloyds share sale

Slaughter and May and Freshfields Bruckhaus Deringer have taken the lead roles in advising the Government and Lloyds Bank on the sale of a 6 per cent stake in the banking group. The sale, which raised £3.2bn, is the first stage in the reprivatisation of the high street bank. Slaughter and May partner Nilufer von […]

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