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

New Court of Appeal case a game-changer for arbitration in family law

By Sarah Green A recent Court of Appeal case has the potential to change the landscape of arbitration in family law. With the court backlog worse than ever as a result of Covid-19, out-of-court settlement options, such as Early Neutral Evaluations, Private FDRs and Arbitration are seen as increasingly attractive prospects for separating couples, who […]

Decade-long Saad litigation settled between AHAB and Grant Thornton Defendants

By Rupert Bell, Shelley White, Colette Wilkins, Andrew Gibson, Arikka Farley After over 11 years of litigation, Walkers Cayman is pleased to announce that Walkers’ clients, the Grant Thornton Defendants, have reached a confidential settlement with AHAB which results in their release from the AHAB v. Saad Investments and Others proceedings in the Cayman Islands. The proceedings […]

The remote trustee: Getting your house in order after the Covid-19 pandemic

By David Pytches, Monique Bhullar, Philip Paschalides, David Pytches, Clive Thomas To say 2020 has been a challenging year for many would be an understatement. The onset of COVID-19 saw significant hardships for millions of people globally and the economic impacts continue to ripple across the world’s economy, with many expecting these negative consequences to […]

How to manage virtual cross-cultural teams – Interculturality

How to manage virtual teams In our last blog, we explored why it’s important to capitalise on internal resources by designing inclusive workplaces. Inclusion often encounters resistance among those who consider it a passing HR trend and feel the voice of the diversity and inclusion (D&I) advocates is too paternalistic. But often this resistance exists because […]

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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 […]

Gearing up for a new market abuse regime

The EU has just edged closer towards finalising its new market abuse regime, with the European Parliament giving its backing to the political agreement reached on a new Market Abuse Regulation. This is set to replace existing UK civil rules in this area and will not depend on separate implementation by member states. Exact timing […]

TUPE changes U-turn: evolution not revolution

By Simon FennellThe government has confirmed that amendments will be made to the Transfer of Undertakings (Protection of Employment) (TUPE) Regulations 2006, early next year. However, the service change provisions will not be repealed as had previously been expected. Two years on from announcing its intention to overhaul the TUPE Regulations, the Department for Business Innovation […]

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