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

COVID-19 has put many businesses in a difficult financial situation

Although the Government recognised this by pushing the Corporate Insolvency and Governance Act 2020 through Parliament to try and stem the inevitable wave of insolvencies, directors and owners cannot afford to take their eyes off the ball for a second.

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scotland

Clydes parts ways with Scottish real estate firm

Clyde & Co has parted ways with Scottish real estate firm Simpson & Marwick, just five years after the firms merged. The firms merged in October 2015, marking Clydes’ first foray into Scotland. Now Simpson & Marwick has decided to go it alone, with its 26-strong residential property team moving to new offices. Simpson & […]

Taylor Wessing loses head of cyber security to Baker McKenzie

Baker McKenzie has recruited the head of Taylor Wessing’s cyber security practice. Paul Glass joins Bakers on 19 October after 14 years at Taylor Wessing, where he was a partner in the commercial technology and data group, as well as leading the firm’s cyber security practice. He joined the firm in 2004 and made partner […]

High Court

In court this week: Facebook and power cables with Latham, Macfarlanes and BCLP

One dispute of interest taking place this week is a remote one-and-a-half-day hearing in the battle between Facebook and the Competition and Markets Authority (CMA). In what is a piece of high-stakes litigation for the social media giant, Facebook is challenging the CMA’s decision to open an investigation into its acquisition of gif search engine […]

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