Bank of England & Treasury announce taskforce to explore UK Central Bank Digital Currency

The Bank of England and HM Treasury have announced the creation of a taskforce to explore the establishment of a mainstream Central Bank Digital Currency (CBDC)

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Archegos fallout raises troubling questions over bank risk controls

Credit Suisse’s removal of several senior executives, including its top risk and compliance officer, as a result of reported $4.7bn losses incurred by trades with Archegos Capital Management raises serious questions as to whether banks have learned sufficient lessons from the global financial crisis.

First, sack all the IP lawyers

In an article in the Times the argument is made that the true value and potential of intellectual property rights to the UK economy is being stifled by IP laws that are not fit for purpose, and that lawyers are in some way both ignorant of the economic value of patents to business owners and guilty of undermining entrepreneuralism. This is not a picture I recognise.

UK – tackling tax avoidance

James Austen reviews potential measures by the UK tax authorities on addressing tax avoidance, including tackling the promoters of avoidance schemes and raising standards in the tax advice market.

Government to review landlord and tenant legislation

In December 2020 the Government promised the commercial property industry an extensive review of the Landlord & Tenant Act 1954 to take place in 2021. There are early signs that it is starting.

Latest Briefings

12 things you didn’t know about electric vehicles

The significant shift in people’s travel routines over the last 12 months will likely trigger long-term changes for many and our urban spaces will need to continue to develop into ‘smart cities’. Electric vehicles and their charging points will form a significant part of this changing landscape.

Avenues of redress for stakeholders in Cayman incorporated companies facing the excesses of majority shareholders and/or their appointed directors

Against the backdrop of differing economies, laws and regulations throughout Asia, choosing to incorporate Cayman entities into holding and investment structures allows international stakeholders to co-operate under the aegis of a stable and effective judicial system. Appeals from the Grand Court of the Cayman Islands lie with the Cayman Islands Court of Appeal, comprising judges who have held high judicial office in the Commonwealth. The Judicial Committee of the Privy Council is the final Appellate Court for the Cayman Islands. As such, through its Court system, Cayman is able to provide the investment community with impartial, established and highly regarded judicial resources dedicated to resolving complex commercial disputes.

Key changes to the LCIA and ICC arbitration rules

Two of the most prominent arbitral institutions globally, the London Court of International Arbitration and the International Chamber of Commerce, have recently updated their rules to modernise and streamline the way in which arbitrations are administered. The changes are designed to increase efficiency, flexibility and transparency and to embrace the growing use of technology in business today.

Around the world (of Big Tech regulation) in 8 minutes

When Trump was ultimately banned from most mainstream social media services during his final month in office, many questioned if Big Tech should have the power to silence a sitting President in this way and if they had the right rationale to do so. Trump has now handed over @POTUS to Joe Biden and the whole world is talking about what may be in store for Big Tech when it comes to regulation as a result of this transformed understanding.

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CMS lawyer joins Hive Energy as GC

Hive Energy has appointed a CMS lawyer as its inaugural general counsel. Alex Lane joins the solar energy business after four years as an associate at CMS. As a property lawyer in the firm, he advised companies in the energy sector in relation to their acquisition of land rights for solar farms, wind farms and […]

Irwin Mitchell hands out Covid bonus but holds off on partner paybacks

Irwin Mitchell is paying a three per cent bonus to its staff this month, but has yet to confirm whether it will be reimbursing partners who volunteered for a 10 per cent pay cut last year. The bonus comes as the firm seeks to reward employees for their contribution during the pandemic, while also repaying […]

paris

Linklaters lures Freshfields PE partner in Paris

Linklaters has hired a corporate partner from Freshfields Bruckhaus Deringer, in a rare magic circle move in Paris. Partner Florent Mazeron has been a corporate partner within its global transactions practice and a member of the global financial investors group for seven years. He focuses on major private equity transactions in relation to both public […]

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Live blog: law and the Super League

The latest developments in the aftermath of the collapse of the breakaway league from the legal point of view. Contact alex.taylor@thelawyer.com with related news or analysis.

Gherkin Kirkland

Kirkland associates see target hours soar amid work surge

Associates in the London office of Kirkland & Ellis are seeing expectations around their target hours spike considerably, The Lawyer has learned, as a result of rising workloads. Sources said junior lawyers at the US firm have seen their targets skyrocket. Over the past few months, they have risen from the bonus threshold of 2,000 […]

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