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Romanian draft law on 5G technology under strong criticism from both public authorities and private stakeholders

The Draft law on the adoption of certain measures concerning informatic and communications infrastructures of national interest and the conditions for deployment of 5G networks initiated by the former Ministry of Transportation, Infrastructure and Communications has undergone a new series of examinations from the relevant public authorities as part of the legislative procedure.

Insurance Bulletin Spring 2021

Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.

Corruption in the pandemic and the importance of asset recovery

Fraudsters are taking advantage of the opportunity that has presented itself with decreased face­to-face interactions, remote working, and potential technological weaknesses, to attack individuals and corporations for illicit gain.

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GoCardless GC takes on new role amid growth drive

GoCardless general counsel Ahmed Badr has been appointed to the role of chief legal and risk officer (CLRO), as the London fintech pursues its open banking plans and pushes deeper into the US. Badr takes on the newly-created CLRO role, where he will be responsible for leading the teams that cover legal and policy issues, […]

Arthur Cox hires Kirkland finance partner

Kirkland & Ellis has lost another City finance partner, as one of its regulatory specialists moves to Irish firm Arthur Cox. Sarah Thompson, who was formerly a partner in Kirkland’s financial services regulatory group, joins the firm in Dublin. She arrived at Kirkland as a partner in 2018 from Linklaters’ financial regulation group, where she […]

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Mishcon loses funds head to US firm

Mishcon de Reya’s funds and financial services head Daniel Greenaway has moved to K&L Gates. Following a year-long lateral hiring hiatus in London, K&L Gates has hired Greenaway along with TLT investigations partner Michael Ruck. They are the second and third partners to join this month, following the addition of energy disputes partner Ben Holland […]

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Clydes permitted to hold onto PetroSaudi funds over prosecution fears

Clyde & Co would be at “risk of criminal prosecution” if it was to hand over funds held in an escrow account for PetroSaudi Oil, a judge has ruled, as multiple authorities claim the funds are connected to the 1MDB scandal. The dispute is a spin-off from the 1Malaysia Development (1MDB) fraud investigation, with anti-corruption […]

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Taylor Wessing recruits from Greenberg in second team hire of 2021

Taylor Wessing has brought in a real estate team from Greenberg Traurig, just months after the arrival of an 11-strong private wealth group from Bryan Cave Leighton Paisner. In March, the firm will beef up the structured component of its real estate sector group with the hire of a four-lawyer team led by partner Michael […]

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