The UK Financial Services Bill 2020 was recently introduced to ensure that the UK’s regulatory framework continues to function effectively following the UK’s exit from the EU. The Bill introduces new equivalence regimes for both retail investment funds and money market funds and aims to simplify the process for distribution of foreign investment funds to UK investors.
All Cayman Islands persons or entities are subject to applicable Cayman Islands sanctions legislation.
On 16 December 2020, the Central Bank of Ireland issued a Dear CEO Letter to Schedule 2 Firms highlighting concerns with low levels of compliance with anti-money laundering and counter financing of terrorism obligations.
The consultation represents an opportunity for business to raise any issues with Irish Revenue and the Department of Finance.
This update is a FAQ regarding persons involved in AML / CFT for RAIFs.
On 21 December 2020, the Luxembourg Finance Minister announced an extension to the filing deadlines for 2019 and 2020 Luxembourg tax returns.
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Firms must once again turn their attentions towards servicing current clients for a lower cost.
The world is becoming a more open place to travel based on the Henley Passport Index.
In recent months there has been a glut of senior associate hires.
The most successful US firm in London in terms of sheer growth is Quinn Emanuel Urquhart & Sullivan.
The job losses in the legal sector last year give us a good inkling of where the most profound changes are likely in 2021
With Paul Dolman’s hire, Latham is targeting the mid-market PE opportunities.
Linklaters’ senior partner election race has begun in earnest, The Lawyer understands, as Charlie Jacobs looks set to leave the firm at the end of his term. The magic circle firm has begun a process that will conclude by mid-May, sources told The Lawyer. Jacobs is understood to have communicated internally that he will be […]
Mayer Brown is the latest firm to rethink its strategy in South East Asia, with its lead partner in Thailand joining a rival US outfit in the country. Local partner in charge Maythawee Sarathai has joined Hunton Andrews Kurth, as Mayer Brown closed its Bangkok operations. The Bangkok office was acquired by Mayer Brown following […]
Clifford Chance was on call for Alter Domus, as it agreed an acquisition deal that takes its assets under administration to $1tr. Clifford Chance supported Alter Domus as it completed the purchase of fellow business Strata Fund Solutions. The deal makes Alter Domus one of the largest private asset servicers for PE and venture capital […]
Telecoms giant BT has called on Simmons & Simmons as it faces a multimillion-pound claim in the Competition Appeal Tribunal. The claim is brought by Justin La Patourel, founder of Collective Action on Landlines (CALL), and Mishcon de Reya’s Rob Murray. The dispute relates to BT allegedly overcharging customers for its landline subscription. In 2017, […]
Clifford Chance is representing the studio behind hit game Fortnite in the Competition Appeal Tribunal (CAT) after Epic Games launched legal action against Apple and Google. The dispute concerns the defendants’ decision to remove Fortnite from their respective app stores in August 2020, which has spawned abuse of dominance claims from Epic which now seeks […]
Simmons & Simmons has successfully struck out a fraud claim from a litigant in person who accused the firm of dishonesty and had lodged a complaint to the Solicitors’ Disciplinary Tribunal (SDT). David Hinkel’s claim was dismissed by the High Court on Friday, during which proceedings revealed that the SDT had rejected the appellant’s complaints […]
