What employers can learn from non-disclosure after Sir Martin Sorrell’s WPP departure

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Q&A – Luxembourg Securities Law joins the blockchain age

What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to embrace and […]

Luxembourg legitimising and embracing blockchain technology

By Bertrand Geradin What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to […]

Regulatory regime for crypto assets in BVI

By Michael Killourhy, Nick Rogers “I would say every day I get two or three inquiries on some crypto or blockchain-related project. There is a lot of interest in all things crypto here in the BVI,” observes Michael Killourhy, Partner at Ogier (BVI). Such is the level of interest that earlier this year, Killourhy (pictured) noted in […]

Writing a will in British Virgin Islands – An overview

By Fraser Allister This briefing note provides an overview of the process and legal considerations for a person who is not domiciled in the British Virgin Islands to write a will dealing with his or her shareholding in a British Virgin Islands company. It is not legal advice and it should not be relied upon as […]

Opening a family office in Jersey

What is a Family Office? Whilst by no means the sole definition, a very useful one is provided by the Family Office Council, a membership group for single family offices, which defines a single family office (and our focus here is on those and not multi-family offices) as a private organisation that manages the investments […]

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New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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Clydes loses Beijing managing partner to Chinese firm

Clyde & Co‘s star magic circle hire in China, Beijing managing partner Patrick Zheng, has left after four years to join independent firm Llinks Law. Zheng will be a partner in Llinks’ cross-border dispute resolution practice. In his new firm, Zhang will join co-founder Charles Qin, as well as partner Peiming Yang, in leading the firm’s […]

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Osborne Clarke has appointed litigation partner Ashley Hurst to head the firm’s digital business sector after Adrian Bott left the role to support the firm’s Hong Kong presence earlier this month. Hurst joined Osborne Clarke in 2016 as a commercial litigation partner after spending 10 years at Olswang. Hurst trained at Hogan Lovells. In contrast to […]

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