The Financial Services Compensation Scheme (FSCS) has rejigged its legal team as part of a wider restructuring. The changes follow James Darbyshire’s appointment as chief counsel in September, having initially taken on the role on an interim basis in April. At the time, a chief counsel team was created, which merged together legal and recoveries, company […]
Freshfields Bruckhaus Deringer has changed its legal structures in several European Union jurisdictions as the magic circle firm readies for Brexit. Freshfields is the first of the magic circle to have completed the conversion into a German equivalent of the UK LLP structure – known as Partnerschaftsgesellschaft mit beschränkter Berufshaftung (PartG mbB), a legal form […]
In a year that has made everyone revise their opinions of what normal looks like in business, it is fitting that the biggest award of the year goes to firm that like no other, encapsulates the radical changes that have happened in the legal sector. For the first time in the history of The Lawyer […]
The forex rigging cartel dispute in the Competition Appeal Tribunal has been postponed, as the tribunal awaits judgment in the Mastercard/Merricks case. The claim dates to 2013, when allegations of collusion and manipulation were made against several banks. In 2014, the Financial Conduct Authority hit Citibank, JP Morgan, HSBC, RBS and UBS with fines which […]
On 8 January 2021, the Luxembourg tax authorities (LTA) issued highly anticipated guidance with respect to the application of article 168 bis of Luxembourg income tax law (LITL), which was introduced in 2018 through the implementation in Luxembourg law of the EU Directive 2016/1164 Anti-Tax Avoidance Directive 1. According to article 168 bis LITL, Luxembourg […]
Since the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) came into force on 1 January 2019, Jersey tax resident companies carrying out certain ‘relevant activities’ have had to comply with the substance requirements set out within the Law.
Disclosure orders granted against former liquidator and directorship services provider.
Contents: 1 Pan-Channel Island developments 1.1 Economic Substance updates: Self-Managed Funds and Fund Vehicles 1.2 Brexit: updated position following the UK leaving the EU 2 Jersey developments 2.1 Guidance on COVID-19 Economic substance concession 2.2 Financial Services (Disclosure and Provision of Information) (Jersey) Regulations 2020 2.3 Minor amendment to the JFSC’s Outsourcing Policy and Guidance […]
On 6 January 2021 the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 (the DPI Law) came into effect, together with the Financial Services (Disclosure and Provision of Information) (Jersey) Order (the DPI Order) and the Financial Services (Disclosure and Provision of Information) (Jersey) Regulations (the DPI Regulations).
The Financial Services Compensation Scheme (FSCS) has rejigged its legal team as part of a wider restructuring. The changes follow James Darbyshire’s appointment as chief counsel in September, having initially taken on the role on an interim basis in April. At the time, a chief counsel team was created, which merged together legal and recoveries, company […]
Freshfields Bruckhaus Deringer has changed its legal structures in several European Union jurisdictions as the magic circle firm readies for Brexit. Freshfields is the first of the magic circle to have completed the conversion into a German equivalent of the UK LLP structure – known as Partnerschaftsgesellschaft mit beschränkter Berufshaftung (PartG mbB), a legal form […]
In a year that has made everyone revise their opinions of what normal looks like in business, it is fitting that the biggest award of the year goes to firm that like no other, encapsulates the radical changes that have happened in the legal sector. For the first time in the history of The Lawyer […]
The forex rigging cartel dispute in the Competition Appeal Tribunal has been postponed, as the tribunal awaits judgment in the Mastercard/Merricks case. The claim dates to 2013, when allegations of collusion and manipulation were made against several banks. In 2014, the Financial Conduct Authority hit Citibank, JP Morgan, HSBC, RBS and UBS with fines which […]
A group of high-profile financial institutions have triumphed in a jurisdiction challenge against the Kuwaiti state pension fund in a mammoth fraud matter worth over £600m. In an eagerly anticipated judgment, Mr Justice Henshaw ruled in favour of the defendants that fought for the challenge in a four-day hearing in July. This proved a significant […]
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Which organisation has had most lawyers featured in the Hot 100 over the 20 years?
Revived interest in Japan from certain law firms may have something to do with the Rugby World Cup.
Kirkland & Ellis and Simpson Thacher are expected to deliver another strong set of results in coming weeks.
Boutiques are now looking like a particularly attractive option.
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.
McDermott Will & Emery is building up its City restructuring practice with the hire of Proskauer’s European restructuring head. Mark Fennessy joins McDermott as head of restructuring in London with fellow restructuring lawyer Sunay Radia, who joins as a partner. Fennessy spent eight years at Proskauer where he specialised in all areas of contentious and […]
Akin Gump Strauss Hauer & Feld’s City revenue is now within touching distance of the $150m mark, after double-digit growth in the office. The firm has posted a rise of 19 per cent from $125m to $149m in London. Globally turnover was up 6.5 per cent to $1.209bn from $1.135bn. The biggest global jump was in […]
Allen & Overy wants to increase collaboration between its lawyers and participants of incubator Fuse, while also expecting to run a “hybrid model” of working once a new cohort of start-ups are chosen. The incubator of the magic circle firm is set to start taking applications for its fifth cohort, with both emerging and established […]
Two of Irwin Mitchell’s most highly-regarded employment partners are to launch their own firm, adding to the blossoming number of boutiques in the City. Shazia Khan and Emilie Cole will go it alone as ColeKhan LLP from 2 May 2021. The pair had previously worked together at Bindmans before moving to Irwin Mitchell in 2018, […]
Taylor Wessing has amended its eligibility rules to enable staff to take career breaks and sabbaticals sooner than usual, in response to the third national lockdown. The firm has removed its usual two-year continuous service eligibility for people wishing to take up these unpaid options, as firms continue to think of ways to support staff […]
Goodwin is eyeing up Sidley Austin’s private equity grouping again, with a number of associates set to join a partner team led by Christian Iwasko and Erik Dahl, The Lawyer understands. Goodwin is thought to be hiring up to six associates from Sidley’s private equity team after Goodwin brought in a partner group spearheaded by […]
