Financial services spring update: LIBOR transition, ESG and the impact of Brexit

The latest issues facing the industry as we begin to emerge from the lockdown and come to terms with the impacts of the pandemic and Brexit.

Related briefings

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.

Recommended

Cripps leaves Chelsea for new Victoria base

Cripps Pemberton Greenish is the latest firm to move out of West London, with the firm set to take on new premises in Victoria next month. The Tunbridge Wells-headquartered firm will be relocating its Chelsea base to 80 Victoria Street, in the heart of Victoria. Here it will take on 7,423 sq ft – around […]

Dublin

Linklaters names co-heads of new Dublin office

A group of Linklaters partners are getting ready to split their time between London and Dublin, as the firm gears up for its launch in the city next month. The one-floor office is set to open on the 1st of May in a building overlooking the city’s signature Merrion Square. As part of the process, […]

Money dollars

Reed Smith joins raft of firms handing out Covid bonuses

Reed Smith has approved a Covid bonus to its associates. The firm has notified associates across its global platform that it will award special 2021 bonuses across the spring and autumn. These bonuses are based on seniority, ranging from $12,000 to $64,000 in the US; the amounts elsewhere will be based on jurisdictions and currencies. […]

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