In November 2017, CIFAS, the UK’s fraud prevention service released statistics showing a 75% rise in the number of 18 to 24 year old’s who are letting their bank accounts be used to transfer the proceeds of crime. CIFAS, along with UK Finance ran a ‘Don’t Be Fooled’ campaign which aims to deter young people […]
Andrew Bailey, CEO of the FCA, has this week written to IFPRU and BIPRU investment firms requesting them to review their prudential reporting practices. This was as a result of the FCA discovering that large numbers of firms are submitting inaccurate and incomplete returns. So, if you are the CFO, expect questions from your CEO, […]
Today’s news that the William Hill will face penalties of at least £6.2m following settlement with the Gambling Commission will have sent shock waves across the industry. This is the second largest financial penalty levied by the Commission, and the highest in relation to financial crime concerns. Other gaming firms should take note…
The Gambling Commission has conducted a ‘thematic review’ which has reportedly revealed shortcomings in antimoney laundering controls. Early this year, the Gambling Commission wrote to 195 UK-based remote casino operators with summary findings… …In short, remote casinos are not doing enough to prevent or detect the misuse of their services to launder criminal proceeds or fund terrorism…
Carey Olsen partner Christopher Anderson recently introduced the concept of a hybrid vehicle for use in the insurance-linked securities (ILS) industry. Here, he explains how and why he came up with the idea of the world’s first ILS hybrid. As is often said, the best ideas are always the simplest. That is reassuringly accurate for […]
Tony O’Reilly explained the importance of ‘agile app development’ when using no-code automation platforms like Neota. It’s not a new term, it’s been around for the many years but in this context, Tony explained, agile app development is about having something that gives you the ability to develop applications quickly in terms of having an […]
By David Manda, Ruth Ormrod In the recent case of Boyd v Ineos Upstream, a hotly anticipated appeal involving fracking protestors, the Court of Appeal has provided guidance on the highly topical subject of bringing injunctions against ‘persons unknown’. Walker Morris’ specialist Real Estate Litigators David Manda and Ruth Ormrod explain and offer some practical advice.
By David Smedley, Andrew Rayment, Shakeel Dad The last few months have seen many announcements in relation to changes expected in the employment law arena. With new information being received almost weekly, our legislation update sets out the changes in chronological order and highlights the headline points together with the proposed or confirmed implementation dates.
Nosworthy v Instinctif Partners Ltd UKEAT/0100/18 – ‘Bad leaver’ provision requiring forfeiture of shares and loan notes was not unlawful In this case, the Employment Appeal Tribunal (EAT) held that a bad leaver provision forcing an employee to give up her shareholding if she resigned was not an ‘unconscionable bargain’. Nor was it void as […]
Kinstellar’s Hungarian M&A and corporate team has successfully advised Magyar Telekom Nyrt., the leading Hungarian telecommunications service provider and its affiliate T-Systems Magyarország Zrt., on the acquisition of ITgen Kft., an SAP technology and security specialist. The acquisition of ITgen allows T-Systems to provide more comprehensive and therefore more competitive SAP services through acquiring competencies […]
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Average revenue per lawyer (RPL) at the 50-largest US firms in the UK has broken through the $1m mark for the first time, The Lawyer can reveal, with average RPL rising by 8 per cent from $953,000 to a new record of $1.03m. The entry into The Lawyer’s US Top 50 2019 report this year of […]
As we approach the long weekend, here are the big themes from the last five days: 1. Restructuring lawyers are busy – and not just in the magic circle The struggling high street been a theme of the week, with Jamie Oliver’s restaurant business now in administration, and Freshfields and DLA Piper securing the mandate […]
Ahead of The Lawyer Awards 2019, in association with Travelers, we’re looking back on some of the most complex or legally significant cases of the last 12 months, as eight teams vie for the top prize in this year’s litigation category. In a case that has been rumbling on since 2012, a joint team of […]
Freshfields Bruckhaus Deringer has launched its first digital solutions lab in Berlin, the latest step in building a network of innovation units across its global footprint. The lab, located in the Factory co-working space nested in the Görlitzer Park area, will be led by the firm’s German real estate and litigation counsels Gerrit Beckhaus and […]
The combined turnover of the largest independent European firms has broken through the €10bn barrier for the first time, exclusive data gathered by The Lawyer reveals this week. Collectively, the firms featured in this year’s European 100 report brought in a combined €10.4bn in 2018, up 6.5 per cent from €9.76bn in 2017. It is […]
Freshfields Bruckhaus Deringer and DLA Piper are working together on Arcadia’s company voluntary arrangement (CVA), as Philip Green embarks on a plan to rescue the business. Freshfields’ restructuring partners Neil Golding and Adam Gallagher are leading for Arcadia, as its chair Philip Green plans the closure of 23 UK stores, including Topshop, Dorothy Perkins, Miss […]