Industry news: Accountability – February 2015

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Latest Briefings

Overseas companies and UK property – all change in 2021

By Maria Connolly At the end of July, the Draft Registration of Overseas Entities Bill was published. The intention is that, from 2021, overseas entities wanting  to deal in certain UK property will have to register in the overseas entities register (OER). Why will overseas entities have to register?

Hackitt review: Response suggests further extension of the regime

By Adrian Mansbridge As outlined in our previous articles covering what lies ahead for high rise regulation and the proposed ban on flammable cladding the legislative programme to implement the recommendations of the Hackitt review and to address broader concerns is already underway. However, as anticipated, political concerns have already led to these proposals being “beefed up”…

Use of behavioural biometrics brings privacy issues under GDPR

By Alex Towers With cybertheft and data breaches becoming an increasingly common occurrence, the need to rapidly and accurately identify fraud has driven the development of behavioural biometrics as a means to target automated attacks and suspicious transactions. However, for the technology to function, companies must amass libraries of biometric personal data to construct profiles…

Supreme Court rules a ‘right to litigate’ cannot be assigned to a third party

By Rebecca MacCann What happens if you assign your right to litigate to a person or company that is unconnected to the event that creates the right to litigate? In the recent Supreme Court case of SPV Osus Ltd v­ HSBC Institutional Trust Services (Ireland) Limited & Ors [2018] IESC 44, the Supreme Court held […]

Portugal: Fund management 2018

By Pedro Simões Coelho, Ricardo Seabra Moura and Carlos Filipe Couto How is fund management regulated in your jurisdiction? Which authorities have primary responsibility for regulating funds, fund managers and those marketing funds?

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Sidley Austin financial results show 9.5 per cent growth in year-end revenue

Sidley Austin’s financial results show revenue climbing 9.5 per cent from $1.601bn in 2013 to $1.753bn last year. Revenue per lawyer increased 5.3 per cent, growing from $942,000 to $995,000. Profit per partner increased by 6.1 per cent to $1.99m, while net income rose 11.2 per cent from $601m to $608m. Sidley Austin London managing […]

Taylor Wessing hires new financial director from Deloitte

Taylor Wessing’s 10-month search for a new financial director has ended with the appointment of Deborah Findlay, who joined the firm from a role as director of finance for Deloitte’s clients and markets division. Findlay will replace Charlotte Beckett, who left to join Pinsent Masons last year after the latter firm’s financial director Steve Hancock […]

Former SEC chair Mary Schapiro joins Axiom’s board of directors

Axiom, provider of technology-enabled legal services, has announced that Mary Schapiro has joined its board of directors.  Schapiro is one of the world’s best known and most respected financial regulators. Mary Schapiro was chairman of the SEC from 2009 to 2012.  She also served as CEO of the Financial Industry Regulatory Authority (FINRA), President of the NASD and […]

‘US buy-in required if EU is to succeed in stamping out tax avoidance’

Commenting on the news that the EU is set to establish a tax avoidance committee, Ben Jones, tax partner at law firm Eversheds, says: “The EU has become increasingly active on the issue of multinational taxation over the last couple of years, following the wider international actions being proposed by the OECD to modernise the system […]

newspapers

News Corp deputy general counsel David Pitofsky promoted to top job

News Corp has named deputy general counsel David Pitofsky as its new general counsel and chief compliance officer. Pitofsky replaces 21st Century Fox general counsel and chief compliance officer Gerson Zweifach, who was appointed as interim general counsel of News Corp in June 2013 when the media business split off from its parent.  Zweifach will […]

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