New outsourcing rules for banks, securities dealers and insurers

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Related briefings

Swiss Lower House approves corporate tax reform

By Maurus Winzap, Robert Desax On 12 September 2018, the Swiss National Council (Lower House– Nationalrat – Conseil national) approved the revised version for a corporate tax reform (“Tax Proposal 17”). It is based on the Government’s proposal issued in March 2017 and on the version negotiated in the Upper House (Ständerat – Conseil des États) in […]

Developments in the Swiss securitisation market in 2017-18

By Lukas Wyss In July 2017, BMW (Schweiz) AG closed a new public Swiss auto lease ABS transaction. The transaction features the issuance of €325m Class A Floating Rate Notes via BMW’s Luxembourg platform Bavarian Sky Europe S.A. (acting in respect of its Compartment Swiss Auto Leases 2). This was one of the first Swiss public […]

FONES publishes Minimum Standard for Improving ICT Resilience

By Jürg Schneider, Hugh Reeves On 27 August 2018 the Federal Office for National Economic Supply (FONES) published the Minimum Standard for Improving ICT Resilience (minimum ICT standard), together with a self-assessment tool. Compliance with this standard should allow organisations to successfully fend off cyberattacks and mitigate cyber-risks. The minimum ICT standard primarily targets critical infrastructure providers […]

The International debt capital market handbook 2019

By Lukas Wyss, Walder Wyss Ltd. The legislative process towards passing the new FinSA and FinIA kicked off in November 2015. The FinSA and FinIA will create uniform competitive conditions for financial intermediaries and improve client protection. The acts shall further promote competitiveness of the Swiss financial centre and, by creating a level playing field, competitive […]

Switzerland maintains its globally leading position in international arbitration

By Michael Feit Switzerland has a long-standing tradition to serve as the seat for international disputes. Thanks to its very arbitration friendly legal framework, and overall encouraging factors such as Switzerland’s neutrality, stability and business-friendly environment, Switzerland has remained a top choice for international arbitration for parties from all over the world…

Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third-party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Data protection: sunset of £500k, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information – CoA

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

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Shoosmiths hires Tara McInnes

Senior associate Tara (previously a partner at Gardner Leader Solicitors) is a full member of the Association of Contentious Trusts and Probate Specialists (ACTAPS) and brings a wealth of experience as well as significant expertise in civil litigation concerning estates worth several million pounds.

Gowling WLG reappointed to Pension Protection Fund panel

The Pension Protection Fund (PPF) has announced the appointment of its new legal panel, with international law firm Gowling WLG among a reshaped panel of six leading firms. The announcement marks the conclusion of a six month procurement process that has reduced the PPF’s legal panel down from 23 firms. Gowling WLG has retained its place […]

Khaitan & Co advises Spectro Analytical Labs on sale of 60% stake

Khaitan & Co advised Spectro Analytical Labs Limited (Spectro) and its promoters on the sale of 60% stake in Spectro to Eurofins Environment Testing Lux Holding SARL (Eurofins) and allotment of 100% preference share capital of Spectro to Eurofins. The consideration for the sale and allotment of shares to Eurofins. Anand Mehta (Partner), Aayush Misra […]

Conyers names COO

Conyers has named Paul Naylor as Chief Operating Officer. Paul will assume the role on 1 April, succeeding Stephen DeSilva who is set to retire on 31 March, after more than 25 years with the firm. Paul has extensive experience in operational roles. Prior to joining Conyers, he worked at Linklaters for over 10 years, […]

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