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Latest Briefings

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

Robert Tchenguiz abandons claims against Grant Thornton

On day 4 of the trial, Robert Tchenguiz and the other Claimants have abandoned all claims against Grant Thornton in t long-running litigation which the Claimants commenced in August 2015. In the claims, which have been widely reported in the press, Mr Tchenguiz and associated Claimant companies allege that two Grant Thornton partners had conspired […]

Q&A – Luxembourg Securities Law joins the blockchain age

What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to embrace and […]

Serbia introduces new corporate tax measures

Serbia signed a Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”). The MLI should prevent the abuse of domestic tax laws and double taxation treaties (“DTT”), and its provisions shall be accordingly incorporated into the current DTT signed by Serbia. Serbia has also signed a double tax […]

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Africa

DLA appoints new Africa head amid strategy relaunch

DLA Piper has implemented a new Swiss verein structure across the 19 offices in its Africa network and has appointed a new head to oversee the firm’s strategy in the region, The Lawyer can reveal. The firm made the governance change to a Swiss verein in December 2017 to “increase the levels of connection, governance […]

Lehman

Litigation heavyweights act on Lehman Brothers administration costs battle

Freshfields Bruckhaus Deringer, Linklaters, Cleary Gottlieb Steen & Hamilton and Kirkland & Ellis are among the firms to have advised on a legal costs dispute between creditors of the Lehman Brothers International collapse. The full line-up of law firms includes Ropes & Gray, Morrison & Foerster and Michelmores. Lehman Brothers creditor Wentworth Sons argued that […]

tokyo

Clifford Chance continues Asia shakeup with new Tokyo heads

Clifford Chance has announced its second major managerial change in the firm’s Tokyo office in a month with the appointment of co-managing partners Reiko Sakimura and Leng-Fong Lai. Capital markets partner Sakimura and structured finance partner Lai will replace current office managing partner Eiichi Kanda effective from tomorrow (1 May) as the firm says Kanda […]

abu dhabi

A&O turns to Clydes over claim from former banking client

Allen & Overy (A&O) is facing a claim from former client the Abu Dhabi Islamic Bank (ADIB) over the firm’s advice on a previous deal. The claim will be heard in the Dubai International Financial Centre (DIFC)’s court of first instance. ADIB filed its claim in early February and is expected to be heard on […]

New technologies for business

Mishcon picks five startups in second round for tech incubator

Mishcon de Reya has selected five new startups for its tech incubator programme MDR LAB, launching its second round today. The firm has opted to provide legal advice, mentorship and education to two companies based in the UK, two in the US and one in Israel. The companies are real estate startup ThirdFort, collaboration tool […]

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