Practical guides on avoiding a referral to the JFSC

With the JFSC taking – and wanting to be seen to be taking – an increasingly robust approach, many regulated firms are looking for clear guidance on how best to understand and implement increasingly complex regulatory requirements.

Related briefings

Restructuring and corporate recovery: an outlook for 2021

As financial support is withdrawn, restructuring, insolvency and corporate recovery practitioners will likely see a spike in activity, and offshore firms in the Channel Islands are braced for an increase in demand from clients.

Appealing civil judgments in Guernsey

This snapshot outlines the process and grounds upon which an appeal can be made in respect of a civil judgment by the Royal Court of Guernsey. It also mentions recent developments in appealing judgments of the Guernsey Court of Appeal to the Judicial Committee of the Privy Council.

Annual return reporting requirements for certain BVI licensees

The BVI Financial Services Commission (FSC) has introduced new annual return reporting requirements for certain categories of licensees, including trust companies, investment managers/ investment advisors and fund administrators.

Latest Briefings

AI – Commission publishes new legal framework

I wrote last autumn about the European Parliament’s approval of proposals for the regulation of artificial intelligence (AI), and the European Commission has now decisively picked up the legislative baton, publishing its comprehensive framework for an AI Regulation.

Replacing the vertical agreements block exemption: approaching a year to go

On 31 May 2021, the Vertical Agreements Block Exemption Regulation (VBER), which exempts certain agreements from the EU and UK prohibitions on anti-competitive agreements, enters its final year of service before its scheduled expiry at the end of May 2022. Both the UK’s Competition and Markets Authority (CMA) and the European Commission (EC) have begun consultations on whether to replace the current instrument and its accompanying guidelines and, if so, how the replacements can tackle some of their predecessors’ shortcomings.

Tech time out – health is wealth

Neil Lloyd, managing director at law firm FBC Manby Bowdler, set up Tech Time Out with Stephanie Henson last year after noticing that a lot of noise was being made about the amount of time people were spending on tech, and certainly, COVID just made it worse.

Austria: Supreme Court rules on long-term gas supply contracts

On 25 January 2021 the Supreme Court issued a decision on long-term contracts for the import of Russian natural gas into Austria (16 Ok 3/20g). The contracts had been concluded in 2006 for the supply of unstructured natural gas. All of the contracts expired on 31 December 2027. At the time of their conclusion, such long-term commitments were common for contracts between natural gas producers and importers or wholesalers throughout Europe. The contracts contained an obligation for customers to purchase 83% of the contract volume (at least in the medium term), even if this amount was not actually taken (take-or-pay clause). In 2011 one of the buyers was granted an early termination right.

Recommended

Money dollars

Paul Hastings’ London revenue hits $108m as growth slows

Profits per partner at Paul Hastings have skyrocketed over the past year, reflecting similar results posted by its US peers. The figures went up by 14 per cent from $3.4m to $3.9m, with revenue per lawyer rising by 4 per cent to $1.38m. The revenue of the London office inched up by one per cent […]

arrows ladder rankings

Stephenson Harwood makes up City quartet

A total of eight lawyers have been promoted to partner at Stephenson Harwood this year. This includes a quartet in the City, with corporate claiming half of the London promotions. Carolyn Hall, a funds specialist, is understood to have trained at the firm, while Hewson advises on a range of outsourcing and data matters. She […]

Dentons on call for M&S in Colin the Caterpillar wrangle

Dentons is representing Marks & Spencer (M&S) in a High Court dispute with Aldi over its Colin the Caterpillar cake. An Intellectual Property claim was issued in the High Court on Monday, landing in the “passing off and trade marks” category. Dentons’ partner Anna Copeman been instructed by M&S, who is head of the firm’s […]

Take part: The Smith & Williamson Law Firm Survey 2021

The Smith & Williamson law firm survey is back for its 27th year. For decades the survey has determined what factors are having a big impact on the legal profession. This has allowed analysis to look at year-on-year trends around confidence, financial management and strategy. Last year we discovered that: Despite the pandemic, 69 per […]

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