The European Securities and Markets Association (“ESMA”) has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. It has identified what it calls “questionable practices” by firms in this regard, for example, using general clauses or online pop-up “I agree” […]
EU DAC6 – Mandatory Disclosure of Reportable Cross-Border Arrangements Directive 2018/822 (DAC6) is an EU Directive requiring EU intermediaries or taxpayers to report information on certain cross-border arrangements to their local tax authorities. Our previous client updates in relation to DAC6 can be found on our website here1 and here2. In an unexpected move on 31 December 2020, […]
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All Cayman Islands persons or entities are subject to applicable Cayman Islands sanctions legislation.
On 16 December 2020, the Central Bank of Ireland issued a Dear CEO Letter to Schedule 2 Firms highlighting concerns with low levels of compliance with anti-money laundering and counter financing of terrorism obligations.
There is no doubt that enforced working from home (‘WFH’) during the early stages of the pandemic has accelerated changes in the way we work. Partly motivated by the initial response to lockdown measures, partly by a need to accommodate individual circumstances, employers and employees have had to adapt to changes in where, how and […]
We appear to have reached a global consensus that it is no longer a question of if we should regulate Big Tech but how we regulate, with a flurry of legislative proposals in Europe and legal actions in the US jostling for attention in the final weeks of 2020.
The pandemic is making employers and employees re-assess the value of the workplace. One factor, as Business Minister Paul Scully MP has pointed out, is rarely considered: are employees being subjected to domestic abuse?
At present, the holding of any auctions, including all auctions related to real estate, is regulated by Act No. 26/2000 Coll., on Public Auctions, as amended, and is subject to relatively strict conditions primarily intended to ensure that such auctions are transparent.
On 12 January 2021, UK Foreign Secretary, Dominic Raab, announced a package of measures intended to ensure that British organisations in the public and private sector are not complicit in – or profiting from – human rights violations against Uyghur Muslims in China’s Xinjiang region.
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Revived interest in Japan from certain law firms may have something to do with the Rugby World Cup.
Kirkland & Ellis and Simpson Thacher are expected to deliver another strong set of results in coming weeks.
Boutiques are now looking like a particularly attractive option.
Firms must once again turn their attentions towards servicing current clients for a lower cost.
The world is becoming a more open place to travel based on the Henley Passport Index.
In recent months there has been a glut of senior associate hires.
Addleshaw Goddard has recruited a corporate lawyer from Allen & Overy as its new head of corporate governance, as firms look to advise FTSE clients on matters such as ESG and compliance. A&O counsel Jaya Gupta has joined Addleshaws as a partner in London. She joins Addleshaws to lead its corporate governance team and co-chair its […]
Pinsent Masons is preparing to unveil targets aimed at reducing its greenhouse gas emissions, after carrying out a global audit of data such as electricity usage and business travel. Consultancy giant WSP was appointed by the firm following a tender exercise last summer and has since carried out a three-month gap analysis across each of […]
Hong Kong-headquartered conglomerate CK Hutchison has expanded its group general counsel ranks with the appointment of Clifford Chance corporate partner Frank Yuen. Yuen has joined CK Hutchison Holdings as a group general counsel and head of compliance, which is a newly-created role. He will work alongside head group general counsel Valentine Tsang and a number […]
The Old Vic theatre is searching for a new GC, as Sara van der Pas prepares to leave the arts institution. She joined The Old Vic in October 2019 and will leave this March. She had previously practised at Farrer & Co, where she worked as an interim associate in the firm’s charity and community […]
Remote working is set to stay at Gateley, with a recent survey at the listed firm revealing that the percentage of staff wanting to work predominantly from home has increased. Against the expectations of CEO Rod Waldie, who anticipated a drop-off, up to 62 per cent of Gateley’s employees would now like to work from […]
A restructuring exercise carried out by listed firm Knights amounted to nearly £3m in the first half of the financial year, while revenue soared after three acquisitions. In its results, Knights said the impact of the restructuring in the cash flow was £2.9m, of which £2.4m related to redundancy costs paid. A number of support […]