Latest news and analysis from Litigation Tracker, including In Court this Week and Judgments of Note.
Following the introduction of the Economic Substance (Companies and Limited Partnerships) Act, 2018 and the passing of the deadline for the first filings thereunder to be made by BVI entities, the BVI International Tax Authority (ITA) has now begun making targeted audit requests to verify the “relevant activities” carried out by BVI entities which have made their mandated economic substance filings.
Further to our recent Alert in respect of the upcoming deadline for filing Fund Annual Return Forms, please note that the Cayman Islands Monetary Authority (CIMA) has extended the filing deadline and issued a notice in respect of an additional form which is required to capture information on “related fund entities”.
The idea of divorce often still conjures images of warring spouses and courtroom showdowns. However, although almost all separations will be emotional, bitter fights over finances and access to children are not the inevitable outcome of a separation and there is a growing trend for parties to turn to services which offer a less combative approach to separations. Take Bill and Melinda Gates for example, they are the latest high-profile pairing to divorce with seemingly minimal fallout.
On 9 July 2021, the Data Protection Act, 2021 (the DPA) came into force in the British Virgin Islands. The DPA applies to all BVI companies, limited partnerships and other entities that process, have control over or authorise, the processing of, personal data anywhere in the world.
In the Matter of the X Trusts  SC (Bda) 72 Civ (7 September 2021)
Under article 24 of Law 6/2006 of 27 February, which approved the New Urban Renting Rules, and article 11(5) of Decree-Law 294/2009 of 13 October, which approved the New Rural Renting Rules, the National Statistics Institute is responsible for calculating the annual rent update coefficient applicable to urban and rural leases. This coefficient must then be published in a notice appearing in the official gazette, Diário da República, no later than 30 October of each year.
At the end of this month, court fees are increasing. The change is the result of a consultation led by the Ministry of Justice earlier in the year which considered whether court fees should be increased by inflation.
Much of the focus as we start to glimpse the post-pandemic future has rightly been workplace culture, flexible working and the acceleration of digital change. However, it is also worth focusing on the last 18 months as a crisis management case study for HR teams.
In summer 2021 the European Banking Authority published Draft Guidelines on the limited network exemption under the Payment Service Directive 2 for consultation. The Draft Guidelines are meant to foster supervisory convergence amongst the EU’s national competent regulators.
Whether they like it or not, energy regulators are the new gatekeepers of the technology shift that is needed to meet Canada’s carbon reduction goals. This will require significant and near-term changes to the construct under which Canada’s utilities have traditionally been regulated. Traditional regulation doesn’t incent utilities to retire technology simply because something better has come along. Should regulation transition from “used and useful” to “better”? Join Gowling WLG for the first 2021 roundtable in the Energy Innovators Roundtable series.
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More than half of Top 50 firms have introduced agile working policies, ending the 9-5 for good
Revenues are up across the board, as is net profit and equity partner pay packets. The Lawyer UK200 is out.
A spending bonanza beckons as firms’ bank balances boom
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The city-state has been Asia’s most-active lateral hiring market over the last five years, with disputes and finance lawyers the driving force
NRF’s Newcastle office has major implications for its global profitability
After two exits in a fortnight from its City office, Mishcon de Reya has added a real estate finance partner to its ranks from Reed Smith. Francisca Sepúlveda’s switch to Mishcon comes two weeks after the firm lost real estate partner Omega Poole and international arbitration head Karel Daele. Sepúlveda’s practice focuses primarily on real […]
Goodwin has upped its trainee salaries to just above those of the magic circle, The Lawyer understands, with a rise of 13 per cent. The US firm’s London offering will now offer its first-year trainees a salary of £52,000 compared to £46,000. This is a rise of just over 13 per cent, while second-years are […]
Vodafone UK has named a former Eversheds Sutherland litigator as its new general counsel following the recent departure of Helen Lamprell. Andy Yorston will be taking the reins as of 1 October after being promoted from head of legal. He previously led the company’s compliance department during his 11 years at Vodafone. Lamprell’s exit was […]
Linklaters has increased its newly-qualified lawyer salaries once again, making it the highest-paying firm at this level across the magic circle. The rate for NQs has now hit £107,500 with a discretionary performance bonus. It marks the second rise since last July when the firm confirmed it would be increasing its newly-qualified solicitor salaries in […]
Dentons has picked up two practice managers (PMs) from Allen & Overy and Hogan Lovells, as part of a wider management reshuffle. A&O’s former senior finance manager Kate Jansen will join as practice manager for Dentons’ banking and finance division, while Hogan Lovells’ former senior business improvement manager James Markham will take on the same […]
Clyde & Co will face a trial over breach of duty allegations made against the firm, after the High Court only partially struck out an £18.7m claim brought by two self-storage businesses. This was confirmed in a recent ruling from HH Judge Davis-White QC, who released Deloitte as a defendant in the case but retained […]
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