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Latest Briefings

Overseas companies and UK property – all change in 2021

By Maria Connolly At the end of July, the Draft Registration of Overseas Entities Bill was published. The intention is that, from 2021, overseas entities wanting  to deal in certain UK property will have to register in the overseas entities register (OER). Why will overseas entities have to register?

Hackitt review: Response suggests further extension of the regime

By Adrian Mansbridge As outlined in our previous articles covering what lies ahead for high rise regulation and the proposed ban on flammable cladding the legislative programme to implement the recommendations of the Hackitt review and to address broader concerns is already underway. However, as anticipated, political concerns have already led to these proposals being “beefed up”…

Use of behavioural biometrics brings privacy issues under GDPR

By Alex Towers With cybertheft and data breaches becoming an increasingly common occurrence, the need to rapidly and accurately identify fraud has driven the development of behavioural biometrics as a means to target automated attacks and suspicious transactions. However, for the technology to function, companies must amass libraries of biometric personal data to construct profiles…

Supreme Court rules a ‘right to litigate’ cannot be assigned to a third party

By Rebecca MacCann What happens if you assign your right to litigate to a person or company that is unconnected to the event that creates the right to litigate? In the recent Supreme Court case of SPV Osus Ltd v­ HSBC Institutional Trust Services (Ireland) Limited & Ors [2018] IESC 44, the Supreme Court held […]

Portugal: Fund management 2018

By Pedro Simões Coelho, Ricardo Seabra Moura and Carlos Filipe Couto How is fund management regulated in your jurisdiction? Which authorities have primary responsibility for regulating funds, fund managers and those marketing funds?

Recommended

Burges Salmon to slash jobs in major cost-cutting drive

Bristol based Burges Salmon has begun redundancy talks that will see 18 lawyers lose their jobs while trainees are being asked to put off starting their contracts by a year. Burges Salmon to slash jobs in major cost-cutting drive” />Bristol headquartered Burges Salmon has begun a redundancy consultation that will see 18 lawyers lose their […]

LTV times

In restructuring property finance, enforcement is not your only option, says Nicholas Crocker. In the current economic climate the most commonly cited cause of borrower default is breach of loan to value (LTV) covenants. It has recently been said that anyone who in the last few years bought at above 70 per cent LTV is […]

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Revealed: A&O to axe half of its leveraged finance practice

Dismal market sees banking team hit hardest after banks retreat from the leveraged arena Allen & Overy (A&O) is to drastically scale back its core leveraged finance team after a dearth of buyout activity has driven leveraged markets to an all-time low. Five partners, whose names are known to The Lawyer, will leave A&O’s leveraged […]

2

Bakers launches second redundancy round

Baker & McKenzie has launched its second London redundancy consultation in as many months, seeking to make up to 85 staff redundant. Between 20 to 30 lawyers are set to be affected, with around half of those coming from the corporate practice. Between 20 to 30 secretaries and 20 to 25 support staff positions will […]

33

DLA Piper lambasted by staff over payoffs

The scale of unrest at DLA Piper has been revealed in the minutes of a meeting between senior staff and employee representatives regarding the firm’s redundancy programme. The meeting was held shortly after the firm last month announced that it was to lose 30 lawyers and 110 support staff in the latest round of cuts. […]

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