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Investment management, succession planning, philanthropy: the diverse functions of the family office

Wealth is increasing exponentially among some of the world’s richest families, to the extent that, for many of these families, it makes commercial sense to have their own bespoke family office which looks after key operations and functions of the family. These services might include investment management, property management, day to day accounting and payroll […]

The limits of audit: public perceptions and legal realities

By Oliver Passmore, Alex Horsbrugh-Porter Patisserie Valerie Patisserie Valerie entered into administration at the start of this year following the discovery of fraud within the company. It is thought that inflated profit margins and sale figures and thousands of false entries in the company’s ledgers caused the company’s accounts to be overstated by approximately £94m. […]

Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market

By Joel Benjamin, Muborak Kambarova New Law on Tourism On 18 July 2019, the President of Uzbekistan signed a new Law on Tourism. The previous law dates from 1999 and has 22 articles. The new Law contains 45 articles. According to the Law, the State Committee for Tourism Development is an authorized state body in […]

Serbian Banks Embracing Digital Technologies

By Katarina Guduric, Kristina Pavlovic The rapid development of digital technology has brought FinTech to Serbia, and what is certain from the beginning is that it will substantially reshape the interaction between service providers and users. Customer demands for efficiency are about to bring various technological innovations into the industry, which will create new opportunities and accelerate further […]

The new Law on Personal Data Protection – Key Innovations and What you Need to Know

By Milica Filipovic, Sanja Spasenovic Karanović & Partners held a presentation about the new Law on Personal Data Protection on September 18 at our office premises. Senior Associates* Sanja Spasenović and Milica Filipović, lawyers with vast knowledge and experience in data protection matters in Serbia, talked about the key innovations the Law brings. This new piece of legislation stepped into force on 21 […]

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Clifford Chance fails to win judge bias claim

Clifford Chance has failed in its bid to have an arbitrator removed from a high-profile telecoms case for alleged bias. Canadian lawyer Yves Fortier had ruled against telecoms giant and Clifford Chance client AT&T in a contractual dispute with the Saudi Cable Company (SCC). SCC, represented by Freshfields, was awarded damages and costs earlier this […]

Marriage of convenience

How ironic that on the western side of Chancery Lane last week the Law Society finally gave approval for multi-disciplinary partnerships and on the eastern side Denton Hall revealed its plans to merge with Wilde Sapte. Both decisions are great indicators of the state of the profession as we approach the end of the century. […]

Berwin Leighton team quits

Berwin Leighton’s financial institutions team – including partner Michael Wilson – is defecting to Barlow Lyde & Gilbert, the leading firm in professional negligence. Wilson is leaving after 22 years. He set up the team which handles insurance claims on behalf of financial institutions and banks. Lyn Hassett, who took over as head of the […]

British Energy

Last month, British Energy breathed a sigh of relief when its five-month bid for Welsh utility Hydra’s subsidiary Swalec, the south-west retail gas and electricity supplier, was cleared by the Department of Trade and Industry. Callum McCarthy, the director general of industry regulator Electricity Supply had previously expressed concerns that the £105m takeover would give […]

Curtis Davis recruit deserts to take Lawrence Graham post

Former Herbert Smith partner Charles Baker has left specialist shipping practice Curtis Davis Garrard only eight months after joining. He returns to the City as an equity partner at Lawrence Graham’s 15-strong shipping group today (18 October). Baker joined the niche firm after Herbert Smith disbanded its shipping practice at the end of last year. […]

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