Mayer Brown bolsters Middle East presence with new tie-up

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Time waits for no financial services institution

By Guy Wilkes Financial service firms cannot wait for the outcome of the leave negotiations before putting their restructuring plans into effect After the initial excitement and panic following the referendum result lawyers were quick to reassure their clients that nothing had changed overnight. The Financial Conduct Authority (FCA) similarly sought to reassure people that […]

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Plastic ban on 36 major railway stations

On 22 January 2019, the National Green Tribunal, Principal Bench, New Delhi (NGT) in the case of Saloni Singh & Anr v Union of India & Ors (OA No. 141 of 2014) inter alia, directed the Railway Administration, Ministry of Railways, Government of India (Railway Administration) to develop ‘eco-smart stations’ which would serve as model […]

Summary of Guernsey Taxation

This document summarises certain key aspects of Guernsey taxation law for the calendar year 2019. Companies tax resident in Guernsey are subject to income tax on their worldwide income. A company is tax resident in Guernsey if: it is incorporated in Guernsey; it is incorporated outside of Guernsey but is “centrally managed and controlled” in […]

Leasehold market reform on a ground-breaking scale

By Karl Anders, Louise Power, Steve Nixon Walker Morris has monitored and periodically reported on the Government’s review of perceived unfairness within the leasehold market and the potential reinvigoration of commonhold as an alternative to leasehold ownership [1].  On 19 March 2019 the Housing Communities and Local Government Committee (HCLGC) published a report which offers wide-ranging and ground-breaking […]

Legislation in one minute: SIGI

By Pedro Simoes Coelho, Carlos Couto The real estate investment trusts (“SIGI”), approved by Decree-Law no. 19/2019 of January 28 (“DL 19/2019”), implemented in Portugal the Real Estate Investment Trusts . However, the national legislature allowed SIGI, in addition to the purpose of the lease, to pursue other forms of economic exploitation of immovable property. […]

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Career development

Mayer Brown promotes four in London in global round

Mayer Brown has promoted four lawyers to partnership in London as part of its 31-strong global round. The firm has promoted corporate and securities lawyer Rebecca Bothamley, tax transactions and consulting lawyer Ben Fryer, restructuring bankruptcy and insolvency lawyer Jessica Walker and real estate lawyer Iain Roberts in London. Mayer Brown’s London promotions matched those […]

money

Exclusive: Eversheds overhauls bonus structure in strategic review

Eversheds Sutherland has restructured its bonuses for lawyers to reduce the amount of chargeable hour boosts to non-partners, The Lawyer has learned. The cuts only affect lawyers in the legacy Eversheds branch of the firm – Eversheds Sutherland International (ESI) – with one source saying that people left the building in protest following the announcement. A spokesperson […]

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