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Latest Briefings

Guernsey’s Handbook on Countering Financial Crime and Terrorist Financing revised

On 12 March 2019, the Guernsey Financial Services Commission (GFSC) published the final version of the revised Handbook on Countering Financial Crime and Terrorist Financing(the Handbook). The revisions to the rules and guidance in the Handbook, together with the revised legislation (the new Schedule 3 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, […]

Activities requiring data protection impact assessment under Luxembourg law

By Anne-Gaëlle Delabye, Bertrand Géradin, Tara Kapur The Luxembourg National Data Protection Commission (Commission nationale pour la protection des données, CNPD) has published a list of processing operations which require a mandatory data protection impact assessment in accordance with article 35 of the General Data Protection Regulation (GDPR). What is a data protection impact assessment […]

New property transfer tax law

By Branimir Rajšić As of 1 January 2019, a new Property Transfer Tax Law is applicable for the transfer of property in the capital of Bosnia and Herzegovina, Sarajevo, and the entire Sarajevo Canton (published in the Official Gazette of the Sarajevo Canton no. 28/18). The new law regulates tax issues on real estate transfers, as well […]

Contribution regulation for company managers

By Branimir Rajšić Under the new Contributions Act, mandatory insurance now covers management board members, executive directors and liquidators in companies, unless they have mandatory insurance on another basis. When appointed to those functions (even when not employed), they are obliged to pay contributions on a monthly basis. This obligation includes contributions for pension insurance […]

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Clifford Chance adds Grimaldi to its empire

Clifford Chance is set to merge with long-time Italian joint venture partner Grimaldi e Associati after a series of tense negotiations concerned with profit integration. The 24-partner Italian firm has been allied to Clifford Chance since 1993. “The business has been fantastically successful, but with any joint venture there comes a point when it has […]

WestLb/British Land

This joint venture with British Land marks a new departure for WestLB in the UK property market. The German bank is used to making loans into property companies, but this is its first experience of taking on equity as well as debt risk. The joint venture was funded by a £265m loan from West LB […]

Olswang's IP practice gets partner boost

Olswang has recruited a new partner to its intellectual property (IP) practice. Kim Walker joins the firm from Biddle, where he was head of the media department. Andrew Inglis, head of Olswang’s IP practice, which employs 22 lawyers, including four partners, explains that the appointment is to meet current market demands. He says: “The commercial […]

Pillars Property

Pillar Property and Teachers Insurance and Annuity Association of America (TIAA) in joint venture to buy Cannon Bridge offices. Pillar Property advised by Gouldens (Tom Budd, Liz Saxton). TIAA advised by Linklaters & Alliance (Fiona Rice). Senior debt provider Westdeutsche ImmobilienBank advised by Travers Smith Braithwaite (Neil Murray).

Minter Ellison merges with top Western Australian firm

Sydney firm Minter Ellison is taking over Western Australia practice Edwards Thompson. Minters has had a two-year strategic alliance with the Perth practice, but the two firms have decided to take their relationship further. London partner Robert Hanley views it as “the logical next step”. Edwards Thompson specialises in resources, mining, energy and property. Minter’s […]

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