Shearman appoints Euro finance head

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

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Cohen milstein mulls equitable life action

Class action firm Cohen ­Milstein Hausfeld & Toll is considering launching legal ­proceedings on behalf of a ­million Equitable Life policyholders after the parliamentary ombudsman Ann Abraham urged the Government to ­compensate them for losses incurred after Equitable almost collapsed eight years ago. Cohen Milstein’s decision to pursue the case comes after the Treasury launched […]

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Microsoft panel firms to earn diversity bonuses

Microsoft has introduced a pioneering ­financial bonus scheme to reward its 17 panel firms for hitting diversity targets. The IT giant has rolled out a new initiative that will see panel firms such as Simpson Thacher & Bartlett and Sullivan & Cromwell opt in to one of two systems. These will see firms receive a […]

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Where there’s a will

A recent ruling by the Royal Court of Guernsey has modified the law governing guardianship, ushering in a quasi-statutory wills regime in the process. This recent case dealt with by Royal Court of Guernsey ­dramatically changed the law of Guernsey in relation to guardianship. The case related to whether the assets of a Guernsey-­domiciled person […]

Turners and Ottaways set merger date

St Albans firms Turner & Debenhams and Ottaways will merge on 1 September to create a firm with a combined turnover of around £8m. The new firm will be called ­Debenhams Ottaway and will comprise 17 partners and 120 staff. The firm will move into Turners’ current offices.

Dewey & LeBoeuf Paris trio go it alone as French legal market switches focus

Three former lawyers from Dewey & LeBoeuf’s French office have broken away to form a dispute resolution boutique during a period of intense activity in the French legal market. Olivier Laude, who was co-managing partner of Dewey & LeBoeuf’s Paris office, has set up the firm with former associates Richard Esquier and Victor Champey. Laude […]

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