The implementation of the Jointly Owned Property (Strata) Law in Dubai

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Latest Briefings

Bulgarian pension funds: New opportunities for banks to enter into repo transactions and derivatives

By Tsvetan Krumov The amendments provide new business opportunities to banks to enter into repo transactions and derivatives with Bulgarian pension funds. There are various types of private social security funds under Bulgarian law depending on the social security risks they cover. However, as the regime for derivatives and repo transactions is identical for all […]

Amsterdam District Court: Museum Map Foundation must provide data to tax authorities on museum visits

By Anke Holtland Yesterday, the Amsterdam District Court ruled in summary proceedings that the Museum Map Foundation must provide data to the tax authorities on museum visits by one specific museum card holder. What was going on? The Tax and Customs Administration demanded the information about museum visits from one specific museum card holder for the period 2014 to […]

Rules and weightings for 4th Dutch Offshore Wind tender (HKZ III&IV)

By Roland de Vlam, Redmar Damsma With the tender for the Hollandse Kust Zuid III & IV offshore wind sites in Q1 2019 rapidly approaching, potential contesters and other interested parties are awaiting the publication of the definitive version of the Ministerial Regulation holding the rules and weightings related to the tender procedure and criteria […]

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FCA publishes policy statement PS 13/1 on platform service providers and rebate payments

Following the Financial Services Authority’s (FSA) June 2012 consultation paper, the Financial Conduct Authority (FCA), assuming responsibility for publishing the rules from its predecessor, has published its policy statement addressing payments from product providers, such as fund managers, to platform service providers and consumers. In summary, platform services must be funded using charges disclosed to […]

Enhanced PIB module of the DFSA rulebook

In the good old days of financial services applications in the Dubai International Financial Centre (DIFC), a category-three financial services licence covered a multiplicity of financial services and it would have been irresponsible of any adviser to suggest that a financial services company should not apply for as many services as it could reasonably justify. […]

Manchester

Irwin Mitchell closes in on £200m turnover

Irwin Mitchell’s legal practice is closing in on the £200m revenue mark, with the firm’s commercial business generating revenues of £40m over the last financial year. The firm has restructured in recent years to reflect the fact it has ABS licences that cover legal and non-legal businesses (20 August 2012). At the 2011/12 year end […]

Conyers advises Alliance Oil Company Ltd on $500m offering of Eurobonds

Conyers Dill & Pearman has advised Alliance Oil Company Ltd on a $500m offering of Eurobonds (7.000 per cent guaranteed notes due 2020). The notes are listed on the Irish Stock Exchange. Alliance Oil Company Ltd, incorporated in Bermuda, operates as an independent oil and gas company primarily in Russia and Kazakhstan, and its shares […]

Renminbi qualified foreign institutional investors (RQFII) pilot scheme expanded

The pilot scheme for RQFII was first introduced in China in December 2011, with the aim of enabling China’s financial industry to channel overseas RMB funds into the domestic market through various RMB denominated products launched in Hong Kong (such as bond-type funds and ETFs) in furtherance of the promotion of RMB internationalisation. In March […]

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