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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 […]

Recommended

Sidley & Austin poaches partner from rival US firm

The US qualified lawyer joined Sidley & Austin’s London office yesterday and will boost the team of US lawyers working on finance, securities and acquisition deals. Asher has had nearly 12 years experience in project and structured finance transactions, with particular emphasis on energy, telecommunications and hotel/leisure industries. The firm’s London managing partner, Drew Scott […]

PwC and Standard Chartered Bank settle claim

The bank claimed PwC gave it flawed advice when it was considering buying the United Bank of America in 1987. Standard sued and was awarded record damages of $341 million, but the ruling was overturned. Many of the charges against PwC were thrown out but Standard was allowed to put in a claim of negligent […]

Arthur Cox appoints new managing partner

McCague replaces Ian Scott who will resume practice within the firm as a partner in the industrial and commercial property department. McCague has been with Arthur Cox for ten years. The 38-partner firm has offices in Dublin, Belfast and New York. Chairman, James O’Dwyer says: “Eugene is taking over from Ian at a stage when […]

CC shifts Severs to Tokyo for attack on real estate finance

Clifford Chance is stealing a march on rivals by sending a property finance partner to Tokyo. Paul Severs is going to Japan as the firm positions itself to capitalise on an upturn in the demand for property securitisations due to new legislation. Clifford Chance claims that the move puts it ahead of rivals Allen & […]

Initial IPO

Initial public offering (IPO) of Cosmote – Mobile Telecommunications in Greece and London. Cosmote – Mobile Telecommunications, advised by Dewey Ballantine (Camille Abousleiman). Selling shareholders Hellenic Telecommunications Organisation and Telenor B Invest advised by Dewey Ballantine (Camille Abousleiman). Merrill Lynch and Salomon Brothers advised by Skadden Arps Slate Meagher & Flom.

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