Wilde Sapte's exit rules attract French scrutiny

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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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Legal institute rejects funding warning

The Institute of Advanced Legal Studies is pushing ahead with expansion plans despite warnings from a review committee that it risks “gradual decline” unless it can source substantial new funding. The London-based institute – partly funded by City law firms – has been told to find new sources of income. The committee’s report says rapid […]

…as BP-Amoco loses solicitor after merger

A leading in-house energy lawyer has quit BP-Amoco following the multinational merger. Anna Soroko, who is taking up a new senior post at Eastern Electricity, predicts more lawyers will follow suit. She was asked to relocate from her London office to Aberdeen following last year’s u67.5bn merger of BP and Amoco – the world’s biggest. […]

In brief: White & Case

White & Case has advised on the US$1.1bn acquisition of Bank Pekao by a consortium of foreign investors. Witold Danilowicz, head of White & Case’s Warsaw office, says it is the largest foreign investment in Poland.

Property

Richard Pearlman & Co advised Citymain Investments, a company partly owned by Prestbury Group, in its acquisition of 188-213 Old Street, London, EC1. Richard Pearlman and Adam Draper advised on the deal, which is worth u23.2m, while Nabarro Nathanson acted for the vendor, Courtana Investments. Berwin Leighton acted for the purchaser’s funding source, KBC Bank […]

Zurich Commercial slashes legal panel from 100 to 1

Zurich Commercial has finally revealed its streamlined panel after cutting its legal advisers from 100 to just 16 firms. The 16 that have been retained by Zurich Commercial, which is a combination of merged insurers Eagle Star and Zurich, will be split into three groups. Those firms on the Zurich Commercial panel only are Davies […]

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