What is the status of an adjudicator’s decision, in the period following the decision but before a judgment by a court or an award by an arbitrator? Just how ‘binding’ is it? What (if any) effect does a decision have upon the burden of proof in later proceedings? This was just one of the issues […]
By Guido Vinci and Leonardo Homsy Confirming recent rumours, Valor Econômico — Brazil’s leading newspaper covering developments in the economy, finance and business — reported that the Internal Revenue Service (Receita Federal) is indeed preparing new regulations to require foreign web-based companies to invoice locally and pay local taxes. A preliminary government study revealed that many […]
Deferred prosecution agreements (DPAs), the government’s newest weapon in the fight against corporate crime, became available to prosecutors from 24 February 2014. They will widen the scope for enforcement against companies and corporate entities involved in fraud, money laundering, bribery and corruption. On 14 February 2014, the director of the Serious Fraud Office and the […]
The European Securities and Markets Authority (ESMA) has written to the European Commission requesting that the definition of ‘derivative’ or ‘derivative contract’ in Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR) is clarified. This is to ensure that EMIR is applied in a consistent manner in all member states of […]
A trio of partners have quit Berwin Leighton Paisner (BLP) to join DLA Piper, in the latest in a stream of departures from the firm. Real estate finance head Laurence Rogers, corporate tax partner Neville Wright and real estate partner Richard Hopkinson-Woolley have all jumped ship for DLA Piper’s real estate team. The exits follow […]
DLA Piper’s global revenue inched up by 1.7 per cent for the 2013 calendar year, rising to $2.48bn (£1.56bn). The results follow an increase of more than 8 per cent between 2011 and 2012, to $2.44bn (£1.55bn) (7 February 2013). Having stayed relatively static in 2012, revenue per lawyer increased 3.3 per cent from $605,000 […]
A raft of ten firms including Clifford Chance, Norton Rose Fulbright and Burges Salmon, have been appointed to the UK Green Investment Bank’s (GIB’s) first-ever formal legal panel. Linklaters, Slaughter and May, Allen & Overy, King & Wood Mallesons SJ Berwin, Pinsent Masons and Burges Salmon also won spots, alongside Scottish firms Maclay Murray Spens […]
Today is a less than entirely happy Friday for Herbert Smith Freehills (HSF). The announcement by Singapore’s Ministry of Law this morning confirmed that the firm would no longer be able to practise permitted areas of Singaporean law from the end of October this year. Herbies is the only one of the six firms that […]
Hogan Lovells UK boss Susan Bright on why the firm is no investment laggard. Partners from legacy firms Hogan & Hartson and Lovells can finally pop those corks. After three years of underwhelming financial growth, the firm yesterday (27 February) posted record global turnover and a 4.5 per cent London revenue increase (27 February 2014). […]
Being appointed a QC is the pinnacle of many barristers’ careers. There are 100 new silks this year and five of them are solicitors. That number may be creeping up, but female representation has not Silk round 2014: 100 promoted to QC but female representation stalls at 18 per cent QC appointments slip to all […]
Allen & Overy (A&O), Clifford Chance, Latham & Watkins, Norton Rose Fulbright and White & Case have successfully renewed their Qualifying Foreign Law Practice (QFLP) licences in Singapore, while Herbert Smith Freehills (HSF) has decided not to re-apply. Singapore’s Ministry of Law (MinLaw) today announced the highly anticipated results of the renewal process to extend […]
Eversheds, Forsters and Gordons are among the 170 firms to score places on Santander’s corporate and commercial banking legal panel, which includes 47 new panel members. Stevens & Bolton, Muckle and Dorset firm Steele Raymond were also alerted yesterday (27 February) that they had been appointed to the panel, which is reviewed annually. The corporate […]