Move of the week CMS Cameron McKenna has named Penelope Warne as its first female senior partner, replacing former managing partner Dick Tyler. Warne, who is presently the firm’s managing director for the UK and head of the energy group, begins her four-year term on 1 May 2014. She has been with CMS since 1993, […]
Legal work is on hold as the country fights it out over whether its future lies with Russia or the EU The sight of a mass demonstration against the government is nothing new in Ukraine. In 2004 the so-called Orange Revolution was sparked by allegations of vote-rigging by the winner of the presidential election, Viktor […]
As Qatar spends billions gearing up for the World Cup and a new emir orders full-scale modernisation, the case for a practice in Doha looks compelling Earlier this year the Emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, stepped down from the throne and handed power to his son, Tamim bin Hamad al-Thani. The new […]
Despite unrest in the mining sector, South Africa is likely to remain a draw for international firms wanting to get their feet on African soil Looking back, 2013 could well go down as a critical year for South Africa. The country’s international icon Nelson Mandela has died, the country’s mining sector, for so long one of […]
By Byungkwon Lim, Emilie T Hsu and Aaron J Levy Beginning early next year, market participants may be required to execute certain interest rate swaps and credit default swaps on a designated contract market (DCM) or swap execution facility (SEF), rather than entering into such swaps over the counter. This trade execution requirement does not […]
DLA Piper has released the latest version (Volume 2, No. 22) of The Financial Report. Contents Discussion and Analysis News from the Americas News from Asia and the Pacific News from Europe Global regulators US Securities and Exchange Commission developments US Commodity Futures Trading Commission developments US banking agency developments US judicial developments US exchanges […]
Watson Farley & Williams (WFW) has elected London finance partner Chris Lowe and Germany head Lothar Wegener as joint managing partners. The pair’s appointment came a few weeks after previous managing partner Michael Greville’s sudden resignation (28 November 2013). They are set to begin their joint management role from 15 January 2014. Lowe is currently […]
Legal Aid minister Shailesh Vara puts the case for Legal Aid cuts I am not going to begin by trying to claim the process of Legal Aid reform has been easy. Nor do I underestimate the challenge this presents for the legal professions. But I do strongly believe we must all strive together if we […]
In January 2013, the Cayman Islands Monetary Authority (CIMA) held a private sector consultation process regarding corporate governance for regulated entities in the Cayman Islands. In July 2013, it produced, specifically for mutual funds, a consultation paper and a draft Statement of Guidance on Corporate Governance for Mutual Funds (SoG‐MF), intended to apply to all […]
The Public Interest Disclosure Act 2013 (Cth), which establishes a new public interest disclosure scheme for the Commonwealth public sector, comes into force on 15 January 2014. By then, Commonwealth agencies should have ensured that: agency officers with functions under the act understand the nature and extent of their responsibilities; agency staff and contractors understand […]
By Sophie Wilkinson The government has acted on its plan to revoke site waste management plans (SWMPs) in England, with effect from the 1 December 2013. This is part of its ‘Red Tap Challenge’ to reduce the administrative burden on businesses. SWMPs were introduced in 2008 and were required to be in place before construction […]
The High Court has issued a stinging judgment against Clifford Chance client Excalibur, ordering it to to surrender the £17.5m it put up as security for costs to its courtroom opponents, Texas Keystone and Gulf Keystone, as an interim payment. All claims bought by Excalibur over disputed rights to oil blocks in Iraqi Kurdistan were […]