Legal

Americas

Smart contract applications in M&A: earn-outs

This blog has previously provided an overview of how blockchain technology and smart contracts might be adapted to the legal industry. In this post, we will explore the specific example of how these technologies may be able to simplify an earn-out agreement in an M&A transaction. What are earn-outs? In an earn-out, the seller of...… Continue...

Iran Sanctions Case Stalls, Deal Possible

It's one thing when a defendant does not show up in court; it's another when the defense counsel is a no-show.In a high-profile trial in Manhattan, neither Reza Zarrab nor his lawyers appeared for jury selection. Prosecutors allege Zarrab conspired to handle hundreds of millions of dollars for Iran to avoid economic...

Judge Reprimanded for Shortening Sentences for Birth Control

Judge Sam Benningfield, of White County, Tennessee, made national headlines this spring, again over the summer, and is doing it one more time this fall. For the most part, it's all related to the same idea he had that was so wild it violated the Constitution.Benningfield, back in May, issued an order that gave inmates 30 days credit in exchange for...

Will Tweeting Hurt Your Career? Willett?

If you're a lawyer or law student that is, or is on the cusp of being, technologically savvy, then you're probably on Twitter. After all, if there's a place to show potential clients that you are cool, woke, with it, or that you can, at very least, dig it, you should probably be there. Social media is exactly the sort of place where you can do just...

eSports: new kid on the block, new opportunities in M&A

Like most people, you may not have been aware that one of the most anticipated and biggest eSports tournament, the League of Legends World Championship Finals (LoL Finals) happened just this past weekend. In comparison to its inception in 2011 where the LoL Finals attracted a little over 1.6 million viewers, the 2017 LoL Finals...… Continue reading The...

Asia Pacific

China updates New Industry Catalogue

PRC reduces regulatory procedures for foreign investments following its 2016 reforms. China creates a nationally applicable “negative list” for foreign investment, which opens up more industries for multi-national companies.Foreign Investments Filing Administrative Rules will be updated and published soon by the Ministry of Commerce to clarify...

Proposals to make free movement of data a principle of EU law expected this autumn

Ansip said proposed new EU legislation to tackle unnecessary restrictions on where data can be stored are likely to be published this autumn.The proposals will also look to make it easier for businesses to move their data between rival cloud providers and ensure that public sector bodies can access data held by authorities in another EU country to help...

New advertising standards in the UK to take tougher stance on gender stereotypes

The new standards will be drawn up by the Committee of Advertising Practice (CAP), according to a new report on gender stereotypes in advertising (64-page / 5.4MB PDF) published by the Advertising Standards Authority (ASA), the watchdog that oversees compliance with UK advertising rules.The CAP will also look to "clarify standards that reflect the ASA‘s...

BREXIT: Scottish government calls for protection of devolved powers

Minister for negotiations on Scotland’s place in Europe Michael Russell wrote to all MSPs asking them for full backing of the Scottish government's position. The move comes after the UK government published the European Union (Withdrawal) Bill on Thursday last week.Russell said the Scottish government had “serious concerns about the bill in a number...

UK government urged to avoid data transfers 'cliff edge' at point of Brexit

In a new report, a House of Lords committee warned that trade and security could be impacted if the flow of data is disrupted at the point of Brexit.To enable data to flow between the UK and EU post-Brexit, the EU Home Affairs Sub-Committee urged the UK government to seek a so-called 'adequacy' decision from the European Commission, which would recognise...

Europe

Seedrs launches programme for financial intermediaries following record breaking Q3

The programme introduces wealthy individuals to early stage equity deals on Seedrs via their accountants, brokers and financial consultantsOver £3.6bn was invested into equity deals in the UK last year showing an increased appetite for startup investing45% of angels interviewed by the UKBAA about their early stage equity investments reported...

​Lamont Pridmore warn high earners about HMRC raids

Higher rate taxpayers have been warned by leading Cumbrian accountants Lamont Pridmore to be vigilant over their tax affairs.The warning comes after new data from HM Revenue & Customs (HMRC) shows that its Affluent Unit took an additional £438 million pounds of high earners.Off the back of this success the Unit, which investigates the tax affairs of...

A Legal Perspective on the Government’s Brexit White Paper

Following pressure from sections of Parliament and the public, Theresa May’s government has published a 77-page white paper document to set out a strategy for leaving the EU. But what does it add to what we already know? Stephen Chater, a solicitor at Postlethwate Solicitors, member firm of the UK200Group, explains.The UK200Group is the UK’s leading...

​32% law firms see private equity as a principal source of external funding

With growing competition from niche firms, law practices are actively seeking targeted acquisitions to scale-up in chosen disciplines.  32% see private equity as a principal source of external funding. Niche law firms seen as greatest source of competition. 59% of firms report a rise in competitive pressure. There is a sharp increase...

​Shoosmiths continues South East expansion with partner hires

National law firm Shoosmiths has further strengthened its corporate team with the appointment of two new partners into the South East offices.Amit Nayyar joins Shoosmiths from Hogan Lovells where he was a leading corporate partner. Previous to this, Amit has held positions at White & Case and Pinsent Masons. Based out of Shoosmiths’ Milton Keynes...

Mena

The parallel market listing rules

"...The formation of an advanced financial and capital market open to the world, allowing greater funding. To this end, we will continue facilitating access to investing and trading in the stock markets. We will smooth the process of listing private Saudi companies and state-owned enterprises, including Aramco. This will require deepening liquidity...

Law Library of Congress: Global Legal Monitor

Law Library of Congress: Global Legal Monitorhttp://www.loc.gov/lawweb/servlet/lloc_news?home</link> The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national...

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Brazil: End of Age Limit for Assisted Fertilization

To link to this article, copy this persistent link:http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404623_text (Sep 24, 2015) On September 22, 2015, the Brazilian Federal Council of Medicine (Conselho Federal de Medicina, CFM), issued Resolution No. 2,121/2015 on, inter alia, eliminating the need by women over 50 years of age to obtain the consent...

European Union: Adoption of Decision to Relocate Asylum Seekers

To link to this article, copy this persistent link:http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404624_text (Sep 25, 2015) On September 22, 2015, the EU Justice and Home Affairs Council adopted a proposal, introduced by the European Commission on September 9, 2015, in response to the unprecedented influx of migrants who have sought refuge in...

International

Latest News From Who's Who Legal

Latest News From Who's Who Legalhttp://whoswholegal.com/</link> The Latest News From Who's Who Legalen-gbTue, 21 Nov 2017 20:40:00 GMT<![CDATA[Mario Barrera Vázquez joins Thompson & Knight]]>http://whoswholegal.com/news/community/article/34130/</link> Mario Barrera is now a part of Thompson & Knight’s tax practice...

Trade & Customs: Roundtable

Trade & Customs: RoundtableWho’s Who Legal brings together Daniel Moulis at Moulis Legal, Gary Horlick at Law Offices of Gary N Horlick, Christopher Kent at Cassidy Levy Kent and Anzhela Makhinova at Sayenko Kharenko to discuss issues facing trade and customs lawyers and their clients in the industry today.     How...

Confidentiality and Rights of Defence in EU Trade Defence Investigations: Transparency is Good for You

Confidentiality and Rights of Defence in EU Trade Defence Investigations: Transparency is Good for YouRenato Antonini, Jones DayRenato Antonini at Jones Day discusses the challenges faced in trade investigations when it comes to handling confidential data, and the impact it has on the interests of the parties involved. In anti-dumping, anti-subsidy...

Development of Latin America Through Foreign Trade and Investment

Development of Latin America Through Foreign Trade and InvestmentJosé Francisco Mafla and Camilo Castrill, Brigard & Urrutia AbogadosIn this article, José Francisco Mafla and Camilo Castrill at Brigard & Urrutia Abogados explore the development of trade throughout Latin America, and its effect on and importance for the region’s economic...

Canada Outlaws Facilitation Payments

Facilitation payments are no longer exempt under Canada’s Corruption of Foreign Public Officials Act.  On October 30, 2017, Global Affairs Canada, which manages diplomatic relations and promotes international trade, announced the end of the exemption.  This change was initiated in 2013 but delayed to give companies time to adjust their policies...