New European regulations that will take anonymity out of cryptocurrencies could be the nascent market’s entry into mainstream finance, with legal experts predicting that new laws will convince more businesses and investors that payment innovations like bitcoin are legitimate.
The U.K.'s anti-money laundering laws should be streamlined and strengthened to help law enforcement agencies focus on serious crime, the government’s independent legal advisers said Friday.
The Treasury said on Friday it is carrying out further consultation on its delayed plans for U.K. legislation to prevent criminals tricking savers out of millions of pounds as it gears up to introduce new rules in the fall.
Employers in southern England face spot checks in the coming weeks to determine whether they have lied to the watchdog about enrolling their staff on savings schemes, The Pensions Regulator announced on Friday.
The head of Parliament's powerful Treasury Committee has added to pressure on the government not to scrap its sweeping plans for a pensions portal, saying that a u-turn on a project designed to help millions of workers monitor their pensions would "make no sense."
Since April 2017, Baker McKenzie has closed six multinational deals worth $1 billion or more, including Servier Laboratories’ $2.4 billion purchase of Shire PLC’s oncology business and Post Holdings’ £1.4 billion ($1.8 billion) acquisition of Weetabix, keeping the firm at its long-held spot on Law360’s Global 20 list.
Draft legislation setting out how U.K. financial services regulators will be held accountable for maintaining the technical standards that stem from European Union laws will soon be ready for Parliament's inspection, according to correspondence published Thursday.
U.K. lawmakers have questioned one of Britain’s fast emerging pension “superfunds" following concerns that such funds risk overwhelming the statutory compensation body if they fail.
The European Commission told member states on Thursday to terminate redundant and outdated bilateral investment treaties with other countries in the bloc to “protect the public interest” and comply with EU law.
A major U.S. insurer has revealed it has won regulatory backing to transfer some operations out of London to a new subsidiary in Germany that will allow it to continue serving European Union clients after Britain leaves the bloc.
Banks and insurers in the U.K. must prepare for a “hard” Brexit, a senior figure at the Financial Conduct Authority warned on Thursday, a week after the government said it would not pursue a deal which offers mutual recognition for financial services.
Lawmakers are facing pressure from insurers to stage an "11th hour" intervention and rescue plans for an online pensions portal that would enable millions of workers in Britain to track their savings, amid reports that the government will ditch the project.
Cleary Gottlieb Steen & Hamilton LLP has been working hard across the globe this year, handling both sides of Disney’s massive $71.3 billion bid for 21st Century Fox and whittling down a lawsuit over the government-toppling corruption scandal at Brazil’s Petrobras to a $3 billion settlement, to earn a spot on Law360’s Global 20 list.
BLM LLP has announced that it has hired two partners specializing in the insurance and reinsurance markets to join its London office from Foran Glennon.
Government plans to ban flammable building materials after last year’s fatal Grenfell Tower fire should be extended to cover much smaller buildings, a group of U.K. lawmakers said on Wednesday, as they aligned themselves with the British insurance industry.
The U.K.'s pensions watchdog is unable to advertise for a replacement for its departing chief executive because the Department for Work and Pensions has failed to sign off the paperwork, the regulator’s chairman told lawmakers on Wednesday.
The U.K.'s antitrust watchdog warned Wednesday that it saw a lack of competition within the sector that manages £1.6 trillion ($2 trillion) of pensions, and proposed reforms to the tendering process in an attempt to make the market fairer for trustees.
The pensions minister refused to comment on Wednesday about whether the U.K. government is preparing to abandon sweeping reforms that would help millions of workers keep track of their retirement savings as he came under pressure from lawmakers.
Squire Patton Boggs LLP has maintained a cohesive team of attorneys in offices across the globe who guide billions of dollars in government infrastructure financing for projects like Dubai’s Route 2020 along with high-value initial public offerings, once again earning a spot on Law360’s Global 20 list.
Collapsed engineering firm Lagan Construction Ltd. has settled a claim against Starstone Insurance Ltd. alleging the insurer must cover the repairs for three Irish windfarms, which the builder said exposed it to costs of up to £47 million ($62.2 million).
Bermuda-based insurer Hiscox Insurance Co. is preparing to shift its cross-border contracts out of the U.K. amid concerns that companies could be breaking the law if they pay out to millions of policyholders after Britain exits the European Union.
With Britain less than a year from exiting the European Union, firms on Law360’s Global 20 have begun pushing deeper into the countries remaining in the bloc, adding offices and industry specialists in a shift that could rebalance how BigLaw works in the region.
Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.
This year, the revised Payment Services Directive takes effect in the EU, providing the legal framework for open banking, which is intended to encourage competition in the retail banking sector by enabling customers to consent to allowing third parties safe and secure access to their current accounts, says Neil Warlow of JLT Specialty.
Blockchain's growth next year is unlikely to match its 2017 growth, but 2018 may well be a much more impactful year in the blockchain and cryptocurrency space. Emerging themes and initiatives include smart contracts, state-backed cryptocurrencies and the maturation of the initial coin offering market, says Austin Mills, head of the blockchain and cryptocurrency group at Morris Manning & Martin LLP.
For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. Each stakeholder in the litigation process — judges, law firms and corporate clients — should contribute toward increasing female voices in the courtroom, says Carrie Cohen of Morrison & Foerster LLP.
This has been a year of critical mass for legal tech and a transformative year for the legal industry as a whole. We also witnessed increased collaboration between legal tech companies and more traditional players, says Nicole Moriniere of Lexoo.
In the final part of this series about the General Data Protection Regulation, attorneys at Gibson Dunn & Crutcher LLP explain the stringent restrictions placed on cross-border data transfers to countries outside of the European Union, various compliance mechanisms and penalties, and potential deviations in implementation among EU member states.
While many U.S. companies have already begun work on complying with the General Data Protection Regulation, it has such a long reach that it may encompass many organizations that would not ordinarily expect to be subject to European data privacy laws, say attorneys at Gibson Dunn & Crutcher LLP.
Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.
The upcoming divorce between the United Kingdom and the European Union will have ramifications for health, safety and personal injury claims in the U.K., as well as for U.K. residents' access to insurance while traveling in the European Economic Area, says John Hall of Tilly Bailey & Irvine LLP.
The deadline for foreign financial institutions to sign up with the U.S. Internal Revenue Service's Foreign Account Tax Compliance Act registration system came and went last month. While deregulatory and tax reform efforts in Washington could eventually change FATCA enforcement, for the time being, failure to be in compliance can have serious implications, say attorneys with Burr & Forman LLP.