Search Results for: legal
Freshfields outpaces Magic Circle with 6.6 per cent revenue increase
July 11th, 2016
Freshfields Bruckhaus Deringer has topped fellow Magic Circle outfits Allen & Overy and Clifford Chance with its 2015/16 growth result. Financials released by the firm yesterday show a 6.6 per cent lift in global turnover for the last financial ...
Evaluating the EU’s New Definition for Virtual Currencies
July 11th, 2016
The European Commission this week adopted a legislative proposal meant to bring virtual currency exchanges and custodian wallet providers under the scope of the EU’s Anti-Money Laundering Directive. This step should have been expected, as it has been clear that ...
Arrests in Europe and Asia for a Credit Card fraud spread into 14 European countries
July 11th, 2016
A total of 105 suspects have been arrested as the result of a complex investigation run simultaneously in Europe and Asia with the support of Europol’s European Cybercrime Centre (EC3). During the operation led against an organised criminal group ...
The Swiss Council adopts dispatch on automatic exchange of tax information with eight states and territories
July 8th, 2016
The Federal Council adopted the dispatch on the introduction of the automatic exchange of financial account information with Iceland, Norway, Guernsey, Jersey, the Isle of Man, Japan, Canada and the Republic of Korea, and submitted it to Parliament for ...
BaFin establishes a reporting platform for whistleblowers
July 8th, 2016
With effect from 2 July 2016, BaFin has established a central contact point for so-called “whistleblowers”. Whistleblowers may use this contact to report violations of supervisory provisions. Anonymity of whistleblowers will be a top priority for BaFin. Whistleblowers play an important role ...
10 questions about Brexit’s impact on the auto industry
July 7th, 2016
The shock waves from the U.K.’s historic vote to leave the EU are about to hit the global auto industry. Analysts predict that falling sales and rising costs are the most likely outcomes for automakers as Europe’s second-largest car ...
VW Will Spend $14.7 Billion to Settle emissions scandal;the largest settlement ever paid by an automaker
July 7th, 2016
Volkswagen will spend $10 billion on affected car buybacks, $4.7 billion to “mitigate pollution” in the TDI emissions settlement. The estimated cost of Volkswagen’s U.S. diesel emissions cheating just rose by half—to nearly $15 billion, the largest settlement ever paid by ...
Robots Are Taking Divorce Lawyers’ Jobs, Too
July 7th, 2016
Online tools that are cheaper than lawyers improve access to justice. Buyers and sellers on EBay use the site’s automated dispute-resolution tool to settle 60 million claims every year. Now, some countries are deploying similar technology to let people ...
KPMG first firm to appoint head of Brexit to executive leadership team
July 7th, 2016
KPMG appoints Karen Briggs ‘Head of Brexit’ to executive leadership team. Following the outcome of the UK’s recent referendum on EU membership, KPMG in the UK has appointed Karen Briggs, one of its most senior partners, to the newly ...
King & Wood Mallesons top the APAC Law Firm Index 2016; Which firms are the next in top ten
July 6th, 2016
King & Wood Mallesons and Baker & McKenzie are the firms best positioned to take advantage of fast rising legal spend in the region. Findings show that success in the region is built on local office presence combined with ...
