Directive 2015/2366/EC, known as the recast Payment Services Directive (PSD2), entered into force on 12.01.2016 and requires Member States to ensure compliance with its provisions by 13.01.2018. According to its Preamble, the PSD2 seeks to achieve alignment with the developments in the market and the emergence of new technologies and types of payment services, to …
A is for award! It is essential to start with the end result in mind; the purpose of any arbitration is to secure an award that you can ratify and enforce against the respondent’s assets. An unenforceable award is worthless and unfortunately in the Gulf you have a greater chance of ending up in this …
Third-party due diligence systems are receiving renewed interest in Turkey. An increasing number of companies are adopting compliance programs to create an ecosystem of compliance for both antitrust and anticorruption issues. The companies are opting to invest in these systems due to active local authorities, increasing digitalisation, and to have an adequate control on compliance …
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It has been ten years since the Legal Services Act gained Royal Assent, ushering in the most liberal services market in the world by some margin. Given that span of time, and the five years since the most radical elements of the act came into force with the regime for alternative business structures (ABS), it …
Continue reading “The Legal Services Act ten years on – still waiting for the Big Bang”
The discovery of serious criminal conduct within an organisation can be catastrophic and at the very least present a major distraction from the company’s core business.
National Grid renews roster National Grid, which carried out its last full panel review in 2015, has reappointed 12 firms to its roster including Norton Rose Fulbright, Addleshaw Goddard, Irwin Mitchell and Herbert Smith Freehills. These firms, which were newly appointed in 2015, join CMS Cameron McKenna Nabarro Olswang, DLA Piper, Eversheds Sutherland, Linklaters, Berwin …
Today, it is a question of when and not if a cyber security breach will occur in your business. Every organisation needs to be aware of the risks and how to react when a breach occurs.
Unusually for the current UK and Ireland general counsel of Swiss multinational and famed KitKat creator Nestlé, Mark Maurice-Jones’ career started in teaching. Armed with a chemical engineering degree from the University of Cambridge that he was unsure how to utilise, Maurice-Jones opted for a year-and-a-half-long stint in Hong Kong teaching maths, physics and chemistry. …
Internal investigations and public enforcement actions pose significant legal challenges for companies. The inherent multidisciplinary nature of the most frequent issues, which requires an in-depth knowledge not only of the laws and regulations of the relevant industry, but also of criminal, corporate, contract, data protection and labour law (often in more than one jurisdiction), increases …
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Look out law schools, there is a disrupter in town. Naturally, that town is Silicon Valley, the home of innovation. And the innovator in question is University of California Berkeley, which includes a leading US law school, renowned for its prowess in technology and IP.
In recent years the size of the administrative fines imposed by the Central Bank of Ireland (CBI) in enforcement cases has significantly increased. This article gives an overview of the CBI’s enforcement regime, including the compulsory information gathering-powers that the CBI has at its disposal and the scenarios in which these powers could be used …
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A key session of the Commercial Litigation Summit tackled aspects of global investigations from an in-house and external adviser perspective. Clifford Chance partner Judith Seddon began by looking at deferred prosecution agreements (DPAs) and self-reporting. She posed the question: ‘How effective are DPAs in changing corporate behaviour? From a corporate-governance perspective, does the failure-to-prevent offence …