The UAE recently issued laws on Excise Tax (Federal Law No 7 of 2017) and VAT (Federal Law No 8 of 2017). Excise tax will be applicable in the UAE from 1 October 2017 and VAT will be applicable from 1 January 2018. Excise tax will be applicable on a limited number of commodities like …
‘It has happened to me where you serve a client, have a great book of business, and then Ernst & Young [EY] is lucky enough to win the audit work for that client,’ says EY global legal head Cornelius Grossmann, reflecting on the vagaries and rewards of providing legal services in a Big Four giant.
In recent times, we have seen the introduction of the concept of ‘cashless’ ways to pay for goods and services, offering more convenience and security benefits than traditional payment methods. There are e-wallets, retail-based digital reward exchanges, there is direct carrier billing, and there is even the ability to pre-load cash onto mobiles, wristbands and …
Is the general counsel the ringmaster managing risk effectively within their organisation, or a stage prompt waiting in the wings? These were the main discussion points of a recent panel debate before an audience of more than 40 senior in-house lawyers gathered together at Eight Members Club in Moorgate.
Picture the scene. Your trusted external law firm advised that you have a strong claim, likely to yield a significant financial upside for your business. The budget to run the claim is £2m, including adverse costs risk, but subject to possible change. The firm cannot agree to a fixed fee. They also advise that your …
If you are a chief executive, finance director or general counsel, you might have some set ideas about how lawyers charge for their work. You might also think your business has a good claim, but are reluctant to pursue it. Whether it is a lack of resource – both human and financial – or a …
Corporate clients are of course no strangers to litigation. Listening to in-house counsel talk about how they approach litigation, they will often regard it as an inevitable, if undesirable, by-product of doing business. When it arises out of their core business activity, and particularly for large organisations – banks and insurance companies, for instance – …
The government enacted the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLR 2017) on 26 June 2017. These are based on the same principles as the pre-existing rules, but contain significant changes which affect how regulated organisations must structure their anti-money laundering (AML) functions and carry out …
AdamsonJones provides intellectual property (IP) services encompassing patent, design and trade mark protection and advice in the UK, Europe and throughout the world. The firm works with an expanding list of sophisticated and demanding clients, ranging from innovative start-ups and small and medium enterprises (SMEs) to multinational corporations and internationally renowned universities. AdamsonJones also represents …
From the perspective of a GC at a major multinational, which will be the key external adviser over the next ten years, the legal firm that is top decile at attracting, motivating and retaining the best talent throughout its business? Or the institution that excels at building market-leading systems, processes and technology? Put another way: …
Recently, McDonald’s and other brands have been accused of cultural appropriation, using without permission the work of street artists in advertising campaigns in Europe. These companies will spend many millions on protecting their own brands and for McDonald’s, with a strong tradition in supporting the arts, it should have known better.
Unsettled Lloyds legal team reports to finance The legal team at Lloyds Banking Group (LBG) now reports to the bank’s finance team after the group’s latest reorganisation, which also saw the departure of chief people, legal and strategy officer and ex-Linklaters managing partner Simon Davies, after less than two years. The move has shifted responsibility …