Winter 2018

Regulators Struggle to Raise the Standard of Care for Financial Advice | Clifford Chance US LLP

On March 15, 2018, the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) in a 2-1 decision vacated the Obama-era U.S. Department of Labor’s (“DOL”) Fiduciary Rule (“Fiduciary Rule”), which responded to a historical shift from traditional pension plans to individually managed accounts, such as individual retirement accounts (“IRAs”) and 401(k)s. The Fiduciary …

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Restrictive Covenants under Turkish Law | BTS & Partners

INTRODUCTION The success of a business resides in its employees. Even the biggest corporate structures depend on its employees to conduct its business. That is why, during the course of employment employer’s valuable information that is integral to its activities such as its business models, client profiles and marketing strategies are exposed to the use …

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The Hot Topic in United States M&A – Corwin | Cravath, Swaine & Moore LLP

Introduction The general question of corporate governance can be summarized, in the context of public companies, as three interrelated questions:  who has decision-making authority; how are they constrained in the exercise of that authority; and how are they held accountable for that exercise?  In this model, the U.S. approach to corporate governance has historically been …

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For once, clients can take a lead because law firms will never crack the gender issue

It took some time for the #MeToo movement to reach the legal profession but it is here now, heralding an increasingly intense debate about the treatment of women in the profession.

Why lawyers care about machine learning

Machine learning is everywhere you look, from customer service virtual agents to round-the-clock patient care in hospitals.

Significant matters – Winter 2018

Carillion collapse threatens legal arm The future of Carillion Advice Services (CAS) is uncertain after the collapse of its parent, construction giant Carillion, in one of the largest UK insolvencies for years. The Wolverhampton-headquartered company filed for liquidation in January after talks with its creditors and the government failed to reach a deal on Carillion’s …

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Rushad Abadan, Standard Life Aberdeen

Rushad Abadan always knew what he wanted to do with his life. ‘I always fancied the idea of being a lawyer, even at school. I was one of those people who was very clear about their career path early on. Happily for me it worked out.’

Neil Murrin, trainline

The train puns were inevitable, but it took longer than expected. Towards the end of my conversation with the general counsel of online ticket retailer trainline, Neil Murrin, he says: ‘It’s a matter of getting people to join us on that journey.’ And adds: ‘Getting people on the right track and all that.’

The emerging skills that will equip the best lawyers of the future

My guess is that a law firm partner or general counsel might have the opportunity for around 100 high-value conversations every year in their professional life. That is 100 out of the roughly 10,000 conversations the average adult will have each year. What do I mean by high value? A career-enhancing conversation that transforms a …

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Does the technological revolution affect the procurement, construction and operation of data centres? | Bird & Bird

Data centres are increasingly key to the transaction of business all over the world, with more and more companies relying on remote hosting for their IT systems.

Real estate of the union

As Donald Trump once said, ‘real estate is always good’. Nearly $700bn changed hands in the commercial real estate market last year, proving that in times of uncertainty the safe money is on bricks and mortar. Brexit aside, London was seen as the safest bet of all, attracting over $23bn of new investment – $10bn …

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Dealing with residential tenancies in Scotland | Brodies

Dealing with residential tenancies has taken on a new meaning in Scotland. On 1 December 2017, the private residential tenancy (PRT) became the new residential tenancy for Scotland and, from 31 January 2018, letting agents of residential dwellings have to comply with a new code of practice and apply to be registered in the mandatory …

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