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 …
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 …
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 …
In 1995, the European Union sought to improve the protection of personal data within the EU member states through introduction of the Data Protection Directive. In May 2018, the directive will be replaced by the General Data Protection Regulation (GDPR). This regulation will give individuals greater control over how their data is used, stored and …
The growth in regulation has made compliance part of business as usual for companies and most in-house legal departments are fully occupied with the day to day.
Victoria Brett, client knowledge manager at Shoosmiths, provides a summary of some of the proposed legal changes relevant to commercial organisations anticipated in 2018. Freezing of chargeable gains indexation allowance Companies disposing of assets after 2017 will be allowed to use an indexation allowance covering only the movement in RPI from the date of acquisition …
Litigation finance is becoming an increasingly important part of the commercial litigation landscape: according to the 2017 Litigation Finance Survey conducted by Burford Capital, the number of lawyers in the US who said their firms had used litigation finance has risen 414% since 2013. Over half (54%) of UK lawyers who have not yet used …
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.
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 …
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.’
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.’
