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eBay associate GC leaves to launch boutique consultancy firm in Singapore

eBay’s Singapore-based associate general counsel Steven Liew has left the online shopping giant to set up a boutique consultancy firm aiming at problems solving for technology companies. Liew left eBay’s Singapore base last week, where he served as Asia Pacific associate general counsel and head of government relations for eight years. He is in the…

Dentons ties up with South African associate firm to launch in Cape Town

Dentons is tying up with South African associate firm KapdiTwala to launch its own offices in South Africa. KapdiTwala, which focuses on oil and gas, has been associated with Dentons since 2012. The merger gives Dentons an office in Cape Town, with the firm planning to open in Johannesburg later this year. The merger is…

HFW becomes first UK firm to relocate leader to Asia as senior partner moves to Singapore

Holman Fenwick Willan (HFW) senior partner Richard Crump has relocated permanently to Singapore in a move that underlines the firm’s ambitious plans to grow its Asia practice. Ashurst and Herbert Smith Freehills both have a UK-Asia Pacific management structure as part of their post-merger integration, but HFW is thought to be the first non-merged UK…

Taylor Wessing anoints Hamburg IP partner Meissner as new Germany chief

Taylor Wessing has elected Hamburg IP partner Andreas Meissner as its new German managing partner, following the sudden decision of Florian Ranft to step down after just one year in the job. Meissner will also take up a place on Taylor Wessing’s international management board. He takes up his new role with immediate effect. The…

Cleary, Linklaters, Freshfields advise on €40bn Lafarge Holcim merger

A mammoth team of advisors including Cleary Gottlieb Steen & Hamilton, Freshfields Bruckhaus Deringer and Linklaters has turned out to advise Lafarge and Swiss giant Holcim in their €40bn merger. Cleary Gottlieb Steen & Hamilton put up a 30-strong team for the deal, hailed as the biggest ever tie-up in the industry. It included partners…

European Commission tightens key EU corporate tax rules

The European Commission has put forward certain amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will address deficiencies in the Parent-Subsidiary Directive, which may allow the operation of structures that will benefit from reduced taxation. Companies, including Cyprus companies, will no longer be able to…

Stephenson Harwood launches City private wealth practice

Stephenson Harwood has appointed Thomas Eggar’s international and business taxation head James Quarmby to spearhead the growth of its private wealth practice. Quarmby will become the firm’s only dedicated London private wealth partner, when he begins his new role on 7 April 2014. The firm has also hired a private client senior associate, Vivienne Wild…

Bar Council apologises over 64 per cent tenancy stat gaffe

The Bar Council has issued an apology over its Bar Barometer report, released this week, which erroneously stated that the number of new tenancies had fallen by 64 per cent in a single year. The 2014 version of the annual report surveys the Bar and BPTC students on a number of factors including ethnicity and…

Herbies launches Australian secondment scheme

Herbert Smith Freehills will extend its international secondment network to cover its Australian offices, allowing trainees in London and Hong Kong to visit the jurisdiction. The firm will also start seconding young Australian lawyers to its other offices. Large London player Herbert Smith merged with Australian firm Freehills in October 2012 to create a firm…

Current status of temporary capital restrictions in the Cyprus banking system

Cyprus continues to implement a series of temporary capital restrictions measures, with the aim to support the banking sector and safeguard the stability of the Cypriot banking system. The temporary Cyprus restrictive measures were implemented through decrees issued by the Minister of Finance pursuant to the provisions of the Restrictive Measures on Transactions in case…