16 September 2019 - 22 September 2019

18th September 2019
interest rate cut

The European Central Bank’s Latest Stimulus Package

The Story Last Thursday, the European Central Bank (ECB) cut its baseline interest rate to -0.5% and announced that it will resume its quantitative easing programme (QE), buying European government and company bonds every month from November 2019 until inflation expectations come “sufficiently close to, but below, 2%”. Impact on Businesses and Law firms  The ECB’s stimulus package comes amid concerns that the Eurozone economy is headed towards a recession: […]
18th September 2019
London Stock Exchange

The HKEX’s Unsolicited Bid to Acquire the LSEG

The Story Last week, the Hong Kong Exchanges and Clearing (HKEX) made a £32bn offer to acquire the London Stock Exchange Group. HKEX hopes to use a potential acquisition to connect Chinese capital markets with the rest of the global financial system. A successful acquisition of the LSE would make HKEX the largest exchanges operator in the world by revenues. The London Stock Exchange, which was taken unawares by the […]
18th September 2019
WeWork IPO

WeWork Shelves IPO

The Story Late on Monday, it was decided that WeWork would not pursue its seemingly imminent IPO until potentially later this year, despite there having been plans to price and list its shares as early as next week. It has been reported that the postponement is due to investors’ fears about the co-founder, CEO Adam Neumann, having too much control over the business, as well as the business’s operating losses. […]
18th September 2019

Back to Basics: The Swiss Verein

The Story Over the past decade, many of the major cross-border mergers have adopted a structure called a Swiss verein. It’s a structure that has made many firms – including DLA Piper, Dentons, Hogan Lovells, KWM, Norton Rose Fulbright – who they are today. A Swiss verein allows for rapid international expansion. Firms ‘merge’ in the sense that they combine under the same brand, however they keep the finances and […]
18th September 2019
Saudi Arabia Oil

Saudi Arabia Oil Attacks

The Story On Monday, stocks of oil companies across the USA and Asia-Pacific increased. This led to oil prices rising by nearly 20% at some point, following two drone attacks over the weekend that hit Saudi Aramco’s oil production facilities in Abqaiq (the world’s largest oil plant) and Khurais. The attacks led to Saudi Arabia suspending 5.7 million barrels of daily crude production, equating to 50% of Saudi’s oil output […]

9 September 2019 - 15 September 2019

11th September 2019
Facial Recognition

Two Decisions in Relation to GDPR and the Use of Facial Recognition Technology

The Story On the one hand, Sweden’s Data Protection Authority has issued its first GDPR fine to a local high school, for the unlawful use of facial recognition technology to monitor student attendance. On the other hand, in Britain, the High Court dismissed a case brought by a Cardiff resident who said his rights were violated by the use of facial recognition, without his permission, by the South Wales Police. […]
11th September 2019
Google ads

Google’s Anti-Trust Investigation

The Story On Monday, 50 attorneys general from US states and territories announced an investigation into Google’s “potential monopolistic behaviour”. The investigation led by Attorney General Ken Paxton from Texas, will initially assess whether Google’s control of the online advertising market has limited smaller businesses (i.e. competitors) and harming consumers as a result. The investigation has started off by Google being set a deadline of 30 days to respond to […]

2 September 2019 - 8 September 2019

4th September 2019
Collapse of high street

UK High Street Reform

The Story Struggles of the high street has been on the news in the recent years as more and more people prefer online shopping, rents soar and minimum wages rise. One in 10 shops in UK town centres are vacant and many well-known retailers like Debenhams, Office and Boots have been carrying out restructurings. In order to re-energise the high street, the High Street Fund was created in December 2018. […]
4th September 2019
Boris Johnson

The Future of HS2 and Brexit Update

1. The Future of HS2 The Story A review of HS2, the high-speed rail project, has been ordered and the project shall be given the go ahead to continue or it will be terminated by the end of this year. Boris Johnson wants to be sure that the benefits of the project will be worthwhile for the money the project is costing, which is set to far exceed the initial […]