I attended Practical Law’s GC Leadership Summit last week. This year’s central theme was innovation which set the scene for some interesting discussions on corporate governance, the changing role of the general counsel and approaching the GDPR and cyber challenges, amongst other things. Here’s a whistle-stop tour of some of the key messages. Continue reading
The key developments this month were the formal start of Brexit negotiations and the publication of several Brexit-related Bills in the 2017 Queen’s Speech.
From Monday, a significant number of entities that were previously outside the scope for the PSC regime have been brought within it with a very narrow time frame to create their registers and provide details to Companies House.
The Information about People with Significant Control (Amendment) Regulations 2017 were published on 23 June and, as expected, took effect from 26 June 2017.
Practical Law has published a report on the results of the survey I previously wrote about which sought to examine how in-house lawyers, and the organisations they work in, were approaching Brexit.
The report can be accessed here and is also available in PDF format.
Key items on the agenda for businesses this month include digesting the implications of the new Bills and proposals announced in the Queen’s Speech, reviewing a report on directors’ remuneration voting trends and continuing preparations for GDPR.
I wouldn’t ordinarily wish to be responsible for lawyers giving up their weekends. However, I hope I’ll be forgiven if this notice helps you out of a hole.
The final version of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 were published today and the deadline for implementation is this coming Monday (26 June 2017).
A new piece of French legislation came into force on 1st June, “The Law on Transparency, the fight against corruption and the modernisation of economic life” – also known as ‘Loi Sapin II’. With this new law comes lengthy obligations for those businesses with a presence in France.
Key developments in May included the European General Affairs Council’s authorisation of the opening of Article 50 negotiations and adoption of the first set of negotiating directives. The European Commission also published draft position papers on citizens’ rights and financial settlement, while the House of Commons Library released a briefing paper on options for the UK’s participation in EU agencies post-Brexit.
The influence of technology in disrupting the traditionally conservative legal profession and shaping our future as in-house lawyers continues its inexorable momentum forward. We’ve been highlighting this trend on this blog in the last few months (see in particular: The rise of the machines: new technology and its impact on the professions; How in-house lawyers can become “digital” lawyers; The Tech Express: time to jump on board, say lawyers; and How to identify, acquire and implement the right technology for your legal department).
The key event this month is the general election on 8 June. In-house lawyers may also be interested in new research highlighting an increase in legal cases against FTSE100 companies and the expected publication of the Taylor review on modern employment practices.