European business leaders meet UK PM to demand Brexit progress in next two weeks

European business leaders meet UK PM to demand Brexit progress in next two weeks

European business leaders meet UK PM to demand Brexit progress in next two weeks

A delegation of Europe’s business leaders has warned the UK prime minister that the country’s economic stability will be at risk if its government fails to commit to a divorce settlement with the European Union within the next two weeks. In a meeting yesterday between Theresa May and European business representatives, led by BusinessEurope, the UK prime minister heard how…

South African M&A conditions set to improve

South African M&A conditions set to improve

South African M&A conditions set to improve

Conditions for deal activity in South Africa are predicted to improve in 2018, but this will depend on political and economic conditions in the country in the next two years, according to the latest report from Baker McKenzie. In its third edition of the Global Transactions Forecast, the law firm states that the easing of key economic and political risks…

GDPR to bring ‘wave’ of litigation, finds DAC Beachcroft research

GDPR to bring ‘wave’ of litigation, finds DAC Beachcroft research

GDPR to bring ‘wave’ of litigation, finds DAC Beachcroft research

Companies that store personal data face a “wave” of litigation for data breaches under the General Data Protection Regulation (GDPR), in addition to regulatory fines, according to an 18-month long research project by DAC Beachcroft. In a survey of data protection experts across the 28 EU member states, DAC Beachcroft found that more than 80% of EU jurisdictions are braced…

Transparency International criticises UK’s anti-money laundering controls

Transparency International criticises UK’s anti-money laundering controls

Transparency International criticises UK’s anti-money laundering controls

The UK has been labelled a “destination of choice for those seeking to hide illicit wealth” by Transparency International UK, which warns that the country’s anti-money laundering controls are “woefully inadequate”. In an analysis of 52 cases of global corruption and money laundering worth up to £80bn, Transparency International identified links to 766 UK “shell” companies, with half of the…

Motor vehicle recalls set for record year in Europe

Motor vehicle recalls set for record year in Europe

Motor vehicle recalls set for record year in Europe

Motor vehicle recalls in Europe increased by 11% in the third quarter of this year to 114, according to RAPEX figures, making it the second highest period in RAPEX history. Some 59% of the recalls were for passenger vehicles, the numbers highlighted in Stericycle Expert Solutions’ European Recall and Notification Index show. Motor recalls in the third quarter take the…

CBI warns time running out for Brexit decisions

CBI warns time running out for Brexit decisions

CBI warns time running out for Brexit decisions

Time is running out for companies to make Brexit decisions, according to a survey by the Confederation of British Industry (CBI), which has urged business and politicians to unite so negotiations can move forward and, as a matter of urgency, transitional arrangements can be finalised. New research presented to the CBI’s annual conference yesterday reveals that 60% of UK businesses…

EU countries to declare cyberattacks as act of war: report

EU countries to declare cyberattacks as act of war: report

EU countries to declare cyberattacks as act of war: report

European Union (EU) countries are just weeks away from invoking an agreement to declare cyberattacks from other nations as an act of war, according to a report from UK newspaper the Daily Telegraph. It has seen a draft document that warns countries including North Korea and Russia against using cyber espionage and hackers on EU member states. The Framework on…

CII calls on insurers to rise to new gender pay gap rules

CII calls on insurers to rise to new gender pay gap rules

CII calls on insurers to rise to new gender pay gap rules

UK insurance body the Chartered Insurance Institute (CII) has issued a “call to action”, urging its members to publish gender pay gap statistics in advance of new mandatory requirements that come into force for all companies with more than 250 employees across all sectors next April. The new rules will apply to all UK companies that meet their criteria, but…

New Tanzanian mining law creates new risks and challenges

New Tanzanian mining law creates new risks and challenges

New Tanzanian mining law creates new risks and challenges

Earlier this year, the new Tanzanian government passed mining legislation aimed at what it described as safeguarding the nation against international exploitation of its mineral resources. These amendments to the Mining Act 2010 have resulted in the government being entitled to own (at the very least) a stake in mining projects operating in the country, as well as expansive powers to renegotiate…

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