Globe Law and Business – serie

The Association of International Petroleum Negotiators (AIPN) model form joint operating agreement (JOA) was first issued in 1990 and has undergone a number of subsequent revisions. It is the most widely-used (although not always the most liked) joint operating agreement in international conventional oil and gas projects today. This book offers a pragmatic, detailed clause-by-clause review of the most recent (2012) version of the conventional petroleum AIPN JOA. Each clause is analysed in depth by reference to: (1) a statement of what the clause says; (2) a summary of the intended meaning of the clause; and (3) observations on how the clause tends to be modified in practice and might be improved. The book also analyses the major appendices of the AIPN JOA, including the accounting procedure and the lifting procedures. This book is written by experienced practitioners who together have many years of knowledge and understanding in redrafting, negotiating and applying the AIPN JOA. It will be invaluable to legal representatives, financiers, commercial managers, operational personnel and government parties who are dealing with the AIPN JOA, whether for the first time or from a position of relative familiarity.

With an increasing number of cross-border strategic corporate reorganisations in today’s fast-changing global environment, understanding of and compliance with the latest regulations and requirements is of vital importance. To help you navigate through the various specific merger control regulations, this major new work, Global Merger Control Handbook, offers a thorough and very detailed overview of relevant local rules, methodology, process and timing requirements across over 55 jurisdictions, on a country by country basis. This comprehensive three-volume handbook, available in hardcopy as well as in electronic format, is a helpful reference guide for in-house counsel and those contemplating or often involved in M&A activities. Global Merger Control Handbook is published in co-operation with German Law Publishers.

This special report is a practical, experience-based guide to personal development at every stage of a lawyer’s career. The author draws on over 30 years as an international commercial lawyer and senior partner in a Magic Circle firm to offer a roadmap for moving from a “What’s expected of me?” mindset to self-leadership and leadership of others.The report’s main theme is that retaking autonomy and control can transform engagement and fulfilment in a legal career. Topics covered include career planning, confidence, fulfilment, wellbeing and work-life balance, building an internal support network and “trusted adviser” client relationships, communication and feedback, project management, commerciality and understanding value from the client’s perspective. It also contains a section on pre-retirement planning.The special report is above all practical and contains a wealth of tools and templates developed by the author for career planning, self appraisal and project management.

As globalisation continues apace, opportunities are arising for practitioners in trust jurisdictions that did not exist a few years ago. Growth continues in the traditional trust jurisdictions, especially in civil law jurisdictions where trusts and foundations have previously been used in a limited capacity. In parallel, the concept of the foundation has been adopted by several common law jurisdictions that, until recently, have relied exclusively on trusts – notably Jersey and Gibraltar.The fifth edition of 'Trusts in Prime Jurisdictions' has been fully updated and features a number of new chapters on topics including trust and real estate trust in Israel, what it means to be a fiduciary family office, the role of the trust protector, Islamic (Waqf) trusts, and trusts in relation to divorce. In addition, new for this edition are chapters on Germany and Bermuda. Produced in association with STEP, this edition provides a solid grounding in the use of trusts in a wide range of important jurisdictions and contexts. It also examines related topics such as trust taxation, anti-money laundering laws, the OECD initiative, CRS, exchange of information, transparency of registers and the notion that countries are entitled to collect taxes beyond their borders, among others.Written by leading professionals and recognised academics, many of whom are STEP members, the fifth edition of 'Trusts in Prime Jurisdictions' will be an essential resource for all lawyers, trust practitioners and banking professionals working in the field.

Wherever they are established, the reach, influence and impact of hedge funds on companies and economies are global in nature. Understanding the interaction of the legal and regulatory frameworks that impact on hedge fund operations has become critical for hedge fund sponsors and managers, service providers and stakeholders.In its first edition, this practical handbook outlined for the first time key trends in the global hedge fund industry. This second edition, published in conjunction with the International Bar Association (IBA), updates its content reflecting the complexity of the markets following the implementation of transparency and application of new technologies. It reviews latest structuring and governance models, as well as operational, litigation, enforcement and key regulatory initiatives in the European Union and United States. The book also features an in-depth analysis of the law and regulation of hedge funds in a number of leading jurisdictions. Each country chapter follows a detailed template for ease of reference for the reader.Written by expert hedge fund lawyers and industry service providers - from Borden Ladner Gervais, Sullivan & Cromwell and White & Case, among other leading firms - this title provides up-to-date analysis and helpful, practical tools for participants in the hedge fund industry.

As a result of Brexit, and the subsequent move by companies and organisations from London to continental European capital cities (eg. Amsterdam, Frankfurt, Paris), as well as further globalisation and analysis of referral work, international law firms have made it a strategic priority to expand their capabilities and to enter new markets. They can do so by merging with or taking over a national independent law firm, via lateral hires and/or by the onboarding of teams. Each of these strategies requires a thorough approach and methodology.Strategies for Growth in Law Firms, coordinated by Gerard Tanja and Robert van Beemen of Venturis Consulting, explores some of the crucial elements relating to international growth strategies in the legal sector: law firm mergers, market entries, the onboarding of teams, and the development of international referral strategies. It includes coverage of:•Which strategies international firms pursue with a market entry;•How they identify and assess the (potential) candidate firms;•How they ensure they hire the right teams; and•What national independent boutiques (as popular candidates) take into consideration when merging with an international firm.It provides in-depth insights, practical tools and case studies regarding the methodologies, execution and implementation of growth strategies for law firms, as well as an overview of the developments in the various international legal markets (Europe, Asia, Latin-America) and of the different international growth strategies pursued by international law firms, the Big 4 and alternative legal service providers, including the implementation of these strategies (post-merger integration).This title will be of use to both international law firms and national boutique firms in the US, UK, EU and Asia. It provides valuable guidance for managing directors, business development directors, partners and managers responsible for the development of the international network of law firms, and general counsel will also find it beneficial.

Regulation, compliance and ethics are the three common features of all well-run law firms. Without an understanding of regulatory expectations, compliance duties and ethical behaviours, a firm runs the risk of censure, adverse publicity, and client dissatisfaction.In November 2019, The SRA replaced the SRA Handbook with a new regulatory toolkit called the SRA Standards and Regulations. Solicitors and everyone working in authorised law firms are now expected to achieve the behaviours in the S & R. The second edition of Regulation, Compliance and Ethics in Law Firms has been updated to include the following:• An overview of the changes introduced by the S & R;• Commentary on the SRA Principles and the challenges of ensuring the right response in an individual's professional andprivate life;• An explanation of the two Codes of Conduct and the correct compliance response in law firms;• Updated disciplinary decisions; and• Case studies from leading practitioners and compliance experts.It is essential that law firm owners and managers acknowledge and have strategies to accommodate risk management, regulatory and legal compliance and ethical values in their business. They must also have a common understanding as to how this will be achieved. This guide is intended to provide lawyers with the language, arguments and practical solutions which are needed to make this happen.

Virtually every business is involved in advertising and marketing in one form or another. However, advertising is subject to a complex and often daunting web of law and regulation. Although in many cases there have been attempts to harmonise relevant laws, there are still significant national variations. Furthermore, in recent years digital marketing and targeting methods have changed the face of the advertising industry beyond recognition.Updated for 2020, International Advertising Law addresses the relevant law and regulations, as well as setting out practical considerations. The book covers key areas of advertising law such as local complaints procedures and enforcement, comparative advertising, influencer campaigns, sales promotions, ambush marketing, product placement, direct marketing and online behavioural advertising. The book also addresses the particular requirements in certain industries that are subject to specific advertising regulations (eg, gambling, alcohol, pharmaceuticals, financial products/services, food and tobacco/e-cigarettes).Edited by Paul Jordan, partner and head of advertising and Andrew Butcher, senior associate at UK law firm Bristows, this book includes chapters from leading experts in 30 jurisdictions. This new edition of International Advertising Law is essential reading for lawyers, in-house counsel, advertising executives and anyone else involved in the advertising/marketing industry. The book serves as an invaluable and straightforward guide to navigating these complex legal and regulatory regimes.

Is outsourcing right for your law firm?Law firms of all sizes are discovering opportunities from outsourcing some of their core operating functions that have traditionally been performed in-house. This Special Report outlines a highly firm-specific approach to identify and prioritise the components of a business case for outsourcing, as well as in-depth examinations of three representative types of outsourced services that are available to law firms:*Patent research;*Cybersecurity; and *Large-volume document review. It will examine their potential impacts on a law firm's bottom line, and the frequently encountered management challenges in a law firm's relationship with its external service provider. It concludes with a look at the future of outsourcing in the legal services industry.Edited by Norman K Clark, this report is a step-by-step guide to a well-informed outsourcing decision as well as a roadmap for implementing it in a way that produces the best return on the law firm's investment of management attention and resources. It will be of interest to anyone considering the option of outsourcing their core legal service functions, including small and mid-sized law firms, both those in general practice and specialised boutiques.

Corporate legal teams and law firms have made significant investments in their legal project management programmes over the past few years. It is time to take stock and, more importantly, envision future interventions. What are the decisive strategies and actions to expedite the value creation of those programmes?In this book, an international group of 27 experts comprising private practitioners, in-house counsel, technologists, legal operations managers and legal management consultants offer unique perspectives and insights to help you take your legal project management programmes to the next stage. Topics covered include:•Methodology;•People management;•Communication and interaction;•Data and performance; and•Implementation of legal project management programmes.Written by practitioners for practitioners, this title will benefit General Counsel, legal COOs, managing partners, practice leaders and other executives running legal services delivery teams who have initiated legal project management programmes and seek new ideas and inspiration for more value creation. Practical and illustrative examples, case studies and many shared experiences direct the reader towards the next level of proficiency in legal project management – future-proofing your matter management.

Following a relatively slow start to embrace the direct application of concepts that have revolutionised the tech and manufacturing sectors, law firms are increasingly placing ‘Agile’ – described as “the best kept management secret on the planet” – on their business development agenda. In response to Covid-19, many firms have proven their capacity for agile decision making and have accelerated their development of a more agile working model. But this requires more than digitisation and remote working.This Special Report is the essential guide for every law firm leader who wants to move beyond the reactive to the strategic adoption of proven agile principles. Being able to adapt smartly to client needs, competitor threats and employee expectations are at the core of this report, which is built around a self-assessment tool and practical framework for implementing Agile.This Special Report covers:•What is Agile and how has it been used across industries? Explores the most important uses of agile thinking and models, from those that have transformed the worlds of technology, consumer products and complex projects, to the hybrid agile working model that many law firms seek to adopt post-Covid-19;•Why Agile? Looks at where adopting agile principles in your firm will make a difference and how these ideas connect with client value, digital transformation, innovation and collaboration;•Where can we utilise Agile in law firms? Examines the different parts of a law firm and explains which agile models and tools can be used where, using legal sector case studies;•How Agile are you? Outlines a practical diagnostic for assessing your level of agility in each area of the firm; and•What next? Covers planning and implementing an agile programme, from mindset and language change to organisational design and client engagement.The report also provides examples of Agile programme outlines for law firms large and small which can be adapted depending on individual needs. In short, this report includes everything law firm leaders need to get started on their own agile journey.

This Special Report contains candid interviews with managing and senior partners of law firms large and small, from Europe and the City to the high street and Africa.We do not hear enough about running law firms from those who do the job. Here they talk frankly, free from jargon and management-speak, about their careers and what their role is really like. The interviews will cover everything from their first jobs to becoming a partner and reveal their key pieces of advice for all current and aspiring senior partners.Most lawyers have to manage others at some point in their careers and anyone with management responsibilities in a law firm of any size will gain something from the hard-won experience of these leaders.The report features interviews with, among others, Edward Braham (Freshfields, Bruckhaus Deringer), Kathleen Russ (Travers Smith), James Palmer (Herbert Smith Freehills), Rafael Fontana (Cuatrecasas), and Olayemi Anyanechi (Sefton Fross), providing readers with a variety of perspectives on running a law firm.By lawyers, for lawyers, this report from senior members of the profession tells personal stories about their pathways to the law and gives their views on clients, management, the role of lawyers in society and the issues of the day. It will provide lasting and critical insights into the profession at this time of change and disruption.

In September 2020 the UK signed its first major free trade deal as an independent country outside the EU, with Japan. This deal is viewed by the UK government as the first step in joining the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), a free trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Further, Joe Biden’s presidency is expected to result in the United States joining the partnership and, with the US and the UK, the CPTPP would be the largest free trade bloc by GDP in the world. Where there is close trade between countries regulated by a free trade agreement, there is also the need for rigorous intellectual property, in particular patent protection, especially in the pharmaceutical, biotech and telecoms sectors. Companies need to know: • that their technology will be protected;• the scope of that protection; and • how it can be enforced. In particular, this book will provide readers with a structured account of the relevant enforcement procedures and substantive patent law in each country, enabling a quick compare and contrast to be made between countries and the identification of relevant issues. In-depth country chapters featured include: US, Japan, South Korea, UK, Canada, Australia, Singapore and New Zealand.Patent Enforcement in the UK and Trans-Pacific Countries is an essential guide for private practitioners, in-house lawyers and other professionals with responsibility for intellectual property who are interested in the Trans-Pacific region.

The potential use of space for military purposes has, since the end of the Second World War, been intrinsically linked to the development of space technology and space flight. The political relevance of outer space continues to be recognised by nations, particularly the strategic benefit of Earth observation from outer space as a national security tool. However, the dual-use potential of many space applications increasingly blurs the distinction between the military and non-military uses of space. In fact, many States have openly declared their willingness to protect their space assets by military means and some have even described outer space as a war-fighting domain.Non-State entities are becoming more and more involved in outer space activities, including the use of satellites for navigation purposes, the transportation of supplies to the International Space Station and the offering of tourist flights into outer space. Private operators have significantly increased activity in the launch of satellites and in 2021 no less than three private space companies (Virgin Galactic, Blue Origin and SpaceX) conducted successful space tourist flights.Today in all space-faring countries, the space industry contributes to national GDP and supports the labour force. It also serves as a catalyst for technological advancement and productivity growth, and has become an integral part of the day-to-day lives of people around the world. Consequently, the socio-economic benefits of space technology (in particular satellite technology) have made the development of space programmes an increasing necessity for developing States.Outer space has become a congested environment. The involvement of private actors, specifically, has given rise to a number of legal issues, including questions pertaining to liability, insurance, space debris, human rights and property rights in space.To address these legal uncertainties, the existing chapters in the second edition of Outer Space Law: Legal Policy and Practice have been updated significantly and several new chapters have been added dealing with topical issues including:the regulation of satellite navigation systems, and satellite constellations;the application of human rights in outer space settlements;the exploration and colonisation of outer space; andplanetary protection.The second edition of Outer Space Law: Legal Policy and Practice remains aimed at readers looking for a single title to understand the key issues relevant to the space sector, by also emphasising the practical application of those issues. The book will be specifically relevant to legal practitioners, academics and State departments primarily working in the space arena, as well as to those in other related sectors such as IT and media, insurance and political science. Edited by Yanal Abul Failat, lawyer at the international law firm Fasken, and Professor Anél Ferreira-Snyman, a professor of law specialising in international space law at the University of South Africa, the book includes contributions by leading experts from space agencies, space venturers, lawyers, economists, insurers, academics and financiers.

Exits are the lifeblood of private equity: for private equity investors, at the top of their list of priorities when making an investment is an understanding of when and how they will realise it in due course. The methods of exiting private equity investments have developed over the years, and particularly as a result of the hyper-competitive market for quality assets and disruption caused by global macro-economic events such as the novel coronavirus pandemic.To the usual trade sales and initial public offerings (IPOs) have been added secondary, tertiary (and more) buy-outs, refinancings, partial sales, private equity house spin-outs, liquidations and an increasing number of “fund-to-fund” transfers. In these uncertain times, private equity houses will continue to put a significant focus on what options might be available to them to realise their portfolio investments, being mindful of not just the economic risks, but also the legal, tax, regulatory and reputational issues at stake. Management teams are key to this process and their economic, commercial and personal priorities cannot be underestimated in what is a very complex environment of often conflicting aspirations.This practical guide features contributions by leading specialists (including from Latham & Watkins, Linklaters, Macfarlanes and Ropes & Gray) on a range of topics linked to the exit of private equity investments. Topics featured include preparing for exits, vendor diligence, management issues, auction sales, partial exits, private equity house spin-outs, IPOs, refinancing, winding-up, tax and perspectives from Luxembourg, the US and views on the emerging markets.The third edition also includes analysis on emerging and established trends impacting exit terms, including early management liquidity, the prevalence of insurance solutions and related party or fund-to-fund exits.Together, the contributors provide an invaluable guide to the legal, regulatory, tax and practical elements in play. Whether you are a lawyer in practice or in-house, this commercially focused title will provide you with an invaluable all-round overview of private equity exits.

In-house practice is an increasingly popular career choice, both for new entrants to the profession and for individuals moving away from traditional private practice. The opportunities are exciting but the challenges of being a regulated individual in a different environment should not be underestimated.In-house counsel must be able to identify and comply with the non-negotiable regulatory and ethical duties expected of them by the Solicitors Regulation Authority. Whereas private practitioners have the benefit of safety in numbers in a team environment with common professional objectives, this is not automatically the case for in-house counsel. The latter might be used as the ethical voice or heartbeat of their organisation, but it is not uncommon for them to be regarded as the facilitators of advice about how to find ways round obstacles, or to shoulder the blame if there is criticism. Being an in-house solicitor requires an understanding of tensions that might not exist in private practice and knowing when to challenge inappropriate behaviour.This book provides guidance on essential regulatory and ethical knowledge. The challenges of in-house practice are discussed with commentary on the tensions that might exist such as when the business is global or when business risks are not managed properly. There is analysis of team leader responsibilities and a discussion of the pinch points of being employed as lone lawyer. It also contains contributions from thought leaders and experts, and case studies and examples of disciplinary action are used to support your understanding of this essential topic.

European Takeovers provides a complete guide to the European Takeover Directive, national M&A regulation and the interaction between domestic and pan-European regulation. It contains a detailed discussion of the fundamental principles of national and European law, its application and the various practical issues that companies and their advisers face as they plan, defend and execute takeovers.This third edition further explores the area following the partial harmonisation of takeover regulation within the European Union since the introduction of the European Takeover Directive and is an exhaustive reference source for anyone preparing, participating in and responding to takeover activity in the EU. Chapters have been fully updated with the latest regulations and case law in the featured jurisdictions, and new chapters have been added addressing key topics such as ESG and M&A and collusion.This title will prove to be an invaluable guide for practising professionals and academics studying this area of law. Written by leading legal and banking professionals, and academics from across Europe, European Takeovers will help you navigate national takeover legislation and its implementation, and discusses recent ground-breaking and controversial takeovers from across the Continent. Notable transactions examined include Akzo Nobel-PPG, Syngenta-ChemChina, Actelion-J&J, Celesio-McKesson, Abertis-ACS/Atlantia and SAB Miller-AB InBev.

As the world begins to recover from the global pandemic, companies and individuals are faced with increasing risks and uncertainty. There are stock market fluctuations, heightened international tensions, and the full effects of Brexit which are yet to be felt, as well as India and China emerging as economic superpowers challenging for the first time the supremacy of the United States and EU. Coupled with this is the now daily occurrence of cyber attacks, enhanced scrutiny of cultural perspectives within the business world following the #MeToo and Black Lives Matter movements, and ever-present threat of climate change, this issue now front and centre in boardrooms.Amid all this directors are subject to more legal scrutiny than ever. In the six years since the last edition was published, companies’ laws and financial regulations have been updated, and there is more diligent and better resourced enforcement of bribery and corruption laws. Shareholders around the world enjoy more extensive rights to hold directors to account than ever before, and directors are less likely to be forgiven for ignoring their responsibilities. They are looking ever more closely at the protection available to them, through both indemnification and directors' and officers' (D&O) insurance, the latter having recently been through the “hardest” market for decades, with reductions in the amount of cover available and significantly increased premiums, partly as a result of the increase in volume and severity of directors’ claims.Nonetheless, the exposures that directors face and the extent to which indemnification and insurance may provide protection around the world are still very nuanced; there can be no “one size fits all” approach. The fourth edition of this title features fully updated contributions from leading legal experts around the world on what directors need to be concerned about in 2022 and beyond, together with the protections available. Each chapter follows a set structure (updated for this edition) which includes commentary on the risks of civil, criminal and regulatory claims against directors, and addresses the availability of indemnification and D&O insurance. New features of this edition include greater scrutiny of criminal vs regulatory liability, forecasting of particular trends, and the insurability of fines and penalties in the jurisdictions covered. The fourth edition also includes new chapters on Jersey and Guernsey (Offshore), Sweden (Nordics) and Saudi Arabia.This title will be an essential reference guide for directors, officers, in-house counsel and private practice lawyers advising them. It will provide a starting point for their assessment of today’s legal exposures and assist with the management of their business risks.

The Cyprus International Trust Law was originally enacted in 1992 and amended in 2012. It is a modern and flexible piece of legislation expressly addressing the needs of international families relying on Cyprus to arrange their wealth. At the same time, Cypriot resident families can apply the Trustee Law 1955, which is based on English law, to govern their trusts.Trust Laws in Cyprus reviews both of these laws and places them in an international context, pointing out the solutions available on the island for wealth management, estate planning and asset protection purposes.Authored by well-known experts in this field, chapters specifically analyse the relevance of Cyprus trusts where settlors wish to retain certain powers, arrange their succession in a more flexible manner than would be possible under forced heirship provisions, or protect heirloom assets from creditor claims. The book also covers the taxation of Cyprus trusts, both international and domestic, and the functioning of the UBO register of trusts under the 5th EU AML Directive.This title is the only systematic review of the Cyprus trust laws in English. It will be an invaluable reference work to help lawyers and other private client advisers structure their clients' wealth. It will also assist professional trustees involved in the administration of Cyprus trusts, and be useful for accountants and tax advisers in relation to the tax treatment of various types of Cyprus trusts.

The petroleum industry is highly specialised. Over the centuries, it has developed many standard petroleum arrangements and contracts that are not familiar to all across the industry - and even less to the outside world. Each has its own detailed terms and provisions.This new edition uniquely combines an encyclopaedia with commentary on both midstream and downstream activities. The topics it covers include energy policies; the relevant players in the sector - from governmental authorities to national oil companies; gas storage; the regulatory and contractual frameworks governing gas and sales agreements; liquefied natural gas; pipelines; distribution networks; and refineries. It has also been expanded with new chapters covering topics such as:Shipping;Antitrust;Third-party access;Taxation; andESG.This approach enables all those involved in the petroleum industry to master the necessary legal terms in one publication. Chapters are written by leading experts from across the globe to provide the best industry practices and standards.The encyclopaedia will serve as a valuable tool for lawyers, industry professionals, consultants and academics who are interested in understanding the key legal terms and provisions of the oil and gas industry.

Electricity storage is at the heart of the global shift to clean energy, enabling flexibility, reliability and the integration of renewables. Falling technology costs, ambitious climate targets and surging investment have made storage one of the most dynamic sectors in energy today – but legal and regulatory frameworks are still evolving.This book offers a comprehensive guide to the commercial, regulatory and financing issues shaping storage projects worldwide. Combining specialist chapters on revenue models, construction, equity and debt financing with detailed country analyses across Europe, Asia-Pacific, the Americas, the Middle East and Africa, it equips lawyers, developers, investors and lenders with the insights needed to navigate this fast-changing market.Authored by leading experts across jurisdictions, it is an essential resource for anyone seeking to understand and capitalise on the opportunities electricity storage creates.

This fifth edition of the leading work on joint operating agreements (JOAs) provides a practical examination of the provisions of a typical JOA, with a particular focus on the critical issues of scope, the operator’s role, joint and exclusive operations, default, transfers and decommissioning. There is also practical analysis of the key issues which apply to the operation of any JOA and the positions which are taken in the leading industry model form contracts. The perspectives of the operator and non-operator are addressed, along with consideration of the domestic and international standards applicable to petroleum projects and a comparison of JOA terms between production sharing and licence concession regimes.New features include:specific new chapters on withdrawal from the JOA and the role of competition law;increased focus on matters relating to pre-emption, change in control and state participation;consideration of recent model form JOA developments (including a new issue of the AIEN JOA and the AIEN accounting procedure) and evolutions in the various professional bodies (such as AMPLA, CAPL and OGUK);analysis of the application of new legislation (such the Energy Act 2023 and the Arbitration Act 2025); andanalysis of key recent case law on default clauses and forfeiture, the management of disputes, and conditions for force majeure relief.Anyone engaged in the development of worldwide exploration and production projects will find Joint Operating Agreements: A Practical Guide, Fifth Edition an essential addition to their professional library.

AI is reshaping the legal industry, transforming practices, and influencing behaviors of legal tech buyers and vendors alike. AI adoption also introduces complex risks that require careful consideration. The Risks of Artificial Intelligence in Law is devoted exclusively to the risks and challenges that AI presents to the legal profession. Drawing upon the candid insights of 34 legal professionals and technologists across 17 jurisdictions and six continents – including users and solutions providers throughout the legal ecosystem – the authors provide balanced, practitioner-grounded perspectives across the spectrum of risk. Bearing in mind the rapid pace of AI development, this book goes beyond the technological risks often discussed in general responsible AI debates (such as privacy, intellectual property, and reliability risks), to also analyze the operational and cultural risks faced by legal professionals. Privacy risks include breaches of confidentiality when lawyers use public AI tools, exposing sensitive client information to unintended parties. Intellectual property risks arise when external vendors gain access to proprietary legal team data, raising questions about ownership and misuse. Reliability risks are equally pressing – inaccurate AI outputs can lead to flawed advice, while the “black box” nature of some systems complicates accountability and adds verification costs. Operational risks cut both ways – lawyers who lag behind in adoption may lose opportunities and market position, while AI's efficiencies simultaneously erode the billable hour and reshape the economic foundations of legal services. Cultural risks have the potential for profound long-term impact – generational divides in adoption, complacency among experienced practitioners, and diminished opportunities for junior lawyers to learn through traditional methods. Each chapter concludes by briefly outlining the strategic solutions legal teams can adopt to mitigate the risks discussed. For readers grappling with stalled pilots, disillusionment, or uncertainty, this book offers practical guidance to build literacy, manage risk, and make informed decisions in an evolving landscape.

Price review disputes have become an increasingly prominent feature in gas and LNG markets over the past two decades. While the first wave of disputes was driven by the ‘triple whammy’ of recession, US shale gas and the liberalisation of the gas markets in Europe, further waves have followed with the development of increasingly liquid trading hubs across Europe, ongoing volatility in commodity prices and the continuing influx of liquefied natural gas (LNG) into Europe. And the centre of gravity for price review disputes is increasingly found in Asian markets rather than European ones. This practical second edition will cover the various aspects of international gas and LNG pricing disputes. It contains contributions from leading international arbitration practitioners and arbitrators in the field and industry experts. It covers the various stages of a gas pricing dispute, from drafting the clause to triggering a review, all the way through the various stages of the arbitral process. It also builds on the previous editions with new chapters which reflect how price review practice has evolved. Thus, the new edition has more emphasis on price reviews in Asian markets and also includes new chapters on key issues such as the role of competition law in price reviews and the impact of previous arbitral awards on future price reviews under the same contract. Despite the large number of high-value disputes in this area, this is one of the very few publications to draw together the various strands of gas pricing disputes into one book. It is therefore an invaluable guide for practitioners, in-house counsel and anyone else with an interest in this area.

The legal landscape governing ultra-high-net-worth (UHNW) and high-net-worth (HNW) families is evolving rapidly, especially as mobility and international relocation among non-domiciled individuals and British expatriates increases. For professional advisers and wealth-holding families, understanding the nuances of English family law – and how it compares to major wealth centres such as Singapore, Switzerland, the United Arab Emirates and the United States – is essential for effective planning and risk management.This book considers the key areas of family law relevant to UHNW families and their advisers as well as identifying important developments and trends for the future.As international families continue to relocate and diversify their asset bases, an integrated and comparative approach to family law is vital. Advisers to UHNW and HNW families must have an understanding of evolving legal principles and the impact of cross-jurisdictional issues on wealth planning.The family team and colleagues at Charles Russell Speechlys provide expert legal and practical guidance on how families can navigate the complex intersection of family, wealth and international law, including:nuptial agreements – international considerations and legal challenges;divorce proceedings – the importance and relevance of jurisdiction;financial settlements – the interrelation of trusts, family businesses and offices, and cases with interveners;private children law – key areas including disputes and relocation, and how this applies to the international family;key family-law issues including education matters, transparency in the family court, privacy and reputation, and personal injunctions;the rise of non-court dispute resolution with a focus on arbitration and mediation; andcomparative family law with key wealth centres across the globe.This publication is a key resource for UHNW families and their advisers, and for those with family offices and those advising individuals when there may be a crossover with family-law issues.

Transform your legal practice with strategy, not just technology.AI adoption in law has reached a tipping point, yet 95 percent of corporate AI initiatives show zero return. Legal leaders face proof-of-concept fatigue, partner skepticism, and unclear ROI. The problem isn't a shortage of tools – it's a shortage of strategy.AI with Purpose is a strategy-first playbook for legal leaders under pressure to "do something with AI" but who don't want to waste money on pilots that never scale. Rather than another tour of tools, the book introduces the Why Equation (Purpose + Clarity + Alignment) and shows how to translate strategic intent into execution through AI-first thinking, client-outcome metrics, and adoption strategies that account for the reality that lawyer attention is scarcer than budget.Key features include:A roadmap with gating criteria and success metrics.End-of-chapter toolkits, governance templates, and decision frameworks.Strategies for shifting from billable hours to value-based pricing.Grounded in interviews with key legal transformation officers and experts.Case studies showcasing both wins and lessons learned.Whether you lead a global firm, manage a legal department, or drive innovation within your practice group, AI with Purpose is your blueprint for AI transformation that actually delivers results.

What does it take to develop and sustain a culture that values marketing, business development, and client care as shared responsibilities across the firm? Drawing on decades of experience advising law firm leaders, chief marketing officers, and partners, Building a Business Development Culture and Strategy provides senior management and practice leaders with actionable strategies for integrating business development into their organization's fabric.Through practical frameworks, candid interviews with firm chairs and CMOs, and real-world examples, the book shows how to empower professionals at every level to contribute to the firm's brand and growth. Not only does it demystify how a strong marketing culture is built – from leadership vision and governance to talent development, systems, and incentives – it helps readers understand how to do this in the context of complex, partnership-based environments.Now more than ever, firms are recognizing that isolated efforts, such as one-off trainings, CRM implementations, or inspirational retreats, won't transform behaviors. What's needed is a holistic approach driven from the top. This book fills that gap by offering managing partners, COOs, CMOs, and practice leaders a blueprint for building marketing cultures that align with firm strategy, reward collaboration, and sustain client loyalty.

Italy is a unique jurisdiction when it comes to trusts. Indeed, despite the fact that a trust cannot be governed by Italian law since the Italian civil law system does not provide for the trust institution, trusts have been recognised in Italy since the Italian ratification of the Hague Convention on the Law Applicable to Trusts and on their Recognition in 1989 and have been extensively used in the Italian context. Specific tax rules on trusts have been in force for many years, and extensive case law and administrative guidelines have clarified the legal and tax treatment of trusts in Italy.In recent years, Italy has become one of the most appealing jurisdictions in Europe for wealthy families to relocate to, due to the existence of a very appealing lump sum tax regime for new residents. This has further contributed to the use of trusts in Italy, considering that these families often benefit from trusts or establish trusts once residents of Italy.As the only book in English dedicated entirely to trusts in Italy, this publication is an invaluable tool for international wealthy families and their advisers on the legal and tax treatment of trusts in Italy. Italian lawyers, accountants and notaries will also find this essential reading given the significant use of trusts for Italian families and the professionals advising them.Edited by the head of Charles Russell Speechlys’ Italian practice, Nicola Saccardo, Trust Laws in Italy brings together insights and guidance from Nicola and fellow experts from Charles Russell Speechlys and other Italian professionals on topics such as the following:the recognition of foreign law trusts in Italy pursuant to the Hague convention;sham trusts;testamentary trusts;trusts and forced heirship;trusts and succession agreements;trusts and family law;taxation of trusts; andtrust accounting.The in-depth coverage and on-the-ground expertise makes Trust Laws in Italy a must-have book for global wealthy families as well as Italian and foreign practitioners, such as lawyers; accountants; notaries; bankers; trustees; wealth managers; single and multi-family offices; and legal associations. Trust Laws in Italy is the latest publication within a series of books on trust laws in different key jurisdcitions.

Pension scheme deficits are rarely out of the headlines. Never in their history have they enjoyed their current notoriety, nor has their importance been more apparent. Over 10,000 pension schemes provide pension benefits that are designed to replace a proportion of the recipient's salary when they retire. These schemes are the flagship of the occupational pensions system - many are in deficit, some severely.This new book is designed to take the reader through how this has come about and what is being done to rectify it. The book includes contributions from leading practitioners in their field, who are grappling with the often highly complex issues that deficits produce on a day-to-day basis, in an accessible and understandable format. Featuring practical analysis on a wide range of issues - from traditional methods of addressing a deficit, alternative methods of funding deficit reduction, investment and employment considerations to the Pensions Regulator and the Pension Protection Fund, the emergence of an alternative buyout market and corporate governance - this new book provides you with the only comprehensive guide to dealing with pension scheme deficits in your practice.Aimed at a broad cross-section of the pensions market, this book is of great practical use to all who have to deal with a pension fund deficit.Trustees, corporate officers and stakeholders, from chief financial officers and finance directors to pension managers, and the entire range of advisers - accounting, actuarial and legal - will find the book of interest and practical use.