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The New Bank Vs the Old Bank ISSUE: 144/17 www.intercontinental-finance.com In this issue: News, Reviews & Business Views Motoring: McLaren 720S Gadgets & Gizmos Travel: Amsterdam Awards The new bank vs The old bank CHANGING THE MINDSET TOWARDS OPEN BANKING In conversation: Helen Archibald, COO, Thorntons www.intercontinental-finance.com Contents In this issue... NEWS 4 IN CONVERSATION Helen Archibald, COO, Thorntons 8 Business Features The old bank vs the new bank 10 Women in power 12 Breaking down barriers 14 Money brings happiness 16 A matter of compliance 18 Race against time 20 Ensuring labour compliancy 22 Beware three ‘B’s: BEPS, Brexit and border adjustment 24 Are interview notes privileged? 26 Fakes will not work 28 12 Games people play 30 Information security and the legal sector 32 TOP 250 LEADING LAW FIRMS 35 Welcome... 500 LEADING LAWYER 2015 41 Lifestyle City - Amsterdam 52 As logistics networks with major countries of counterfeit Hotel - Hotel Pulitzer 54 products become increasingly sophisticated – China, Turkey Adventure - Noord 56 and India to name a few – counterfeiting is affecting more Health & Wellbeing 58 and more businesses. Gadgets & Gizmos 60 Courts have been inundated with cases tackling this Motoring - McLaren 720S 62 problem and summer 2016 saw two very important cases boosting the anti- Profile - Yuri Rapoport 64 counterfeiting movement. In this edition, Margaret Arnott of Mathys & Squire looks at the anti-counterfeiting movement, along with a brief examination of these cases, and tips on how businesses should best install a counterfeiting strategy to maintain the strength of their brands. David Newman of Delio Wealth, meanwhile, examines how intrinsically philanthropy and private investments are linked, the types of investments 62 that are out there, how much time and resource they need from an investor PUBLISHER and just what impact they are having. Wide World Media Limited The Byre, The Street, Bolney RH17 5PG. UK Lastly, Øyvind L. Martinsen from the BI Norwegian Business School, writes that Tel: +44 (0)1444 881004 women are better-suited to leadership than their male counterparts in most areas Registered in the UK: 7317914 UK VAT Number: 996768723 EDITOR PARADISE FOUND. but definitely not all. In the recent study he conducted with colleague Lars Glasø editor@intercontinental-finance.com surveying the personality traits of more than 2,900 managers, he found that female DESIGN & PRODUCTION leaders scored higher than men in four of the five categories measured. ICD - www.imagecreativedesign.co.uk SUBSCRIPTION DETAILS InterContinental Finance & Law Magazine and it’s supplements are available Free He therefore has come to the conclusion that female leaders may falter on-line. All rights reserved. All material and images contained within this publication can not be reproduced in whole or part without the prior permission of the publisher. through their stronger tendency to worry – or lower emotional stability – but Whilst every effort has been made to check the contents and authenticity of all To find your own explore the Oyster fleet – 47 to 125 feet. articles contained within this publication, the publisher will not be held responsible the fact seems crystal-clear that they are decidedly more suited to management for any actions, losses, announcements or profit forecast claims made as a result of T: +44 (0) 1473 695 005 E: [email protected] usage of any information contained within or published by Wide World Media Limited positions than their male counterparts. or its publication InterContinental Finance & Law Magazine. Copyright 2011 Wide World Media Limited Circulation details can be found at: www.intercontinental-finance.com SAIL | BROKERAGE | CHARTER | CUSTOM | REFIT Isaac Hamza - Editor www.oysteryachts.com 3 Intercontinental Finance & Law • 144/17 GLOBAL NEWS www.intercontinental-finance.com www.intercontinental-finance.com GLOBAL NEWS Intercontinental News UNITED KINGDOM CHINA SOUTH AFRICA Appointments Lawyers reticent Competitiveness boost urgently needed ROSALYNDE HARRISON Rosalynde Harrison has joined London- to move jobs amid to meet Africa’s demographic challenges based boutique private client law firm New Quadrant Partners as CEO with Without urgent action to address stagnating hence future prosperity – of a country. The immediate effect. Brexit uncertainty, levels of competitiveness, Africa’s report, which covers North Africa and Sub- Harrison was previously at Monsoon economies will not create enough jobs for Saharan Africa, comes at a time when growth Accessorize where she was company says new research the young people entering the job market, in most of the region’s economies has been secretary and general counsel. During her according to a recent report. slowing after a decade of sustained growth. Vacancies for private practice lawyers time with Monsoon she had responsibility If current policies remain unchanged, fewer Further stagnation is likely in the absence have fallen by 13 per cent year-on-year for the group’s legal affairs worldwide, than one-quarter of the 450 million new jobs of improvements in the core conditions for according to new survey data from ranging from acquisitions, corporate needed in Africa in the next 20 years will competitiveness. specialist recruiter Clayton Legal. The restructuring, JVs, general commercial, and be created. These are among Compounding the challenge recruiter believes the fall in advertised compliance. During this time she worked the key findings of the Africa to Africa’s leaders is a rapidly positions can largely be attributed to with the board of directors on the buy-back Competitiveness Report 2017, expanding population, which lawyers being reticent to move roles in an of Monsoon by its founder in 2007. a biennial publication jointly is expected to add 450 million environment of uncertainty. She takes over the helm from Joan produced by the World Economic more to the labour force over the The survey, which was compiled based Major, who has been the CEO for the last Forum, the African Development next two decades. Under current on the recruiter’s comprehensive data on seven years. Major will remain with the Bank, and the World Bank Group. policies, only 100 million new advertised roles, also reveals the regional firm, but on a part time consultancy basis. Priorities to meet the changing jobs would be created during variations in vacancy decline. London has Harrison said: “NQP is a unique and demographics include policy this period, according to the experienced the most acute drop with highly regarded private client law firm. reforms to improve the quality of report. available roles down 26 per cent year-on- After 14 years of working at Monsoon for institutions, infrastructure, skills Africa’s young, dynamic year, while the North East and the South East the founder, Peter Simon, I am delighted and adoption of new technology. population does, however, experienced the smallest decline (three per Up to a third of Chinese outbound to head up this boutique service at the House construction and better possess the potential to lead cent and four per cent respectively). Other latest chapter in its history. Now, as it urban planning present opportunities for an economic revival in the region backed by regions where advertised positions fell were faces a period of increased excellence M&A deals by value blocked or short-term competitiveness gains. targeted short- and long-term reforms in key the South West (11 per cent) and the North and growth, I have joined to add my The report finds that the ability of Africa’s areas, the report finds. West (18 per cent). The only region which experience and strategic insight to the economies to generate enough jobs for its World Economic Forum’s Richard did not note a drop in advertised positions withdrawn in 2016 firm’s undoubted strengths”. young and growing population rests on the Samans, managing director, centre for was the Midlands where vacancies levels Louise Stoten, senior partner,said: “We Up to a third of Chinese outbound The report was prepared by Linklaters successful implementation of urgent reforms the global agenda, said: “Removing the remained static year-on-year. are thrilled to have Ros on board. New M&A deals by value announced during for the China Development Forum in to boost productivity. hurdles that prevent Africa from fulfilling its Despite the overall picture looking Quadrant Partners continues to go from 2016 were blocked or withdrawn, says Beijing, China’s foremost platform for Competitiveness is defined as the set competitiveness potential is the first step somewhat gloomy, there were certain strength to strength and we are looking a new report from multinational law dialogue between its senior leadership and of institutions, policies and factors that required to achieve more sustained economic specialisms which experienced increases forward to Ros helping take the firm to firm Linklaters, a member of the Magic representatives from global businesses, at determine the level of productivity – and progress and shared prosperity.” in vacancy numbers. Lawyers specialising Circle of elite British law firms. a time when international concern is rising the next level. These are exciting times for in family law, for example, were in particular The report, Getting over the line: clearing over whether deals can get over the line in New Quadrant Partners.” demand across the South and North East SINGAPORE regulatory hurdles to outbound M&A, identifies an environment of increased scrutiny. where vacancies were up 50 per cent and 65 that approximately $220billion of Chinese ROB JESUDASON per cent respectively. outbound investment was announced in Ashurst joins hands with Singapore law firm ADTLaw Rob Jesudason takes over from David Personal injury specialists have also been Craig as chief financial officer at 2016 whilst over the same period between International law firm Ashurst has foreign law practices, and enhance their highly-sought after with advertised roles Commonwealth Bank effective 1 July. $40-$75billion worth of outbound deals were launched a Formal Law Alliance (FLA) competitiveness.
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