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The legislative framework for ‘trapped’ property buyers

Andreas Haviaras and Stalo Papoui of Haviaras & Philippou discuss the new development in Cypriot property law.

The main problem the Cyprus property market currently faces is the failure of the developers, due to their financial problems, to issue title deeds to the buyers who paid for the property bought or to transfer the title in cases where it has been issued. In this sense, the buyer who paid for the property but did not receive a title is a trapped buyer as he cannot exploit the property.

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Bermuda’s evolving legal services landscape

BDA’s Ross Webber highlights the benefits international entrants bring to the market.

Recent moves by leading global law firms to set up offices in Bermuda mark something of a watershed for our jurisdiction. Bermuda has been renowned for its strength and depth with regard to quality lawyers – however, it has not always been heralded for its variety of choice. That looks set to change.

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GC Power List Summer Reception – In search of excellence

To celebrate our annual GC Power List report, Legal Business this summer teamed up with DLA Piper and Thomson Reuters to hold an evening reception and debate to explore the topic of teamwork and give senior in-house counsel an informal chance to network.

Our discussion panel comprised British American Tobacco’s Western Europe legal head Benoit Belhomme, Credit Suisse’s EMEA general counsel (GC) Maria Leistner, ITV’s GC Andrew Garard, Diageo’s GC Siobhan Moriarty and AIG’s EMEA legal head Chris Newby. Bringing a private practice view to the proceedings was DLA Piper co-chair Sir Nigel Knowles, with Legal Business editor-in-chief Alex Novarese chairing the discussion. More than 50 senior in-house counsel attended the reception at the The Ivy’s private members’ club on 24 June.

The GC Power List will return in 2016.

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News in brief – October 2015

FIRST-TIME GC FOR BRITISH LAND

Property developer British Land has hired HSBC deputy company secretary and former Freshfields Bruckhaus Deringer partner Elaine Williams as its first general counsel. Williams, who was a partner at Freshfields between 2000 and 2011 before joining HSBC in 2011, will become British Land’s first ever general counsel when she starts in November.

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Opting in: Consumer Rights Act ushers in class action model in much touted competition reforms

The Consumer Rights Act 2015, which comes into force today (1 October), will for the first time establish a procedure for class actions for competition claims, giving consumers and small businesses an easier route to success for claims made over anti-competitive behaviour, including price fixing and market sharing.

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