US law firm, Alston & Bird, launches its first London office.
The French finance minister, Bruno Le Maire, said France will block the development of Facebook’s Libra cryptocurrency in Europe until the concerns over the risk to consumers and the government’s monetary sovereignty were addressed.
On 28th June 2019, the Monetary Authority of Singapore (MAS) announced that it will issue up to five new digital banking licenses. For the first time, following Hong Kong’s move earlier this year, MAS applications are being opened to firms with no track record in banking. MAS expects to grant licenses in mid 2020 and start business by mid 2021.
High Court judges have rejected Gina Miller’s case arguing that Boris Johnson’s suspension of Parliament was “an unlawful abuse of power” but permitted an immediate appeal to the Supreme Court on 17th September due to the important points of law at stake.
The new Greek prime minister has proposed a pragmatic deal to end a historic battle over the Parthenon marbles (a collection of Classical Greek marble structures).This could signal an opportunity for France and Germany to strengthen the support for a united EU, against Britain’s euroscepticism.
French President, Emmanuel Macron might have emerged as the superstar of digital taxes after the recent G7 meetings, but the UK is catching up, with provisions that will divide the British technological, financial, and legal landscape.