A&O, CC rake it in on Marconi restructuring

Allen & Overy (A&O) and Clifford Chance are to gain a slice of a massive £16m in fees for their part on the complex restructuring of beleaguered telecoms giant Marconi

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Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

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AAR lawyer returns in media and telecoms role

Former Australian Broadcasting Corporation chairman Professor Mark Armstrong is to rejoin law firm Allens Arthur Robinson. Armstrong will work alongside the firm’s legal team, advising media and telecommunications clients around the Asia Pacific region on the potential and the risks of their business ventures.

Ex-Berwin Leighton lawyer takes ISIS top spot

Former Berwin Leighton (now Berwin Leighton Paisner) planning lawyer Mark Ryder (left) has been appointed as chief executive of British Waterways’ new property public-private partnership with Amec and the Igloo Regeneration Fund. The new joint venture, named ISIS Waterside Regeneration, aims to unlock the potential of canal and riverside land across the UK. Ryder, formerly […]

Clifford Chance gears up for senior partner battle

Six candidates vie for top spot; Gasteyer the only non-UK partner in the running Clifford Chance is bracing itself for the closest elections in the merged firm’s two-year history as six candidates put themselves forward for senior partner.At close of play on Friday (30 August), the following partners had declared their interest: arbitration partner John […]

New clients make bumper six months for Hammonds' employment practice

Hammonds has targeted its employment team for further growth after a bumper six months In February, highly-rated Eversheds employment partner David Beswick joined the team and was made joint head along with Veronica Dean. Beswick’s move was followed in March with the defection of four more Eversheds employment lawyers – Kathy Halliday, Sarah Bunker, Teresa […]

Insurance

Lloyd’s of London Names are a dying breed at the oldest insurance market in the world. Down from 35,000 to just 2,490 unlimited liability Names today, individual investors are regarded as an anachronistic throwback needing to be helped into extinction by reform-hungry corporate investors.Sax Riley, the chairman of Lloyd’s, has called for members to vote […]

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