A&O US law partner quits for Novartis general counsel role

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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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Ex-Reading chief leaves Olswang

The former head of Olswang‘s Reading office, Marshall Leopold, is leaving the firm next month. Leopold joined Olswang three years ago when the firm acquired Garretts’ former Reading office. He was the first of the group of eight partners to make equity, while his Thames Valley contacts made him a pivotal figure as Olswang attempted […]

MBR&M welcomes back litigator after nine years

Mayer Brown Rowe & Maw (MBR&M) has rehired senior City of Chicago official Lori Lightfoot some nine years after she first left the firm. Lightfoot will rejoin the litigation practice to focus on matters ranging from complex commercial litigation to internal investigations and corporate compliance. Since leaving MBR&M in 1996, Lightfoot has had varied roles […]

Cadwalader, Stroock rake in fees on airline bankruptcies

Cadwalader Wickersham & Taft and Stroock & Stroock & Lavan look set to be the big winners in the bankruptcy cases of Northwest Airlines and Delta, with both firms generating huge fees. Before its case has even reached court, Northwest has spent more than $12m (£6.7m) on retainers and legal advice. Cadwalader’s New York office […]

Equitable Life left with £40m legal bill after dropping negligence claim

Equitable Life sensationally dropped its £2.6bn negligence claim against its former auditors Ernst & Young (E&Y) last week (22 September) after spending more than £40m on legal fees. Both sides will have to pay their own costs. Equitable is believed to have amassed costs of around £40m at this stage, with E&Y’s estimated at £30m. […]

Kirkpatrick bolsters music team with in-house hire

Kirkpatrick & Lockhart Nicholson Graham has recruited the head of legal and business affairs from client Music Choice Europe. Gregor Pryor joins Kirkpatrick as a senior associate in the firm’s London entertainment group. Pryor was a member of Hammonds commercial and IP department before moving in-house. Digital music pioneer Music Choice Europe was acquired in […]

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