A&O wins Fortis in-houser

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Latest Briefings

Deadline for notification of AML officer appointments is 31 December

By Maree Martin The deadline for regulated funds to notify the Cayman Islands Monetary Authority (“CIMA”) of their appointment of an Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer (together “AML Officers”) is 31 December 2018. The appointments were required to have been made by 30 September 2018. Unregulated funds are […]

Romania: Cybersecurity – Call for action for major companies in critical sectors

By Daniele Iàcona, Costin Sandu The first piece of EU-wide legislation on cybersecurity is expected to be transposed into Romanian law anytime now, bringing into play enhanced system security obligations for major companies in certain sectors, as well as fines of up to 5 % of non-compliant companies’ turnover. Romania is on its way to finalising the second […]

Hungary: HCA publishes digital consumer protection strategy

By András Nagy The Hungarian Competition Authority (HCA) recently published a strategy paper presenting its views on consumer protection in the digital age. The paper subtly indicates that the HCA will continue to follow the European Commission’s guidance in this regard. The paper highlights the measures which the HCA deems necessary to protect consumers and keep […]

Take nothing for granted – legal privilege and internal investigations

By Nick Williams, Rebecca McNulty The subject of legal professional privilege has been back in the spotlight recently, with the English Court of Appeal decision in SFO v. ENRC substantially reversing the original High Court decision. This stops – at least for now – the erosion of a fundamental legal principle: that a person can seek legal […]

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Borealis finds new general counsel at Allergan

Plastics supplier Borealis has hired Allergan’s European general counsel Ruth Steinholtz as its new global general counsel.Steinholtz has left her role at the global health care company to replace Hans Byfeldt at Borealis. The company’s head office is in Denmark, so Steinholtz will divide her time between Copenhagen and London.

The price of failure

With the media and the Govt aiming boots at the fat cats, industry is going to have to radically improve self-regulation if it wants to avoid legislation. Richard Yeomans reports The media, shareholders and the Government have become increasingly critical of ‘golden parachutes’ for directors who are perceived to have failed. Take the case of […]

Bevan Ashford fees stay modest

Hourly charge-out rates for partners at Bevan Ashford’s West Country profit centre have gone up – but only to £180. A review at the firm has just settled on a new range, climbing from £60 for a legal executive to £180 for top partners, such as West Country chairman and company and commercial partner Simon […]

A&O to save millions by using virtual filing

Speaking at a seminar on real estate needs for law firms, Rodney Barker, a former A&O director of business services, who is now a legal workplace consultant, said that A&O was aiming to reduce its current provision by 80 per cent…. Allen & Overy (A&O) could save millions of pounds a year on rental costs […]

Linklaters cements United Technologies’ tie with Chubb deal

Linklaters has sealed its first major acquisition for United Technologies Corporation (UTC) since being appointed as preferred legal adviser by the US conglomerate 18 months ago. The magic circle firm advised UTC on its acquisition of Chubb, previously part of the demerged Williams Group. It is expected that Slaughter and May, which advised Chubb, will […]

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