Bakers partner joins Barclays Wealth

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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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Firm profile: Devonshires

Devonshires is not your conventional City firm: it does not have a managing partner, it derives 65 per cent of its turnover from housing associations and has only one office. The firm’s unusual management structure, which features functional heads rather than a managing partner, was instituted in April, as management wanted an easier flow of […]

Two decades of change

Here’s a confession. For the past few weeks I’ve been reading every single issue of The Lawyer ever published. This isn’t some bout of deranged masochism, rather it is in preparation for our 20th anniversary special next month and for 2008, when we turn 21. Actually, the exercise has been wholly absorbing; if you spend […]

APPC climbs down in DLA Piper OFT saga

Three lobbying industry bodies have clubbed together in a perceived attempt to defuse DLA Piper‘s Office of Fair Trading (OFT) complaint for anticompetitive behaviour. As revealed by The Lawyer (10 September), DLA Piper referred the Association of Professional Political Consultants (APPC) to the OFT, claiming the body was trying to persuade government agencies to work […]

SCB banks on old friendships

It is good to see some in-house teams favour strong relationships over massive cost-cutting panel reviews. All six of the international corporate firms on Standard Chartered Bank’s panel have kept their places after its most recent review. Allen & Overy, Baker & McKenzie, Clifford Chance, Linklaters and Lovells are safe for another year. Standard Chartered […]

Shearman ups US associate bonuses

Shearman & Sterling has become the latest US firm to jump aboard the associate bonus bandwagon. In a statement it announced that it would provide special bonuses to all US track associates, along with the firm’s annual class-year bonuses. The special bonuses will range from $10,000 (£4,800.16) to $50,000 (£24,000.80), while class-year bonuses will range […]

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