Breaking: King & Wood Mallesons to merge with SJ Berwin in November

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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 […]

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 […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

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Financial Times

FT promotes internally to replace GC Bratton

The Financial Times (FT) group is understood to have promoted senior legal counsel Dan Guildford to the role of general counsel, following the recent departure of longstanding legal head Tim Bratton. Bratton announced his departure from the publishing company a month ago (27 June 2013), before it was confirmed that he was joining Berwin Leighton […]

Graduates
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Wiggin cancels trainee intake from 2015 as clients move work in-house

Media boutique Wiggin is to cancel its trainee scheme from 2015, citing client demand as the sole reason for the decision.  The next two rounds of trainee schemes, one in September this year and another in 2014, will go ahead as usual. The firm has six trainees at any one time, with three joining each […]

Think you know your PFIC status? Think again: application of the look-through rules

The IRS has released Private Letter Ruling 201322009, which responds to a request for clarification on the proper application of certain ‘look-through’ rules for the purposes of determining whether a foreign corporation is a ‘passive foreign investment company’ (PFIC) for US federal income tax purposes. The PFIC rules aim to place US persons that own […]

Shale gas — tax breaks and planning guidance certainty

On 19 July 2013, HM Treasury published a consultation on a new fiscal regime for shale gas. On the same day, and to much less fanfare, the Department of Communities and Local Government issued guidance on how shale gas (and other onshore oil and gas) developments should proceed through England’s planning system. With the former […]

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