Burness overhauls management team

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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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Bingham restructuring ace joins Jones Day

The London office of Jones Day has poached business restructuring partner Andrew Rotenberg from Bingham McCutchen. Rotenberg, who was based at Bingham’s London office and who joins his new firm as a partner, has been involved in insolvencies and restructurings, including those of Mayflower, Jarvis, Cordiant and Transtec.

Linklaters boasts most £1m-plus earners in City

Linklaters has more partners than any other firm in the City earning in excess of £1m a year, exclusive research has revealed. The firm has a stunning 124 partners who pocketed upwards of £1m during the past financial year. Slaughter and May was the magic circle firm’s closest rival, with 90 partners earning more than […]

Partner pay growth outstrips newly qualifieds’ rate

Despite recent moves to raise associate pay, the rate of increase in average partner profits in the UK’s top 10 firms has outpaced significantly the growth in newly qualified salaries. Newly qualified associates, the most accurate barometer of associate salaries, received their largest pay rises for several years at the start of the current financial […]

Milberg Weiss former name partner defects to A&O

Allen & Overy (A&O) has boosted its New York litigation department, hiring former name partner of Milberg Weiss Bershad & Shulman Patricia Hynes. Hynes joins A&O as senior counsel, focusing on the magic circle firm’s white collar crime and financial services regulation practice. She is one of the most prominent lawyers to leave Milberg Weiss […]

Partner profit increase outperforms associate pay

Average partner profits have outstripped associate salaries over the last six years, according to new research by The Lawyer. Average partner profits at the UK’s top 10 firms jumped by 32.2 per cent between 2000 and 2006, from £568,300 to £751,700. In contrast, in the same period the average salary paid to newly qualified solicitors […]

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