Covington & Burling – UK 100

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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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Pillsbury Winthrop and Shaw Pittman enter merger talks

San Francisco-based Pillsbury Winthrop and Washington DC’s Shaw Pittman have entered merger discussions, which – if successful – would gatecrash the top 20 US firms. Shaw Pittman has been hit by a number of partner departures in the US and in London and is specifically looking to increase its size in New York. The Big […]

3-4 South Square – UK 100

Turnover: £22.5m Head of chambers: Michael Crystal QC and Lord Alexander of Weeden QC Total tenants (silks): 44 (16) Door tenants: 12 Chambers contributions: 11.5 per cent Revenue per barrister: £480,000 Top cases last year: BCCI/Bank of England; BCCI/Bank of America; Enron; Deacons/White & Case; Spectrum Plus. No of appearances in House of Lords: 10 […]

Mayer Brown Rowe & Maw – UK 100

UK/global turnover: £79m/£496m UK/global PEP: £370,000/£500,000 UK/global revenue per lawyer: £306,000/£397,000 UK revenue per partner/equity partner: £0.8m/£1.3m Global revenue per equity partner: £1.2m UK/global number of partners: 63(98)/426 UK/global number of lawyers: 258/1,249 UK number of staff: 550 UK/global leverage ratio: 1:3/1:1.9 UK equity partner to staff ratio: 1:8.7 Equity structure: Modified lockstep. Lockstep for […]

Opinion

The Freedom of Information Act: social revolution or most notable for its exemptions? The Freedom of Information Act (FOIA) went live on 1 January 2005. More than 100,000 public authorities will have to respond to ‘information access requests’ within a short timeframe, usually 20 days. Anybody can request information of any type from any public […]

Competition issues form the battleground in fight for LSE

LSE tie-up with Deutsche Börse or Euronext hangs on which regulator’s lap it lands in. By Helen Power It is currently anybody’s guess as to whether the London Stock Exchange (LSE) will end up operating under a German flag or a French one, but after 200 years in British hands, it is now certain that […]

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