E&Y Legal Italy chief mulls options post defection

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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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Egorov merger role kick-starts Russian revolution

Russian national firms, like Russian businesses, are coming to the fore. The announcement today (9 October) of Glencore’s $30bn (£16bn) aluminium merger with Russia’s Rusal and Sual will not only create the world’s largest aluminium producer, it will also raise the profile of the Russian firm that is working alongside Ashurst, which is advising Rusal. […]

Expanding AIM faces increased LSE scrutiny

City lawyers have applauded news that the London Stock Exchange (LSE) is to review regulations of its junior market AIM. The proposed changes would see floating companies’ nominated advisers (nomads) given their own codified rules, enforced by the Financial Services Authority (FSA). Companies listed on AIM would also have to have their own website clearly […]

International Eye: Russia

Alrosa to appeal Commission diamond ruling Alrosa to appeal Commission diamond ruling Russia’s state-owned diamond company Alrosa is preparing for a massive legal battle with the European Commission over a ruling prohibiting it selling rough gems to competitor De Beers. Alrosa is the world’s second-largest diamond producer behind De Beers. The Commission ruled in February […]

Cobbetts and Halliwells join bespoke LPC bandwagon

Manchester-based Cobbetts and Halliwells have become the first firms in the North West to sign up to bespoke LPCs with the College of Law. The move means all future Halliwells and Cobbetts trainees will now have to study the LPC+ at the College of Law. The bespoke courses will begin in September 2007. The move […]

RBS dumps procurer Ariba as it finalises legal panel

Royal Bank of Scotland (RBS) has ditched procurement group Ariba, as the banking giant puts the finishing touches to its new roster of legal advisers. Ariba (formerly FreeMarkets) handled the grossly unpopular online tender for RBS in 2003, when the bank created the legal panel that is currently under review. As first reported by The […]

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