Freshfields scoops spot on Barclays panel after failing to make it in 2003

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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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Linklaters boosts PEP further to leave Freshfields floundering

Linklaters’ financial performance has outstripped that of its magic circle competitor Freshfields Bruckhaus Deringer with the firm reporting even better financial results than previously expected. A review of Linklaters’ final figures for the 2004/05 financial year has shown that average profits per equity partner (PEP) have risen by a staggering 25 per cent to reach […]

Wal-Mart regulatory shame gives rise to investors’ fury

Global corporates have been put on notice to be vigilant about corporate governance and compliance or risk the ire of their shareholders after a group of investors in Wal-Mart hit out at the company’s legal and regulatory controls. Shareholders in the largest retailer in the US last month fired off a letter critical of Wal-Mart’s […]

Careers: In brief

Jersey firm Sinels, in conjunction with Caversham Fiduciary Services, held a seminar on offshore trusts on 20 May at Lincoln’s Inn. The aim of the seminar was to introduce private client solicitors to Jersey trusts. Advocate Philip Sinel highlighted the security involved in local trusts and defended trusts from attack by beneficiaries or outsiders. The […]

Cadbury Schweppes revamps legal team

Cadbury Schweppes will overhaul its legal department following the retirement of chief legal officer and group secretary Mike Clark. His role will be split between group M&A director Henry Udow, who will become chief legal officer, and legal director Hester Blanks, who will take over as group secretary. Both will be based in London. The […]

Opinion

With new UK laws outlawing ageism, diversity at law firms is going to be tested to the full By October 2006, new laws prohibiting discrimination on grounds of age will come into force. The legislation is expected to challenge firms to bring further diversity into their policies and practices that will touch the heart of […]

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