Household names up in arms over class action transparency legislation

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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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Don’t call me Dave

The thwarted Miliband brother might disagree, but new research suggests that if you want a fighting chance of running the show in the legal profession it helps to be called David. As we reveal today, five per cent of all partners in the top 50 are known by the name that apparently derives from the […]

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Sukuk model grows in strength in spite of Islamic compliance doubts

Infighting will always be there, but so will sharia-based business, says James Swift In November 2007 Islamic finance, which until then had been soaring on the back of a bullish economy and a climate of more liberal interpretation, hit its first snag. Sheikh Muhammad Taqi Usmani, head of the religious board at the Accounting and Auditing Organisation […]

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Olswang bulks up arbitration and construction with Bakers hire

Olswang has added to its London international arbitration and construction practices with the hire of a partner from Baker & McKenzie’s Hong Kong office. Andrew Aglionby will move to London to join the firm on 1 October. At Baker & McKenzie he was a partner in the firm’s Hong Kong dispute resolution group, as well […]

Kirsty Cooper

Close call: Kirsty Cooper, Aviva

Kirsty Cooper, group general counsel at Aviva, is on a mission to build closer ties between the insurer’s disparate legal advisers. The appointment of Kirsty Cooper as group general counsel at Aviva marks the start of a period of change in the company’s global legal department. Having been part of the legal ­function at various […]

The missing Link

The news that Cadwalader Wickersham & Taft’s former chairman Bob Link has quit the firm is unlikely to have too many people weeping in the street (see story). Link was the man most closely associated with turning Cadwalader into a firm that looked more like an investment bank, at least when it came to remuneration, […]

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