Incoming Dewey chiefs agree profit caps as firm renegotiates guarantees

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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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Scottish Law Society up in arms as Nationwide slashes conveyancing panel

Nationwide Building Society plans to slash by 200 the number of solicitors on its Scottish conveyancing panel have been slammed by the Law Society of Scotland. The representative body has demanded talks with the building society after it announced it would be reducing the panel from 700 to 500 following a UK-wide review. Concerns have […]

Rohan Weerasinghe

Shearman chair Weerasinghe leaves firm for GC role at Citigroup

Shearman & Sterling senior partner Rohan Weerasinghe has quit to join Citigroup as general counsel. The New York-based corporate partner formally announced his resignation to the firm today but will stay on until June. The firm hopes to have appointed a replacement before the global partners’ meeting in the US in early May, with names […]

London’s Barnet and Harrow councils to save £4.4m via legal services merger

The London Boroughs of Barnet and Harrow have agreed to merge their legal services in a move that is expected to save them an estimated £4.4m over the next five years. Barnet’s legal team will be based in Harrow from July following approval from the authorities’ respective cabinets last night as part of a wider […]

Camerons promotes eight as part of 34-strong CMS promos round

CMS Cameron McKenna has announced its partner promotions with eight UK lawyers being made up in global round of 34 appointments across the CMS network. The UK firm is promoting real estate lawyers Danielle Drummond Brassington and Ashley Damiral, capital markets lawyer Michael Cavers, energy expert Olivia Quaid, pensions specialist Dominic Harris and disputes lawyer […]

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Dundas & Wilson concludes redundancy talks with up to 30 jobs axed

Almost 30 jobs are being cut at Scotland-headquartered firm Dundas & Wilson following a consultation process. In February the firm confirmed that due to the “nature and level of demand for its services” it would be considering redundancies (24 February 2012). While the firms mooted cutting staff and partner positions, chairman David Hardie confirmed the […]

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