A&O to slash partnership in £44m restructuring

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Latest Briefings

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 […]

Robert Tchenguiz abandons claims against Grant Thornton

On day 4 of the trial, Robert Tchenguiz and the other Claimants have abandoned all claims against Grant Thornton in t long-running litigation which the Claimants commenced in August 2015. In the claims, which have been widely reported in the press, Mr Tchenguiz and associated Claimant companies allege that two Grant Thornton partners had conspired […]

Q&A – Luxembourg Securities Law joins the blockchain age

What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to embrace and […]

Serbia introduces new corporate tax measures

Serbia signed a Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”). The MLI should prevent the abuse of domestic tax laws and double taxation treaties (“DTT”), and its provisions shall be accordingly incorporated into the current DTT signed by Serbia. Serbia has also signed a double tax […]

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Colt kicks off hunt for Euro advisers

Colt Telecom has begun the search for new legal advisers to work across its European network. The telecommunications provider ;already ;has ­preferred firms in each European jurisdiction, but is planning to hire sole advisers for employment, regulatory and commercial work across the region. Colt has also reduced the number of suppliers it uses in each […]

Tulkinghorn: How to save a bob or two

As you can see in this picture, Charles Russell has come up with an innovative way to reduce headcount during the economic crisis – crush them with a law firm-sponsored boat. How to save a bob or two As you can see in this picture, Charles Russell has come up with an innovative way to […]

8

Mercedes panel review forces firms to explain bills

Mercedes Benz put costs at the heart of its recent panel review, with the firms winning a place on the roster expected to justify their expenses on a regular basis. Nabarro and Wragge & Co won the only two places on the panel following a beauty parade of 11 firms that saw Pinsent Masons and […]

Grey matters: Caryl Longley, Deloitte

Deloitte general counsel Caryl Longley may be surrounded by the men in grey suits, but she still finds working for an accountancy firm fascinating. Accountants are now the sexiest of the professional services, according to a recent survey ;that poured cold water on years of jibes about “boring” number crunchers. If this is true, and […]

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Amarchand adopts lockstep in growth drive

Indian firm Amarchand & Mangaldas & Suresh A Shroff & Co has taken the unusual step of converting to a full lockstep model after years of maintaining tight reins on its equity. Amarchand currently operates an eat-what-you-kill system, whereby a small number of founding partners and family members are understood to command a large proportion […]

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