Manches votes out traditional lockstep

Manches has overhauled its management structure and its equity partner remuneration scheme

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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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Hewitsons' investment unit links with Birketts

Regional law firms Hewitson Becke + Shaw and Birketts have brought their investment units together to create a new company Hewitsons, which has offices in Cambridge and Northampton, and Ipswich firm Birketts have merged their investment units together to create Affinity Investment Management. The move was prompted by the stringent demands of the new Financial […]

Nelsons construction dept suffers exodus

A sizeable chunk of Nottingham-based firm Nelsons’ construction team has departed for local rival Browne Jacobson The move comes as Nelsons restructures its construction department following the loss of key partner Leslie Gray, who died in the Hatfield rail disaster.Partner Russell Deards has moved to the Nottingham office of Browne Jacobson together with a solicitor […]

The IT factor

IT has opened many doors, but contractual problems are rife. Nick Holland reports on the potholes and safety nets We often hear about IT contracts going wrong or ending in dispute. Perhaps the most classic example of this reached the public consciousness two years ago – the problems with the issuing of passports due to […]

Pillsbury cuts first year salaries as technology downturn impacts

San Francisco-based Pillsbury Winthrop has sliced $10,000 (£7,000) off its salary for first year associates The move comes as Bay Area firms fight the technology slowdown through a variety of cost-cutting initiatives.This year, the firm’s new associates will receive an annual salary of $125,000 (£87,500), down from $135,000 (£94,500). Pillsbury’s stance on remuneration mirrors similar […]

Law Society to decide if Bahl inquiry is necessary

The Law Society is holding a special general meeting on 31 January on whether to set up an independent inquiry into the Kamlesh Bahl affair Last July the society was found liable for sexual and racial discrimination against its former vice-president.The call for an inquiry has come from Bahl, with the support of Imran Khan. […]

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