Northern Rock: The Rocky road to ruin

The legal profession’s finest are warming up for a conflict between angry shareholders in Northern Rock and the Government in which the finer points of insolvency law will be the battleground

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Latest Briefings

Deadline for notification of AML officer appointments is 31 December

By Maree Martin The deadline for regulated funds to notify the Cayman Islands Monetary Authority (“CIMA”) of their appointment of an Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer (together “AML Officers”) is 31 December 2018. The appointments were required to have been made by 30 September 2018. Unregulated funds are […]

Romania: Cybersecurity – Call for action for major companies in critical sectors

By Daniele Iàcona, Costin Sandu The first piece of EU-wide legislation on cybersecurity is expected to be transposed into Romanian law anytime now, bringing into play enhanced system security obligations for major companies in certain sectors, as well as fines of up to 5 % of non-compliant companies’ turnover. Romania is on its way to finalising the second […]

Hungary: HCA publishes digital consumer protection strategy

By András Nagy The Hungarian Competition Authority (HCA) recently published a strategy paper presenting its views on consumer protection in the digital age. The paper subtly indicates that the HCA will continue to follow the European Commission’s guidance in this regard. The paper highlights the measures which the HCA deems necessary to protect consumers and keep […]

Take nothing for granted – legal privilege and internal investigations

By Nick Williams, Rebecca McNulty The subject of legal professional privilege has been back in the spotlight recently, with the English Court of Appeal decision in SFO v. ENRC substantially reversing the original High Court decision. This stops – at least for now – the erosion of a fundamental legal principle: that a person can seek legal […]

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Kennedys promotes six to partnership

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Littleton’s turnover up by a fifth

Littleton Chambers has recorded a 20 per cent growth in turnover in the last year, allowing the set to capture four barristers from Cloisters, including its latest recruit Martin Palmer. The 48-barrister set, which according to The Lawyer Bar Top 30 had a turnover of £18.1m during the 2006-07 financial year, puts the record percentage […]

A&O loses Spanish competition duo to Roca Junyent

Allen & Overy (A&O) has lost the bulk of its Spanish competition team after counsel Pedro Callol and associate Jorge Manzarbeitia left to join Roca Junyent. Callol will become a partner at Roca’s Madrid office when he joins later this month. He was head of A&O’s competition team in Spain, with a practice focusing on […]

Dentons’ 6 per cent turnover hike outstripped by City rivals’

Denton Wilde Sapte’s financial results revealed a sluggish performance compared with its large City peers’, as revenue grew by a disappointing 6 per cent to £164.4m. Last year’s restructuring of the financial institutionspractice failed to turn around the fate of the underperforming department, which also posted around 6 per cent growth. Dentons chief executive officer […]

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Rivals ready to swoop for Bevan Brittan redundancies

Bevan Brittan redundancies” />The sharks are circling Bevan Brittan. News this week of up to 40 redundancies (TheLawyer.com,13 May) at the Bristol-headquartered firm has sparked a feeding frenzy among local competitors. “We could stand outside their offices with a sign inviting people to join us and we know they’d come,” says one Bristol senior partner […]

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