Norton Rose lose out to Herbies on $3.5bn mobile disposal

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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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Weil sneaks Sagard work away from CC and Latham

Weil Gotshal & Manges ‘ Paris office has muscled in on longstanding Clifford Chance and Latham & Watkins client Sagard Private Equity Partners, landing its first instruction for the Franco-Canadian private equity house. Private equity star David Aknin advised Sagard on the management buyout of French logistics group Compagnie Européenne de Prestations Logistiques for €170m […]

Freshfields underperformers in firing line

Freshfields Bruckhaus Deringer partners have voted through sweeping changes to the firm’s constitution that will make it much easier to remove underperforming partners Partners voted in favour of the changes in an email vote on 18 February following a consultation period that began last November. The magic circle firm drew up plans last year to […]

Nothing doing

The Isle of Man’s decision to introduce a zero-rate income tax is intended to take the economy onto a whole new level in international finance. Andrew Corlett reports The Isle of Man has been moving towards a zero rate of income tax on companies since October 2000. The 2005 budget, announced on 15 February, confirmed […]

Eversheds’ client management slammed as firm gets ejected from Honda panel

Honda has overhauled its legal panel and dumped Eversheds, issuing the national firm with a damning rebuke over its client management skills. However, the national firm is fighting back and has already arranged for managing partner David Gray to visit Honda in order to find out what went wrong. Honda used Eversheds’ Leeds office for […]

LEADER

David Gold must be delighted that his firm’s protracted search for a silk has finally come to fruition. Unfortunately, in that time Herbert Smith has lost two of its own home-grown QCs – Lawrence Collins QC to the bench and, most recently, Julian Lew QC, who joins 20 Essex Street on 1 April. Murray Rosen […]

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