Osborne Clarke partners rejoice after war on costs wipes out £9m debt

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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 […]

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 […]

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 […]

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Pinsents City chief moves to Kirkpatrick

Pinsent Masons’ joint London managing partner and national head of corporate has quit to join Kirkpatrick & Lockhart Nicholson Graham. Pinsent Masons‘ joint London managing partner and national head of corporate has quit to join Kirkpatrick & Lockhart Nicholson Graham. Martin Lane, who was named Pinsents’ joint London managing partner alongside Martin Roberts in December 2004 following last […]

Ashurst sees rare Apax success fees after HIT Entertainment bid

Ashurst has won its first UK deal for Apax Partners following its appointment as lead legal adviser, acting for the private equity house on its recommended offer for HIT Entertainment, the company behind Bob the Builder. Although Ashurst has won the lion’s share of Apax’s legal work since its appointment last June, the vast majority […]

Herbies ousts Linklaters on TfL Tube project

Herbert Smith has elbowed out Linklaters and scooped the mandate to advise Transport for London (TfL) on the £896m East London Line extension. Herbert Smith has elbowed out Linklaters and scooped the mandate to advise Transport for London (TfL) on the £896m East London Line extension. The firm won the instruction after participating in a beauty parade […]

Olswang raids White & Case to bolster TMT team

Olswang has raided White & Case to secure litigation partner Richard Bamforth as the UK firm ramps up its technology and media offering. Bamforth, who specialises in international arbitration and litigation, joins Olswang on Monday 4 April. He leaves White & Case after nearly 10 years at the firm. It is understood that Olswang’s technology […]

Cobbetts set to raise client charge-out rates

Regional heavyweight Cobbetts is poised to hike its client charge-out prices in a bid to harmonise rates across all its offices. The firm, which has carried out no fewer than four mergers since December 2003, is consulting partners as to how much its hourly rates should be increased by. According to well-placed sources, the move […]

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