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Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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Singapore grants firms equity option

The Singapore Law Society has given firms the formal go-ahead to accept equity in lieu of fees for the first time. The move will be particularly relevant to those acting for dotcom start-ups. The practice has already been adopted in the UK by a range of firms including Simmons & Simmons and Pinsent Curtis. It […]

Macfarlanes smashes magic circle pay scale

Macfarlanes has upped the ante in the assistant salary war by raising its rates above magic circle levels. Following the firm’s annual pay review this month, assistants with between 12 and 18 months post-qualification experience can expect to receive £50,000 a year. It is understood that newly qualifieds will get 8-10 per cent less than […]

Clyde & Co absorbs Turner & Co

The London-based firm’s two partners – Paul Turner and Roger Spencer – will join Clyde & Co as equity partners in an enlarged commodities group with all their staff. Turner & Co, set up by Turner and Spencer 15 years ago, is particularly prominent in the soft commodities sector, acting for international trading houses, especially […]

Conflicts rules under fire by City Law Society

A wholesale shake-up of the rules governing conflicts of interest is about to take place, The Lawyer can reveal. The City of London Law Society working party will today publish a paper which calls for the conflicts rules in England and Wales to be brought in line with the more liberal rules on the Continent. […]

UBS Warburg’s global general counsel quits

UBS Warburg Dillon Read is losing its global general counsel as he considers returning to private practice. Mark Harding is leaving the investment banking subsidiary of UBS after four years and will be replaced by Warburg Dillon Read’s current general counsel for the US, Bob Dinerstein. Harding joined UBS in 1996 from Clifford Chance where […]

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