Six-month PEP up 30 per cent at Taylor Wessing

Taylor Wessing is anticipating at least a 30 per cent rise in profits at its half-year stage.

The firm’s UK managing partner Michael Frawley said figures were yet to be finalised but average profit per equity partner (PEP) could rise as much as 35 per…

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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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Lowenstein beats US elite to Chapter 11 litigation

New Jersey firm Lowenstein Sandler has beaten US heavyweights Reed Smith, Sonnenschein Nath & Rosenthal and Winston & Strawn to advise the unsecured creditors committee in a Chapter 11 bankruptcy matter. The firm, ranked 173 in the AmLaw 200, won a beauty parade to represent the unsecured creditors committee – which represents 500 plaintiffs who […]

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Eversheds has scored a major coup for its fraud team with the hire of Serious Fraud Office (SFO) deputy director Peter Kiernan as a partner. Kiernan, who joins Eversheds in January, will work alongside fraud head Gerallt Owen, a recruit from Orchard Solicitors in August 2004. The hire is designed to complement the firm’s existing […]

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