Ten US firms up salaries; London will have to wait

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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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McDermott pensions head quits for K&L Gates

McDermott Will & Emery has lost its head of pensions and incentives, Danny Tsang, to the London office of Kirkpatrick & Lockhart Preston Gates Ellis (K&L Gates). Tsang, whose practice focuses on all areas of pensions, employee incentives and stock options, is joining Kirkpatrick in February to launch a UK pensions team at the US […]

GE Commercial Finance swaps Euro counsel

GE Commercial Finance has named Lorna Curry as the replacement for Kevin Dunn, the general counsel for European corporate finance. Dunn has been promoted to European head of leveraged finance. In her new role, Curry will oversee all European legal matters for the unit, which is made up of almost 2,000 employees and provides capital […]

Christian Salvesen to divide legal team focus

Transport logistics company Christian Salvesen has restructured its in-house legal department to better split the focus between commercial and company secretarial duties. The restructure sees Keith Marriott promoted to the newly created role of commercial legal director, while Ian Rose has been promoted to the role of assistant company secretary. Legal director and company secretary […]

Private collections

With the use of private companies for public sector work, the tricky issue of insolvencies has been raising its head. Victor Tettmar reports on the issue of the taxpayer not only paying for poor service, but paying again to save the underperforming provider

Maple grief

Grave charges indeed have been levelled at the New York office of Wall Street stalwart Sullivan & Cromwell. On 16 January 2006 M&A associate Aaron Charney filed a complaint against Sullivan,in which he alleges a litany of discriminatory comments and behaviour towards him by his Sullivan peers and superiors once his homosexuality became known. The […]

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