Allen & Overy hires Stephen Lloyd as private equity partner in its corporate group

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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 […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

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 […]

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Conyers Dill & Pearman advises Kofax on corporate restructuring

Conyers Dill & Pearman has advised Kofax on a corporate restructuring by way of a scheme of arrangement under the UK Companies Act 2006 between Kofax and its shareholders, as sanctioned by the High Court of England and Wales. The scheme resulted in the creation of a new Bermuda incorporated holding company, Kofax Ltd, for the Kofax […]

BP

Baker Botts helps UK Government back BP in US federal contracting ban challenge

A heavyweight roster of firms along with the British Government swung into action in a Texas courtroom last week to help BP challenge a US ban on it bidding for federal government contracts. The lawsuit, heard in a Texas federal court, was filed by BP this August to challenge an action by made on 28 […]

Do you qualify for CRC Phase 2? Register soon to avoid a fine

The CRC Energy Efficiency Scheme is a UK government initiative to reduce carbon dioxide emissions from organisations meeting certain qualification criteria. If an organisation meets the criteria, it must participate in the CRC. The first phase of the scheme runs from April 2010 to the end of March 2014. However, registration for Phase 2 of […]

Simplifying EU merger control: will it really reduce burden on business?

In March 2013 the European Commission consulted on proposals to simplify procedures under the EU merger regulation. The proposals received heavy criticism from respondents to the consultation, who disputed whether the measures would actually result in reduced burden for business. Despite this, the European Commission ploughed ahead with its reforms, and has now, albeit with […]

IRS proposes changes to Competent Authority and APA procedures: comments requested by 20 March 2014

By Michael F Patton The Internal Revenue Service (IRS) has published for comment two draft revenue procedures that change the existing process for US taxpayers requesting Competent Authority relief under the mutual agreement procedures (MAPs) and other provisions of US income tax treaties (or similar agreements) and that would change the procedures applicable to advance […]

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