Allianz calls on Shearman for merger, rejig advice

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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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Ex-Shell chairman’s tribunal defence falls foul of Grabiner

Lord Grabiner QC helped the Financial Services Authority (FSA) to secure a landmark victory over Sir Philip Watts, the former chairman of Royal Dutch Shell, last week. The tribunal decision was the latest twist in the high-profile scandal relating to Shell’s overstatement of its oil and gas reserves. Shell agreed to pay a £17m fine […]

Paul Hastings launches second Norton Rose raid

Paul Hastings Janofsky & Walker has raided Norton Rose’s Italian practice for a three-lawyer team to bolster its fledgling Milan office. Norton Rose partner Sergio Sambri, who specialises in energy and infrastructure related projects joined Paul Hastings Milan office earlier this month together with two associates. In a related move Paul Hastings Milan has also […]

Kennedys ties the knot with Spanish practice

Insurance specialist Kennedys is entering into a full merger with Spanish associate firm Araúz de Robles Y Vélez Abogados (ARV) in the firm’s first step towards international expansion. Senior partner Nick Thomas said the October merger with ARV could be followed in the future by tie-ups with some of Kennedys’ other associate offices, which include relationships […]

Solicitors to shun advocacy as criminal barristers strike

Solicitors will refuse to carry out advocacy in criminal cases during the forthcoming criminal bar strike, even if a court demands that they appear. The Law Society has told solicitors that they must not act, or continue to act, if a client “cannot be represented with competence or diligence”. Additionally, if a solicitor is not qualified as an advocate, […]

Calyon, Cobbetts pair to write for The Lawyer

The winners of The Lawyer’s competition to send two readers on charity-related field visits as honorary journalists – one to street children’s charity ChildHope’s operations in Tanzania and the other to the Cystic Fibrosis (CF) Trust’s world-class laboratories in London – were announced last week. Jonathan Wood, an in-house lawyer in investment bank Calyon’s London […]

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