Alston & Bird lands IndyMac role

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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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Professional negligence: An uncivil action

A forthcoming Lords decision in the case of Moore Stephens v Stone & Rolls could well see auditors better protected from spurious claims. The case of Moore Stephens v Stone & Rolls (2008) first made headlines as the largest case involving third-party ­litigation funding. However, the recent Court of Appeal judgment of 18 June is […]

Met Police panel rejig sees 13 firms collared

The Metropolitan Police has overhauled its legal panel, with Bircham Dyson Bell, Burges Salmon and Eversheds among 13 law firms to win places. The firms will be tied into the panel for four years, with the value of the work they will receive estimated at up to £5m a year each. Met director of legal […]

Magic circle trio in on £26bn drinks deal

Three magic circle firms have scored plum roles on the financing of InBev’s $52bn (£26.12bn) acquisition of US drinks company Anheuser-Busch, the makers of ­Budweiser beer. Allen & Overy (A&O) secured bank mandates advising BNP Paribas, Deutsche Bank and JPMorgan on Anheuser-Busch’s financing. London partner Melissa Samuel led the firm’s team. Clifford Chance London partner […]

Correction

In last week’s issue of The Lawyer (14 July), a feature entitled ‘Closing time’ stated incorrectly that Candu Entertainment is, or was, the operator of the Po Na Na family of bars. As a spokesman for Eclectic Bars pointed out: “Po Na Na and its associated bar brands Bondi, Embargo, Sakura and Fez are all […]

Simmons coordinates global bonus packages

Simmons & Simmons is rolling out a new bonus structure for all non-equity partners ;in ;a ;bid ;to ­harmonise remuneration across its global network.Salaried partners will now be given a reward of between 20 and 50 per cent of annual pay, depending on personal appraisals. Previously there were ­different bonus schemes in each of the […]

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