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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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Chinese whispers

And the prize for tenuous link of the year goes to… Clifford Chance. And the prize for tenuous link of the year goes to… Clifford Chance. In a press release heralding its role advising Aluminum Corporation of China on the acquisition of a stake in Rio Tinto, what do you think the firm managed to […]

Dorsey defectors like the single life

The most senior partner in the trio of commercial litigation lawyers who moved from Dorsey & Whitney to LG today, as revealed on www.thelawyer.com (8 February), has dubbed the shift “a vote in favour of the solid single office law firm”. Jean-Pierre Douglas Henry, who became a partner in 2006 on joining from Slaughter and […]

WFW splits shipping and finance in rebrand

Watson Farley & Williams (WFW) is attempting to rebrand its finance practice away from shipping by splitting it into two practice groups. The new finance departments make up almost half of WFW’s business and will be split off into shipping finance (WFW’s traditional finance engine) and international project and structured finance, which has in recent […]

Walkers and Mourant merger talks collapse

Offshore heavyweights Walkers and Mourant have called off merger talks. The merger would have created the world’s largest offshore firm. Walkers managing partner Grant Stein said the firms had held a series of meetings this week and agreed that there were synergies between the firms. “However,” he added, “in evaluating what was best for each […]

Gibson Dunn rehires old hand

Former Gibson Dunn London finance partner has returned to his former firm after a 10-year stint at Leboeuf Lamb Greene & MacRae and Dewey & LeBoeuf. Mitri Najjar, who will split his time between the London and Dubai offices of Gibson Dunn, was snared by Leboeuf (now Dewey & Leboeuf) in 1998 to beef up […]

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