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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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It should be bard

Tulkinghorn would like to say a big thank you to James S Barnett, a solicitor and commissioner of oaths from the sunny climes of Hungerford, who recently took some time to put The Lawyer straight on a few points. In a vastly entertaining, and may I say a very well-written letter, James, whose middle name […]

Apax

Apax is a long-term client of private equity specialist SJ Berwin. Corporate finance partner John Daghlian has already acted on the last three funds for the house, but this one is believed to be one of the largest ever raised in Europe – most are usually around half the value of Europe V. SJ Berwin […]

Corporate

Carrefour sells frozen food subsidiary Picard Surgelés to consortium led by Candover Investments and Chevrillon et Associés for $585m (£405.59m). Carrefour advised by Clifford Chance (Marcus Billam). Consortium advised by Linklaters & Alliance (David Aknin). Founding partial owners of Picard Surgelés advised by Bredin Prat & Associés (Dominique Bompoint) and Scotto Wilinski et Associés (Lionel […]

BAR TALK

The paradigm of legal redress in action is the trial. A hearing, live witnesses, cross-examination, wigs, gowns, all the trimmings. A full trial. Full trials are, however, expensive, time-consuming and often unnecessary. Quite apart from pre-trial settlement, many claims are judged summarily without a trial or even struck out. However, Article 6 of the European […]

…and promotes Lippell to head of corporate finance

Leading regional firm Addleshaw Booth & Co is overhauling the management of its corporate finance group. Incumbent Jonathan Shorrock is stepping down in May to be replaced by highly-regarded corporate finance partner Sean Lippell. Shorrock will return to fee-earning full time after three years as manager of the group. He has a range of big-name […]

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