Ashurst Morris Crisp joins US merger race

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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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Herbert Smith advises Stagecoach in US drive

Herbert Smith, Simmons & Simmons and US firm Simpson Thacher & Bartlett have won a race against time to put Stagecoach on the road in the US. The firms advised on the transport group’s u1.16bn takeover of Coach USA. The deal was completed in just three weeks in the face of other competing bids. Herbert […]

Time to curb the personal litigant

The increasing cost of litigation and the proposed draconian reforms to the UK’s legal aid system are forcing many citizens to either abandon legal action altogether, or – increasingly commonly – encouraging them to take the hazardous but rather less costly route of becoming a personal litigant. As the courts system is likely to witness […]

Shoosmiths to relocate PI and recovery unit after contract win

Shoosmiths & Harrison is planning to relocate the bulk of its personal injury (PI) and uninsured loss recovery (ULR) work to a new office in Basingstoke by the first quarter of the year 2000. Lawyers who refuse to move from the existing operations at Shoosmiths’ Solent and Reading offices face redundancy as those offices will […]

CC seeks IT compatibility for merger

Clifford Chance is updating its IT system – and is on the lookout for one that will be compatible with the technology used by proposed merger partner, US firm Rogers & Wells. Clifford Chance has yet to make a decision on which practice management system it will eventually choose, but Chris Hoad, senior development manager […]

French govt gives MDPs green light

The long-awaited report from the French Government on multidisciplinary practices (MDPs) is believed to have given the concept the green light only weeks after it was vetoed by the French bar. French newsletter Juristes Associes claims to have seen an advance copy of the Nallet Report, which will not be officially released until a few […]

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