Axa reshapes legal department

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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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Gibson Dunn nets £470m gas sale

Gibson Dunn & Crutcher advised long-standing client, First Reserve Corp on the £470m sale of UK natural gas producer Caledonia to German power company Eon. Caledonia’s 14bn cubic metres of reserves and pipeline shares were acquired for cash and assumed debt by Eon, which has also expressed interest in acquiring ScottishPower. The London office of […]

Grapevine

Shock, horror! Allen & Overy (A&O) New York managing partner Dan Cunningham was not the firm’s highest paid partner in the last financial year.

Shoosmiths to split finance and IT head role as director quits the law

Shoosmiths to split finance and IT head role as director quits the law” />Shoosmiths’ head of finance and IT Rosemary Kind has quit to pursue a career in writing after ushering the firm through an incredible four years’ growth. Since Kind joined the firm in 2000, Shoosmiths’ average profit per equity partner (PEP) has risen […]

Sheridans snares Simkins team

UK entertainment and media law firm Sheridans is set to launch a new film and television practice after snatching two partners from The Simkins Partnership. Media law specialists Peter McInerney and Robin Hilton, both former partners of Simkins, will lead the new practice. Peter and Robin’s team will also include assistants Kate Davies and Kazuko […]

White & Case, B&M first to cash in on post-war Serbian market with Mobtel sale

US firms White & Case and Baker & McKenzie (B&M) are among the first international firms to benefit from Serbia’s growing post-war market, having advised on the successful acquisition of a stake in Serbian mobile telecommunications carrier Mobtel. Austrian investors Martin Schlaff, Josef Taus and Herbert Cordt have finalised the takeover of an unspecified stake […]

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