Baker & McKenzie hires ICI trade guru

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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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MDPs hindered by European law soc

Multidisciplinary partnerships have received a fresh blow following the European bar collective’s recommendation that they should not be permitted. The latest policy statement from the Council of the Bars and Law Societies of the European Union (CCBE) states that MDPs threaten the independence of the legal profession. The policy statement goes on to say that […]

Rethinking the Islands’ top firms

I refer to the article contained in The Lawyer on 6 December 1999, entitled “Channel Island firms offer one-stop shop”. There is reference to “Jersey’s four dominant firms”. Although not specifically stated, it is clear from the article that this is a reference to Mourant du Feu & Jeune, Ogier & Masurier, Bedell & Cristin […]

AOL and Time Warner merger legal teams revealed

The boards of both companies have approved the deal which, if regulators give it the go-ahead, will create a new company worth $327 billion by the end of the year. Simpson Thacher & Bartlett’s corporate partners Richard Beattie and Peter Ruegger and associate Peter Malloy are providing counsel for AOL. The firm was reportedly invaded […]

Care costs in High Court

Kent County Council has launched High Court action in a bid to claim back the cost of the nursing home care it funded in respect of a woman who died in January 1996. The council is taking Jennifer Tapley, executor of the estate of Vera Bennett, to court. It claims that Tapley must pay more […]

Refinancing

Linklaters & Alliance has advised Halifax Group on the first issue by a UK bank of tax deductible tier 1 capital, which raised £500m. The team was led by capital markets partner Andrew Roberts and tax partner Jonathan Richards. Allen & Overy advised lead managers Warburg Dillon Read and Lehman Brothers while Mourant du Feu […]

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