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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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Iceland: A bleak jobscape

The banking crash is still firms’ major source of activity but an oversupply of lawyers means graduates face an even tougher time as that work dries up The crash of the Icelandic banks in 2008 has hung over the country’s economy ever since, deterring foreign investment and clogging up the court system with litigation. Many […]

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Twitter GC says we should all goof around more as he steps down

Twitter general counsel Alexander Macgillivray has surprised the social media sphere by stepping down from his role, passing the torch to legal director Vijaya Gadde. Macgillivray, known for his championing of free speech online, announced his departure on Friday (30 August) via Twitter, posting a link to his blog where he said he was looking […]

Maria Papaconstantinou of Pamboridis is first in class in Cyprus Bar exams

Maria Papaconstantinou completed her legal training and was first in her class of trainees at the Cyprus Bar Association examinations. Papaconstantinou, who joined Pamboridis in October 2012 and currently works in the Nicosia office, studied Law at the University of Southampton. She continued with a master’s degree in maritime law at the same university.

Jeff Winn
4

Winn Group sells 60 per cent stake to outside investors to drive growth

Personal injury (PI) firm Winn has attracted investment from two high-profile investment companies, with JZ International (JZI) and Souter Investments taking a 60 per cent stake in the outfit. It is the latest insurance claims firm to take outside investment following the likes of Parabis, which took investment from private equity house Duke Street (19 […]

Allen & Overy advises IC Hotels UK Pension Trust Ltd on bulk annuity policy purchase

Allen & Overy has advised the trustees of Intercontinental Hotels Group’s pension scheme on its purchase of a £440m bulk annuity policy with Rothesay Life. The bulk annuity policy insures the defined-benefit benefits of the pension scheme. Däna Burstow, pensions partner at Allen & Overy, worked on the deal with support from senior associate Jane […]

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