Bingham advises Northern Rock creditors

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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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Inside’s out

The Supreme Court’s overturning of the High Court’s not-guilty verdict on Ireland’s most famous insider dealing case is a crucial victory for businesses, say Conor McDonnell and Keith Smith “It used not to be considered any sort of sin to profit financially from the use of secret, private or privileged information. That was how fortunes […]

Firm in focus: Denton Wilde Sapte

Denton Wilde Sapte (DWS) is increasing its secondments to the Middle East following the firm’s rapid expansion in the region. As revealed in this edition of The Lawyer (page 7), DWS chairman James Dallas is moving to the Dubai office to head the energy and infrastructure practice group. The firm currently has four secondees in […]

Companies Act ushers in derivatives actions

A raft of legislation has come into force today (1 October) from the age increase for buying cigarettes from 16 to 18 years-old to the introduction of the Companies Act 2006. The latter is expected to have a major affect on the City. The Companies Act will allow for wider accountability of company directors with […]

Addleshaws creates managing associate position

Addleshaw Goddard has added a further level to its career development path via the introduction of a managing associate position. The role, which is a further stepping stone in the route to partnership, was introduced earlier this month after a formal review of the firm’s career path. A total of 134 lawyers have been promoted […]

Burness lands urban redevelopment role

Scottish firm Burness has won a new client in the shape of the Irvine Bay Urban Regeneration Company (URC). This is the sixth URC the firm has worked with in Scotland. One of the first projects the firm, led by partner Stephen Phillips, will oversee for Irvine Bay is the development of Irvine Harbourside. Burness […]

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