Bingham raids White & Case in Tokyo for seven lawyer funds team

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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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London

Travers promotes three in cut down partnership round

Travers Smith has made up three associates to partner, in a promotions round less than half the size of last year’s. The firm has promoted litigator Jan-Jaap Baer, funds specialist Jeremy Elmore and banking and corporate recovery lawyer Danny Peel to its partnership. Last year Travers promoted eight associates to partner (16 May 2012). In […]

prison

How transforming Legal Aid will affect people accused of a crime who cannot afford legal fees. A commentary by Maura McGowan QC

The proposals contained in the Ministry of Justice’s (MoJ) paper, Transforming Legal Aid, would completely alter the way people accused of a crime and cannot afford to pay their own legal fees, will be represented. The proposals contained in the Ministry of Justice’s (MoJ) paper, Transforming Legal Aid, would completely alter the way people accused […]

Linklaters
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Ex-Dewey tax partner exits Linklaters’ Washington base for KPMG

Linklaters Washington DC tax partner Joseph Pari has left for KPMG, roughly a year after moving to the magic circle firm ahead of the collapse of Dewey & LeBoeuf. Pari left Linklaters on 30 April to join the accountancy giant in the US capital as a principal in federal tax. He was officially based in […]

Exclusive remedies clauses: UAE law and the common law

An exclusive remedies clause provides that a party’s remedy for breach of contract is restricted to the form of redress expressly prescribed in the contract to the exclusion of all other remedies that would otherwise be available at law. Such a clause means that a party’s rights and liabilities are codified in the contract. Exclusive […]

UAE: ratification of domestic arbitral award

Al Tamimi was instructed by a client, the claimant, to initiate legal proceedings to ratify and enforce an arbitral award issued in the client’s favour ordering the other party, the respondent, to pay the amount of AED52m (£9m). This amount represented an outstanding amount due to the client in addition to damages for breach of […]

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