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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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Separated at birth

According to a Hammonds source, the new top man at Hammonds appears to have something of a decent pedigree. Perhaps Peter Crossley’s double life as Sir Roy Gardner, chief executive of Centrica, was the reason he won the managing partner election unanimously in August. Litigator Crossley stood unopposed for the role while doubling not only […]

EY Law Paris endures more exits

EY Law’s Paris office has been hit with another wave of departures. Corporate finance partners Dominique Gerry and Jerome Gertler left EY for niche international firm Adamas at the beginning of September. They took with them four associates and several paralegals. The news comes just a week after Paris boutique Ginesté Paley-Vincent & Associés scooped […]

Silent partner

Even the biggest eejit knows that you have to give your boss notice when you’re leaving. Unfortunately this didn’t occur to a certain US partner who has just left his extremely elite New York practice for a magic circle firm. Apparently this bright spark sent round an email telling his colleagues he was off, without […]

BLP ramps up finance team with hires from DLA and Camerons

Berwin Leighton Paisner (BLP) has snared two new capital markets and project finance partners as part of the firm’s continuing bid to bolster its finance practice. PFI and project finance specialist Kevin Jordan joins from DLA’s structured finance team, while capital markets and securitisations specialist Julian Ogley joins from CMS Cameron McKenna, where he was […]

Freshfields overcomes conflict on Siemens deal

Freshfields Bruckhaus Deringer advised Siemens Business Services on its £2bn sale and outsourcing deal with BBC Technology despite conflict of interest concerns raised by senior partner Anthony Salz’s position as vice-chairman of the broadcaster. Siemens appointed Freshfields in May and Salz was appointed in August. The deal concluded last week. “It was agreed with the […]

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