Brief encounter: allen & overy

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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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JLPBS

JLPBS Forbury, a joint venture between John Laing Property and the Bank of Scotland, acquires Energis House in Reading. Two leasehold interests were surrendered by Caradon and Energis. CMS Cameron McKenna advised JLPBS Forbury (David Saunders) and Caradon (Colin Jesson). Davies Arnold Cooper advised Energis (Ian Hunter).

Camerons offloads its Central Asia lawyers

Dentons hires controversial team to boost Tashkent and Almaty; Camerons keeps Moscow office CMS Cameron McKenna is transferring its entire Central Asian operations in Tashkent and Almaty to Denton Wilde Sapte. The 11-lawyer team, including the head of the CIS practice at Camerons Elena Kirillova, will move on 1 November. The move comes after a […]

petroplus

This is the first time Weil Gotshal & Manges has acted for Petroplus International and is one of the few recent non-telecoms European high yield debt offerings. The firm was recommended to the client by the initial purchasers of the notes, ING Barings. London-based US partner Michael Brady led the team advising the midstream oil […]

Eversheds boosts private equity department

Ian Richardson, who was head of corporate at Eversheds’ Leeds office for 18 months, is relocating to London with two associates to shore up the two partner City private equity group. He will also be responsible for building up the firm’s private equity client base in its French and Dutch offices as well as being […]

CC advises Wates on £250m property sale to Prudential

Clifford Chance has advised Wates City of London Properties on one of the largest real estate investment sale transactions in the City this year. Prudential, advised by Berwin Leighton, paid around £250m for the multi-let buildings of City Tower, City Place House and 90 Queen Street, and Wates’ 45 per cent interest in Winchester House, […]

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