Cads scores vital Eurotunnel court victory

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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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CC’s US associates get pay rise; Brits will have to wait

Clifford Chance is the first UK-headquartered firm to raise its associate base salaries in America. A spokeswoman for the magic circle firm said there were no plans to match the salary raises for its associates in the UK. An internal memo to US-based associates from US managing partner Craid Medwick and New York-based litigation partner […]

Threadneedle scores Norton Rose partner

Norton Rose dispute resolution partner Philip Reed has left the firm to join Threadneedle Investments, the UK’s fourth-largest retail investment funds manager, as general counsel. The general counsel position is a newly created role for the company that will have board influence and will oversee the combined legal and compliance functions – a total in-house […]

New York’s finest respond to Simpson salary gauntlet

New York firms Cadwalader Wickersham & Taft, Paul Weiss Rifkind Wharton & Garrison and Sullivan & Cromwell have moved quickly to match Simpson Thacher & Bartlett in offering pay hikes across all associate levels.

Yesterday’s announcement from Simpson …

CC partner blasts Bush govt and rejects boycott threat

Clifford Chance’s US partner in charge of pro bono has slammed the US attorney general Alberto Gonzales, who recently blamed law firms for the delay in bringing Guantanamo inmates to trial. The Clifford Chance partner’s words intensify the battle between firms acting for Guantanamo prisoners and the Bush administration, which has called for corporate clients […]

German CC partner faces shredding charge

Clifford Chance is embroiled in controversy as one of its Frankfurt-basedpartners faces the prospect of criminal charges. Corporate partner Kersten von Schenck is to face the German publicprosecuter later this year. In 2003, Schenck who acted as notary to Deutsche Bank, shredded the firstdraft of the meeting notes, which related to the bank’s Annual GeneralMeeting. […]

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