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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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Hammonds and Memery Crystal float on AIM high as IPOs hit record levels

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Slaughter knocks out rivals for Standard Life deal

Slaughter and May has won out against a slew of City firms for the coveted role as legal adviser on the demutualisation of Standard Life. The demutualisation will be the first time that Slaughter has acted for the company which undertook a review of its legal panel, beginning in March, in preparation for the mandate. […]

B&M takes on iTunes launch for Apple

Baker & McKenzie’s (B&M) London office advised Apple on the European launch of its iTunes digital music download service, announced last week. B&M has had a stranglehold on much of Apple’s UK legal work, but recently lost out to Linklaters in Apple’s dispute with The Beatles’ record label, also named Apple. B&M partners Michael Hart and Christina […]

CMS alliance firms forge closer ties in Russia

The Moscow offices of CMS Cameron McKenna are set to unite under one roof in a bid to forge closer ties between the firm’s allied UK, German and French arms. CMS Cameron McKenna, CMS Hasche Sigle and CMS Bureau Francis Lefebvre will occupy 2657 square metres of space in Moscow’s Ostozhenka district, the historical and […]

Gawie Nienaber: CSC

IT outsourcing giant CSC’s Gawie Nienaber is happy with Europe’s progress, but eager law firms will have a hard time prising work from his department. By Steve Hoare I’ve done this job, as European general counsel for CSC’s EMEA [Europe, Middle East and Africa] operations, since 1993. The analogy I use is that it’s a […]

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