CGNU demands force Hugh James Ford Simey to split

CGNU has prompted the demerger of Wales and South West firm Hugh James Ford Simey

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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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Osborne Clarke cancels drawings

Osborne Clarke has taken the step of cancelling its partners’ quarterly drawings as a precautionary measure against the economic downturn The measure applies to all equity partners across the board, and if evened out over the course of the year, it would equate to some 20 per cent of a partner’s total earnings.Senior partner Leslie […]

Deals summary

Nicholson Graham & Jones (Piers Coleman) acted for Heron Portfolio Investments on the sale of its building occupied by the Office of National Statistics to Royal & SunAlliance Life & Pensions. Linklaters (Alex Smalley, Julian Innes-Taylor) acted for the buyer. Lovells (Michael Stancombe), Berwin Leighton Paisner (Clayton Beerman) and Nabarro Nathanson (Richard Johnson) advised Coal […]

Worth fighting for

Zimbabwean lawyer Lydia Zigomo is taking a stand against President Mugabe’s corrupt regime despite the threat of violent repercussions Isn’t life hard for the average City lawyer at the moment? There’s so much to think about. Even if turnover is going to hit budget by the end of the financial year, profits are probably going […]

Travers in record NTL recapitalisation

Travers Smith Braithwaite has been appointed to the $20bn (£14.2bn) recapitalisation of NTL, which is considered to be the biggest debt restructuring ever The telecoms company is a longstanding corporate client of Travers, but such a massive restructuring is a major coup for the corporate recovery team.The Travers team is led by head of corporate […]

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