City firms put brake on newly-qualifieds’ pay

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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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Book review

New Masters of Flash by Tomas Jankowski et al, published by Friends of ED (ISBN 1903450039) It should be said at the outset that this is not the sort of book that you will impulse buy. And at £43 you are unlikely to get it on expenses without an eyebrow being raised. You will not […]

People’s bank / citigroup

Another nice deal for London-based Cleary Gottlieb partner Andrew Curran, who joined the firm from Lovells in 1997. This sale comes hard on the heels of his work for Kobe Steel and its subsidiary Kobelco Construction Machinery in its global alliance with CNH Global (The Lawyer, 16 April), and last year he advised Robert Fleming […]

Real Estate and Projects

Compass sells Regent Palace and Strand Palace, Cumberland Hotels, Posthouse Hotels and Heritage Hotels for an aggregate value of £1.3bn. Compass Group advised by Freshfields Bruckhaus Deringer (James Davis) and Paisner & Co (David Levy, Rachel Phillips). London & Regional Properties, purchaser of Regent Palace and Strand Palace, advised by Lawrence Graham (Michael Fielding). Grand […]

Shearmans takes on Bright for M&A push

US firm gears up for assault on European M&A as CC competition head quits; Brussels office to open in July Clifford Chance‘s head of competition Chris Bright is leaving to join the London office of New York firm Shearman & Sterling. Bright is believed to be the first top-tier English competition partner to join a […]

The Lawyer in Germany

Next week The Lawyer, in association with top German legal publisher JuVe, is launching The Lawyer Deutschland, a quarterly which will be the first UK publication to provide in-depth analysis on the Continent’s most exciting market.

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