City lawyers fear two-tier regulation will leave London out in the cold

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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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Skadden helps SocGen fight off US subprime class action

Skadden Arps Slate Meagher & Flom has successfully defended Société Générale (SocGen) in a class action that alleged the bank violated US securities law and misled investors over its exposure to subprime mortgages. The consolidated securities class action was brought against the bank and several executives, including former chairman and chief executive officer Daniel Bouton. […]

Shearman and Weil top of the Kops

You could say that Bill Shankly will be turning in his grave. But given the ongoing travails of Liverpool over the last few seasons the chances are he’s been on a spin cycle for quite some time now. Either way, the great man would not be happy to see the Anfield club punted around from […]

Olaf Grabowski

On the move

The head of Hogan Lovells’ German banking practice has left the firm for partnership at German independent Noerr. Move of the week Real estate and acquisition finance expert Olaf Grabowski will join Noerr’s corporate finance practice in Frankfurt. Grabowski had been a partner at Hogan Lovells’ legacy firm Lovells. Noerr is particularly keen on utilising […]

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Dozen Howrey partners break away to establish IP boutique

Howrey’s European IP head and Europe managing partner are both set to leave along with at least 10 other partners to set up their own IP firm. Among the 12 partners confirmed as leaving four are based in Brussels, seven in Amsterdam and one in Paris. Fourteen associates are also expected to leave to join […]

Covington turns to Paul Hastings for London employment team

US firm Covington & Burling has boosted its employment team in London with a team of lawyers from Paul Hastings Janofsky & Walker. Partner Christopher Walter, who was a counsel at Covington & Burling before joining Paul Hastings to chair its London employment practice, rejoins his old firm as a partner in the five-lawyer European […]

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