Clementi warned that independence is critical

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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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Manches gives boost to employment capability

Stephen Levinson, the former KLegal head of employment who joined Scottish heavyweight Maclay Murray & Spens in December 2002, has left the firm to join Manches. Levinson, who was employment head in Maclays’ London office, starts today (7 June) as a partner in Manches’ London employment group, which is headed by Jonathan Maude. The hire […]

Lovells boosts Milan with Freshfields hire

Lovells has ended a bad run for its international network on brighter note, welcoming a new partner for its Italian office from Freshfields Bruckhaus Deringer. Marco Lantelme, a former senior finance associate at Freshfields, will launch an Italian capital markets and securitisation practice from Lovell’s Milan office. The firm is also understood to be planning […]

McDermott wins top German tax team

McDermott Will & Emery’s Munich office has scooped a highly rated team of tax lawyers from German firm Raupach & Wollert-Elmendorff. Arndt Raupach and Dirk Pohl, two of the best-known tax lawyers in Germany, have jumped ship, along with counsel Rüdiger con Groll and associate Gero Burwitz. Raupach, who stood down from the equity last […]

Ashurst to replace Freshfields on Green’s M&S bid

Ashurst is taking over Freshfields Bruckhaus Deringer’s role as Philip Green’s adviser on the bid for Marks & Spencer. The decision was made as an injunction barring Freshfields from acting for Green on the takeover due to concerns over pot… Ashurst is taking Freshfields Bruckhaus Deringer‘s place as Philip Green’s adviser on the bid for […]

Hearken the hacks

Why lawyers and their clients would benefit from working with journalists – especially in a crisis. By Magnus Carter In the old days of Fleet Street, lawyers and journalists spent a lot of time together, both at work and play. During the day they rubbed shoulders at the Royal Courts of Justice, and in the […]

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