Clifford Chance taps Thacher Proffitt for US banking hire

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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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Separated at birth

Clive Anderson does anything but Talk Back these days. In fact, he’s seldom seen talking at all – at least not on television. Clearly not content to while away the years on the radio, the former chat show host has upped sticks to Moscow and conveniently assumed the identity of Bleddyn Phillips, Clifford Chance‘s recently […]

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Law firm salary reviews: a bit of an anticlimax

This year’s first round of associate salary reviews has been an all-round disappointment. Although there were several pay-freezes and a couple of modest increases, unlike during the previous downturn there have been no cuts, as this year firms have been buffered by strong financials carrying through from the first half-year. Herbert Smith led the pessimism […]

Olswang pleased with ‘comforting’ financial results

Olswang has posted an 11.2 per cent increase in revenue over the past year, up to £92.4 million from 83.1m the year before. The firm’s commercial team reported growth of 28 per cent in 2007 while the corporate group grew 12 per cent year-on-year. The figures show a steady growth but will not help block […]

Ashurst bolsters Frankfurt with White & Case hire

Ashurst bolsters Frankfurt with White & Case hire” />Ashurst’s Frankfurt office has hired White & Case local acquisition finance partner Anne Force. She will start at Ashurst as a partner and is qualified in German, French and English law. Ashurst’s German managing partner Simon Beddow said: “We’ve been looking for some time to expand the […]

DWF turnover up nearly 11 per cent

Northwest firm DWF has reported a 10.6 per cent rise in turnover, hitting £55.3m this year for 2007-08 after £50m the year before. As well as growing turnover, the firm has also grown its lawyer numbers in 2007-08 via an aggressive hiring spree, which included litigation partner Joel Heap and banking lawyer Graham Hall from […]

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