Clydes recruits two partners to Abu Dhabi

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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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BLP boss vows to target corporate practice growth

Berwin Leighton Paisner (BLP) managing partner Neville Eisenberg has pledged to expand the firm’s corporate practice as an “absolute priority”, following his election for a fourth term. Eisenberg, who was voted in unopposed last week, has been trying to raise BLP’s profile in the corporate market for ­several years. He said it remained a key […]

AIG restructuring calls on US elite

Davis Polk & Wardwell, ­Simpson Thacher & Bartlett, Sullivan & Cromwell and Weil Gotshal & Manges won lead roles on the restructuring of US insurance giant AIG. Davis Polk partners John Amorosi and John Knight are advising the US Treasury. In exchange for a $30bn (£21.18bn) lifeline, the US government will take control of two […]

BA counsel steps down to embark on ‘third career’

British Airways (BA) general counsel Robert Webb QC is stepping down from the role at the end of March. A well-known figure in legal circles, Webb spent 25 years at the bar before joining BA. He sat opposite the BA when instructed by Virgin during the infamous ‘dirty tricks campaign’ in the 1990s. After joining […]

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Slaughters closes applications from non-law grads

Slaughter and May has closed training contract applications to non-law students early while those studying law still have time to apply for a place on the firm’s 2011-12 intake. Graham White The City law firm has confirmed to Lawyer2B.com that the number of trainees it is planning to recruit for 2011-12 will remain unchanged at […]

27

Norton Rose moots four-day week to save jobs

Norton Rose moots four-day week to save jobs” />Norton Rose is to offer staff a four-day working week as part of a year-long contingency plan to cope with the economic downturn. The firm will ask eligible staff to agree to work part-time on 85 per cent of base salary for a year, or take a […]

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