Competition director hits out at efficiency

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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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Macfarlanes wins place on PPM Ventures panel

Macfarlanes has secured the position of secondary UK adviser to private equity house PPM Ventures. The move follows the organisation’s decision to slash the number of firms on its legal panel. Lovells, PPM’s existing preferred adviser, together with Ashurst Morris Crisp and Norton Rose, missed out in the tender process that started in the summer. […]

KLegal turns to the regions on back of KPMG

Accountancy-tied firm KLegal has initiated a new regional strategy to roll out multidisciplinary offerings from KPMG offices across the UK The move, focusing on niche practice areas, is a bid to capture work from existing KPMG mid-market and FTSE 350 regional clients. Top partners, including head of the intellectual property (IP) group James Hodgson, are […]

Orrick takes on $9bn State of California municipal finance deal

Californian firm Orrick Herrington & Sutcliffe has scooped work from the State of California to advise on a $9bn (£5.67bn) municipal finance deal, the largest such offering made in a single day The firm acted jointly with Los Angeles-based Curls Brown & Duran on the second tranche of the two-part deal, which involved a $3.5bn […]

Eversheds hires DLA insolvency partner

DLA’s Paul de la Peña joins Eversheds’ London team Eversheds has expanded its London corporate recovery and insolvency team with the appointment of partner Paul de la Peña from DLA. Simon Waller, head of Eversheds’ national corporate recovery and insolvency team, commented: “The London team has had a particularly successful year, including work on assignments […]

Mayer Brown hires California legislator

Speaker Emeritus of the California Assembly to join as partner The former Speaker of the California Assembly is to join Mayer Brown Rowe & Maw’s government relations practice as a partner. Robert Hertzberg was twice elected Speaker of the Assembly and is currently Speaker Emeritus. He will join Mayer Brown’s Los Angeles office in December […]

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