Cost-cutting drive keeps Freshfields at top spot in German league tables

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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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Herbert Smith closes first RBS leveraged financing after panel win

Herbert Smith has closed its first leveraged financing for Royal Bank of Scotland after winning its coveted place on the £100m plus deals panel last November. The firm successfully advised RBS on a funding package for Cygnet Healthcare, a provider of psychiatric treatment and care centres in the UK. The size of the deal has […]

The sweet smell of distress sees vulture funds eye Sainsbury’s

The supermarket giant is in trouble and the bondholders are twitching nervously. By Helen Power Distressed M&A is increasingly vogue in Europe. Since the turn of the century it has spawned an ever-growing band of bondholder activists, hedge funds, restructuring management consultants and hordes of US law firms still piling into London to service them. But four years on, […]

Careers: in brief

Countrywide Legal Indemnities, the specialist legal indemnity intermediary, has launched what it calls “the most comprehensive self-issue legal indemnity pack available”. The pack – the result of two years’ market research throughout the legal profession – is called ‘OnCover’, and offers 16 of the most requested covers, catering for both residential and commercial properties at […]

Separated at birth

Everybody wants to go global these days. It’s not enough to be top of your game in one place, you’ve got to be everywhere. International. So it’s appropriate that Liverpool FC’s new Spanish manager, Rafael Benitez, late of Valencia, doubles as the managing partner of expansionist Channel Islands firm Mourant du Feu & Jeune. The […]

Fidal scoops EY Law partner

EY Law in Paris has lost yet another partner – this time to rival Fidal. Hervé Bidaud, a tax specialist, moves to the French number one after time as a partner at both Archibald Andersen and EY. As well as being a part of Fidal’s tax practice, Bidaud will work with Fidal’s management to develop […]

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