Dechert: second round of layoffs this month

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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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WilmerHale puts more rungs on the ladder

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McClure Naismith makes real estate hire

Former DLA Piper ­Glasgow partner David Thomson has joined the real estate practice at Scottish firm McClure Naismith. Former ;DLA ;Piper ­Glasgow partner David Thomson has joined the real estate practice at Scottish firm McClure Naismith. Thomson was one of a series of property partners to depart DLA Piper in ­Scotland last year. He exited the firm […]

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Offshore

All offshore eyes are carefully watching the movements of Stop the Tax Haven Abuse Act, the Bill introduced to the US Senate by US President Barack Obama in February 2007. If there is to be any reformation of offshore jurisdictions it will begin in the US with this Bill. Also at the forefront of offshore […]

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Magic circle corners market as businesses turn to rights issues

As the economy worsens, companies are looking to squeeze shareholders for extra capital. A glut of rights issues are anticipated over the coming months, as cash-strapped companies turn to their shareholders to raise extra capital. Relatively rare during a boom period, share issues are a vital source of money when the credit markets dry up. […]

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Trowers first to fall prey to Middle East downturn

Gulf stalwart cuts jobs across region; prospects bleak in ‘dead’ Dubai Trowers & Hamlins has become the first firm to cut jobs in the Middle East as cracks begin to show in the previously booming Gulf legal market. The firm, which has built its reputation on the back of four decades in the region, has […]

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