DLA drafts UN report on Myanmar

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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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White & Case, B&M first to cash in on post-war Serbian market with Mobtel sale

US firms White & Case and Baker & McKenzie (B&M) are among the first international firms to benefit from Serbia’s growing post-war market, having advised on the successful acquisition of a stake in Serbian mobile telecommunications carrier Mobtel. Austrian investors Martin Schlaff, Josef Taus and Herbert Cordt have finalised the takeover of an unspecified stake […]

Legal Widow

If, like my husband’s, your firm is located somewhere in the outer reaches of Siberia, it is not only cold in winter – and I mean that as much in a metaphorical, Now, Voyager sense as in the “really wish I’d installed underfloor heating when we did the kitchen” sense – it is also a […]

Morgan Lewis signs Simmons’ Tokyo ally

US firm Morgan Lewis & Bockius has announced a new Japanese joint venture with TMI Associates – TMI’s second international joint venture. TMI also has an official relationship with UK firm Simmons & Simmons, which was established in September 2001. The new partnership, named Morgan Lewis-TMI, will specialise primarily in cross-border corporate transactions in Japan […]

Equitable settles: E&Y silk Hapgood slams “pointless” claim

Equitable Life has this morning settled its £2.6 b claim against former auditors Ernst & Young by discontinuing its claim, with each side left to pay its own costs. Ernst & Young’s barrister Mark Hapgood QC of Brick Court Chambers, described Equitable’s move to settle as the “biggest climb-down in English legal history”. “At the […]

Alston & Bird bags War on Terror general counsel

ALSTON & Bird has welcomed back partner Joe Whitley to the fold after two years as the first general counsel to the US Department of Homeland Security (DHS), created in the wake of the September 11 terrorist attacks on New York. As general counsel, Whitley oversaw about 1,500 lawyers and 400 support staff from 22 […]

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