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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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The view from New York

Like the investment banks that last month paid out record bonuses just as they reported unprecedented levels of mortgage-related writedowns, the US law firm figures that have started to emerge have an element of unreality about them. Like the investment banks that last month paid out record bonuses just as they reported unprecedented levels of […]

Simpson Thacher’s client care lesson: dedication, that’s what you need

There’s more to Simpson Thacher than just KKR and Blackstone – but not much The name Simpson Thacher & Bartlett is synonymous with two private equity giants: Kohlberg Kravis Roberts (KKR) and Blackstone Group. And perhaps the most astonishing thing is how Simpson Thacher has managed to keep these two happy at the same time. […]

Separated at birth

Tulkinghorn is this week swapping his quill for a bow and arrow. Of course Tulkinghorn has no violent intentions. On the contrary, he is playing Cupid. In last week’s issue Pilsbury chairman Jim Rishwain was urged to abstain from the petulant tendencies of his doppelgänger Larry David. This week Tulkinghorn has found the perfect companion. […]

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Even lawyers have to face up to it: gaining and retaining clients is no longer something purely done by the business development people within your firms. Even lawyers have to face up to it: gaining and retaining clients is no longer something purely done by the business development people within your firms. Lawyers increasingly need […]

UK law firms emerge as private equity frontrunners with £1.2bn fee windfall

UK law firms made an estimated £1.2bn from the private equity sector last year, according to new figures released by the British Private Equity and Venture Capital Association (BVCA). A number of high-profile takeovers were completed in 2007, including the Kohlberg Kravis Roberts-backed management buyout of Alliance Boots – the first time a FTSE100 company […]

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