DLA wins BoS-Reuben role on £1.1bn McCarthy & Stone offer

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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 importance of continuous learning

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A&O, Slaughters scoop roles on M&B’s Whitbread pub acquisition

Slaughter and May has shown its strength in the pub operator market, acting for Whitbread on the sale of 239 pubs to Allen & Overy (A&O) client Mitchells & Butler (M&B). M&B has paid £497m for the Beefeater and Brewers Fayre pubs in a deal hammered out in the early hours of Friday 21 July. […]

Gold vigour

There are over-achievers, and then there’s Jill Parker. The Berwin Leighton Paisner (BLP) associate recently qualified for the Great Britain triathlon team for the World Championships in September – all while holding down her full-time property finance group role. BLP partner Mark Waghorn told Tulkinghorn that Parker had only realised she might be in with […]

Thirty quit Freshfields for pensions payout

Thirty partners are set to quit Freshfields Bruckhaus Deringer on 1 November to take advantage of favourable pension terms. Partners who are aged 50 or above had until today (31 July) to exercise the option to retire from the partnership with effect from 31 October in order to lock in their entitlement to the magic […]

A&O, CC land Man Utd debt refinancing instructions

Allen & Overy (A&O) and Clifford Chance have been called up for a second time to advise Manchester United and JPMorgan on a £660m debt refinancing that increased the amount of money borrowed against the club’s assets, but reduced its exposure to payment-in-kind notes (Piks). Under the terms of the deal, Man Utd’s overall debt […]

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