DP World: how US politicians got in the way of the lawyers

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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 […]

Recommended

McGuireWoods finalises US merger

McGuireWoods has sealed its second US merger in as many months. The 750-lawyer Richmond-based firm, which posted revenues of $344m in 2004, plans to takeover 40-lawyer Los Angeles-based Van Etten Suzumoto & Becket. In January the firm also agreed a merger with Chicago-based Gordon & Glickson. That deal boosted McGuireWoods’ Chicago office to around 150 […]

Ferring counsel departs due to Swiss role

The long-serving general counsel of privately owned company Ferring Pharmaceutical has quit after the company relocated from Copenhagen to Wallisellen, Switzerland. General counsel Patricia Barclay decided not to move with the company headquarters, which could leave Ferring without a general counsel for much of the year. She has been general counsel since 1984. Ferring has […]

Freshfields managing director quits

Freshfields managing director Kirk Stephenson has resigned from the magic circle firm in the first internal shake-up since its management election last year. Stephenson’s resignation, which will be seen as marking a break from the old management team, was announced to partners yesterday. Stephenson joined Freshfields as finance director in 1999 after spells as FD […]

Lovells scores £9bn Vodafone deal for SoftBank

Lovells’ Tokyo arm has scooped the lead advisory role for SoftBank on the Japanese internet service provider’s £9bn purchase of Vodafone’s flagging mobile telecoms business. Vodafone has rejected proposals by private equity firms Cerberus and Providence and Kohlberg Kravis Roberts, instead deciding to proceed with its advanced negotiations with SoftBank. Lovells corporate partner Tim Lester […]

Deals roundup

Ashurst acts on takeover bid for Center Parcs Ashurst acts on takeover bid for Center ParcsAshurst has advised Blackstone and Forest Bidco, an acquisition vehicle formed by Blackstone, on Forest Bidco’s £205m takeover offer for Center Parcs. The 80p- per-share bid has been recommended to shareholders by Center Parcs’ directors. The Ashurst team was led […]

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