Dutch courage

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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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Litigation

Wragges sees off Thames Water in MoD costs dispute Wragge & Co’s dispute resolution group has won a test case challenging the legality of Thames Water Utility’s charging system for sewerage services. The Birmingham-based firm advised the Ministry of Defence (MoD) on its successful claim against Thames Water before the High Court, which ruled in […]

Willkie Farr lures Shearman investment team

Willkie Farr & Gallagher has raided US rival Shearman & Sterling to hire a five-partner investment management team, the largest group it has ever brought on board. Barry Barbash joins as a partner to head Willkie’s investment management practice. He joins the Washington DC office along with partner Karrie McMillan. Partners Maria Gattuso, Joel Goldberg […]

Standard issue

The opening up of accounting standards have left LLPs with the difficult choice of staying national or switching to IFRS. Steve Gale reports. The decision of whether to convert to a limited-liability partnership (LLP) has become much more difficult now that there is the added choice of whether to prepare the LLP’s financial statements in […]

Links ramps up in Dubai with magic circle hires

Linklaters has raided its magic circle rivals for two senior associates to boost its Middle East practice ahead of the firm’s official Dubai launch later this month. The firm has appointed Allen & Overy (A&O) senior associate Luma Saqqaf as local Islamic finance head, while Clifford Chance projects senior associate Mark Craig joins the firm […]

Litigation

Cloisters and Mills Kemp earn Lords victory on UK employment wrangle In a victory for Cloisters and Barnsley firm Mills Kemp & Brown, the House of Lords has handed down a crucial decision clarifying employee rights. Mills Kemp client Stephen Lawson appealed a 2004 Court of Appeal judgment which ruled that he was not able […]

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