E.ON pulls out of Endesa saga

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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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KKR retreats from Sainsbury’s deal

US private equity house Kohlberg Kravis Roberts (KKR) has pulled out of the CVC-led consortium that is mulling an £9.5bn offer for J Sainsbury, the UK’s third-largest supermarket. The Clifford Chance-advised consortium now comprises Blackstone and Texas Pacific Group, as well as longstanding Clifford Chance client CVC. The three private equity houses now have until […]

Ignorant lawyers could fall foul of CPR changes

Concerns have been raised that lawyers will fall foul of the Civil Procedure Rules (CPR) due to their ignorance of the major changes coming into force at the end of this week. From this Friday (6 April) the overhaul of Part 36 of the CPR will mean that payments to court will be abolished and […]

No5 welcomes back former chief

•Former head of No5 Chambers Harry Wolton QC is set to return to the Birmingham-based set. Wolton, who headed No5 in the 1980s, leaves London-based set 2-3 Grays Inn Square after 13 years to return to his roots. The return of Wolton, who was the first-ever planning silk in Birmingham, continues No5’sexpansion of its planning […]

Racine alliance creates Belgian base

French firm Racine has signed an exclusive alliance agreement with Belgian firm Vergels to create a new firm called Racine & Vergels. Racine will keep its name in France but Vergels will adopt the new name in Belgium. The move came after Racine swallowed up six-lawyer M&A boutique Boisséson & Associés last month. The firm […]

Hammonds continues management overhaul

Hammonds has replaced two members of its central partnership board. Madrid office chief Francisco Guijarro and Paris-based corporate partner Christopher Wilde replace Hammonds’ Germany chief Frank Walter-von Gierke and Brussels office head Konstantinos Adamantopoulos respectively. The handover takes place at the expiry of the incumbents’ two-year terms on 1 May and follows an election staged […]

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