Eversheds and Nabarro lead on Yoplait deal

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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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Resolution takeover prompts Pearl cuts

Insurance group Pearl is cutting back its legal function following its £5bn takeover of rival Resolution. The company is currently undergoing a redundancy consultation with lawyers in its life assurance arm, with the aim of reducing headcount from 13 to seven. Pearl has also appointed lawyers to head its united legal function, with Pearl’s pre-takeover […]

Tulkinghorn: The swot team

CMS Cameron McKenna associates sent to brush up on their skills at Goethe University in Frankfurt received more than they bargained for, Tulkinghorn hears. Rhythm is a dancerStepping into the limelight and slipping on his dancing shoes this week is Peter Ferbrache, recently appointed senior partner of offshore firm Ozannes. Ferbrache and his dance partner […]

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Focus: Dechert, Paradigm of virtue

Hard times, hard decisions – they’re like food and drink to Bart Winokur, the chairman of US law firm Dechert. And despite several rounds of layoffs, he’s looking forward to eating the recession for breakfast Late last month, on Thursday 26 March, US firm Dechert unveiled its most significant round of cost cutting so far […]

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Wragges promotes just one in this year’s round

Wragge & Co has made up just one lawyer to its partnership this year, a fall from last year’s total of nine. Regulatory litigation specialist Andrew Litchfield will become a partner with effect from 1 May, becoming the eleventh commercial litigation partner at the firm. Senior partner Quentin Poole (pictured) said: “Andrew’s an excellent lawyer […]

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Slaughters freezes salaries at 2008-09 levels

Slaughter and May has frozen staff salaries at this year’s levels, following similar moves by Clifford Chance and Freshfields Bruckhaus Deringer. Graham White The firm said wages for the 2009-10 financial year would stay at current levels for all employees because of “the difficult and uncertain” economic climate. Effectively this represents a pay cut for […]

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