Eversheds reported to OSS over Hendrix

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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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It was all go at the Business Design Centre in Islington last week for the Legal IT 2004 show. IT suppliers, eager to flog the latest “productivity-enhancing software” (to quote one stand’s blurb), showcased their products as the lawyers buzzed around, checking out the Blackberrys and getting snowed under with marketing bumph. Most of those […]

AIG/Lincoln turns to A&O for Munich deal

Allen & Overy (A&O) has scored real estate developer AIG/Lincoln as a new client, after advising it on the development and pre-sale of a Munich office building to German closed-end fund Sachsenfond. AIG/Lincoln was referred to Frankfurt-based finance partner Peter Hoegen by a contact of Hoegen’s at Hypo Real Estate, the real estate arm of […]

Sullivan & Cromwell backs winning horse in race for AT&T

Sullivan & Cromwell’s snub of regular client Vodafone has resulted in the US firm backing the winning horse in the race to acquire AT&T Wireless. Cingular Wireless has won the auction of AT&T Wireless with a $41bn bid. Cingular is a joint venture between BellSouth and SBC Communications. Sullivan & Cromwell advised SBC Communications and […]

Commercial Court decision imminent

Next week, the Government will announce its long-awaited decision on whether to commit £100m to building a new Commercial Court. On 24 February, Department of Constitutional Affairs (DCA) civil servant Mark Camley will announce whether the project he is leading to build a new £100m Commercial Court has received the green light from the Treasury. […]

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