Ex-Dewey chief Davis to pay $500k settlement to resolve claims

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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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Ashurst joins US and Irish firms as Elan rejects Royalty Pharma bid

A raft of Irish, UK and US firms have won roles on the battle for control of Irish biotechnology company Elan, which yesterday (22 April) rejected a hostile offer by US pharmaceutical investment giant Royalty Pharma. Matheson partners Tim Scanlon, George Brady and Fergus Bolster are leading the Irish advice for Royalty Pharma, which launched […]

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Herbert Smith relocates disputes partner Kehoe to Dubai

Herbert Smith Freehills (HSF) is to relocate disputes partner Caroline Kehoe from London to its United Arab Emirates (UAE) practice where she will be based in Dubai. Kehoe, who clients include BHP Billiton, is well known for her representation of Chevron UK in the legal battle that followed explosions at the Buncefield Oil Storage Depot […]

Grounds for setting aside arbitration awards

Commercial action was filed before the Dubai Court by a subcontractor (Party A) against (Parties B and C — together the Defendant Parties). Party A requested the court to ratify an arbitral award issued on 18 June 2008 in which the Defendant Parties were ordered to jointly and severally pay AED843,912 plus nine per cent […]

DLA Piper focuses on Olympic Airlines SA v ACG Acquisition XX LLC

On 17 April 2013, the English Court of Appeal gave judgment in favour of Aviation Capital Group (ACG) as respondent in an appeal filed by Olympic Airlines (Olympic) against the English Commercial Court judgment (ACG Acquisition XX LLC v Olympic Airlines SA (in special liquidation) [2012] EWHC 1070 (Comm)), that we reported on in April […]

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A&O and DLA perfect blend on £160m sale of whisky maker

Allen & Overy (A&O) and DLA Piper played key advisory roles on the £160m sale of Scottish whisky producer Burn Stewart Distillers to South African drinks group Distell. The sale sees Distell buy 100 per cent of the share capital of East Kilbride-based Burn Stewart, which owns Scottish Leader and Black Bottle, from co-owners CL […]

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