EXECUTIVE SUMMARY

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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 […]

Recommended

Senior clerk leaves Falcon Chambers

London property set Falcon Chambers has parted company with senior clerk Mark Clewley on. The set has chosen not to appoint first deputy Steven Francis, who is currently the acting senior clerk, as the successor, despite his long service under Clewley. Head of chambers Jonathan Gaunt QC says: “We’re all sorry to see Mark go, […]

Top ten deals

Daewoo debt restructuring Lead partner: Graham Rowbotham. Advising Korea Asset Management Corporation on its acquisition of $5bn (£3.47bn) of Daewoo Group debt. Nearly 300 creditors, mostly international banks, and one of the largest-ever debt restructurings. Scandecor trademarks litigation Lead partners: Robert Rakison and Larry Cohen. A landmark case successfully advising the appellant Scandecor in the […]

Sidleys and Brown & Wood set for merger

Chicago-based Sidley & Austin and New York’s Brown & Wood are planning a merger that will make them the third largest firm in the US. The combination of the firms’ London operations will also create a formidable capital markets practice. With nearly 100 lawyers in the City, Sidley Austin Brown & Wood, as it will […]

Eversheds beats Hammonds to Magic Moments contract

Hammond Suddards Edge has lost out to Eversheds’ Nottingham office on acting for Magic Moments Internet on its acquisition of German-based One 2 One Advertising and Telecommunications. The AIM-listed internet company, soon to change its name to Host Europe, is a long-term client of Hammonds’ Manchester office. However, Eversheds won the work after undergoing a […]

Employment exchange

Simmons head of employment Janet Gaymer is tipped to be the firm’s next senior partner. But does she have enough energy to take on the role? Janet Gaymer – the head of employment at Simmons & Simmons who is widely tipped to take over from senior partner Bill Knight when he retires – is exhausting. […]

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