Frontier Estates secures forward funding of 292,000sq ft development at Queen Elizabeth Distribution Park from the Chubb Common Investment Fund.

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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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Accountancy tied firms run up combined UK income of £110m

The four accountancy-tied law firms now account for £110m worth of fee income in the UK. The two youngest practices – KPMG’s KLegal and Ernst & Young’s Tite & Lewis – have recorded huge growth in the past year. KLegal, which has now completed its second year, said income rose to £16.5m from £5m.Tite & […]

Aon external lawyer target unrealised

Insurance company Aon has met with only limited success in its bid to run a legal department staffed only by lawyers on secondment. Aon announced its intention to create a 30-strong in-house legal department by this unique method of borrowing lawyers last year. The company has actually managed to attract only 12 lawyers, less than […]

A novel approach

Being part of Penguin Group’s in-house team is a book lover’s paradise, and with libel cases, acquisitions and relocations to deal with, it’s probably a lawyer’s dream too. Kathryn Hobbs reports Helena Peacock, legal director and company secretary for the Penguin Group, is a woman who is clearly very happy with her lot. Working for […]

CC New York partners take massive pay cuts

Eight volunteers to trim salaries by half as firm tries to build single lockstep after R&W merger Eight of Clifford Chance’s top New York partners have agreed to take huge pay cuts as the firm struggles to create a single lockstep post merger.After the merger with Rogers & Wells, 10 senior US partners were awarded […]

Freshfields follows A&O lead with new US assault

Freshfields Bruckhaus Deringer is the second magic circle firm this month to announce US lateral hires as it takes on two finance partners in its New York and Washington DC offices. The move coincides with the announcement that Allen & Overy (A&O) in New York is taking on four partners to launch its US M&A […]

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