Govt responds to Blackstone’s BAE threat

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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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Green tea

Last week the Government announced a new initiative aimed at making the UK the world leader in terms of carbon offsetting schemes. But it appears Simmons & Simmons needs no such help. News reaches Tulkinghorn that the firm has introduced recyclable cups in its cafeteria. In keeping with the eco drive, managing partner Mark Dawkins […]

Bar Council consults while backbenchers revolt against Carter

The Bar Council has kickstarted a consultation into new arrangements for handling fee-sharing under the current legal aid reforms. The news comes as it was revealed that more than 50 Labour backbenchers signed up to an early day motion which presses the Government to rethink their proposals on legal aid. The consultation, which will close […]

Hot stuff

Once again The Hot 100 celebrations last Tuesday (16 January) took its place high in the running for party of the year. The glittering Royal Exchange was the high-ceilinged venue and by 7pm the former trading floor was crammed with Hot 100 stars past and present. Among the throng it was good to see SJ […]

US counsel make for bad company

Worrying times for general counsel in the US. In a week when Computer Associates ex-general counsel Steven Woghin was sentenced to two years in prison for his role in a scheme to artificially boost quarterly revenue statements through backdated sales contracts, several others have had the spotlight turned on them as the stock options scandal […]

Camerons ditches all-equity partnership

CMS Cameron McKenna has overhauled its equity partnership, introducing a new level of salaried partner. All new partners promoted in 2007 will be subject to the salaried tier. A spokesperson for the firm said that lateral hires may be able to leapfrog the salaried partner rank, depending on their seniority. Non-equity partners will only have […]

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