Grimaldi votes for merger with Clifford Chance

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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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3i drops Lee Crowder from legal panel after 50 years

Midlands firm Lee Crowder has been dropped from 3i’s panel after 50 years. The move comes after a review at the venture capital house which, in 1996, accounted for 28 per cent of the law firm’s turnover. But over the past few years the firm has braced itself for the decision, which has been rumoured […]

Cinderella, you shall go to the ball

All of a sudden property has become a fashionable practice area again. Long thought of as a backwater in City firms, and sniffly regarded by many corporate partners as a service function, property is suddenly a major part of City firms’ business plans. First, A&O’s new head of property Adam Cleal declared that he wanted […]

Lovells scoops property work for Abbey National

Lovells is advising the Abbey National Group for the first time on a sale and lease deal worth around £460m. The bank is selling its branch network and offices and agreeing to a 20-year contract to occupy them on a flexible basis. The deal was inspired by the Government’s private finance initiative and will be […]

Litigator’s View

Tara Donovan on the latest development in online law in the Record Association of America’s copyright case against Napster On Wednesday 26 July Chief Judge Marilyn Hall Patel surprised everyone with the ferocity of her rejection of the defences raised by Napster to the action for contributory and vicarious copyright infringement brought by the Record […]

New Square sets announce merger

Two more sets are poised to merge in the latest bid to become one of the leading chancery and commercial chambers, the latest in a spate of consolidations at the bar. The merger between 1 New Square, the chambers of Eben Hamilton QC, and 12 New Square, led by John Mowbray QC, on 1 October […]

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