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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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Peter Lawson: Motorola

Motorola has emerged from its troubles in 2000 leaner and meaner thanks to global general counsel Peter Lawson’s tough stance on external legal costs. By David Middleton

Norton Rose to reveal all following LLP conversion

Norton Rose has agreed in principle to convert to a limited liability partnership (LLP). The firm’s partners voted on the conversion at the partnership conference held in London at the weekend (12 November). A timetable for conversion is yet to be set. Several regulatory hurdles in Norton Rose’s foreign offices will need to be overcome […]

Ashurst beats City rivals to secure £435m Hikma Pharmaceuticals IPO

Ashurst beats City rivals to secure £435m Hikma Pharmaceuticals IPO” />Ashurst has beaten 10 of the City’s top firms in a beauty parade to secure the lead role advising Hikma Pharmaceuticals in relation to its £435m IPO on the London Stock Exchange. The silver circle firm is understood to have beaten the likes of Herbert […]

Clifford Chance overhauls New York management

Clifford Chance’s offices in New York and Asia have undergone a change of management with the chief operating officer and finance director roles changing hands. Laurence Porter, the current COO for Clifford Chance in Asia, is moving to New York to take up the same role covering the Americas from 1 January 2006. Porter has […]

Affirming affections

They say a merger is a marriage contract, but surely carrying out a ceremony is taking things a little too far?Nevertheless, Tulkinghorn couldn’t refrain from dabbing at his eyes with a lacy hanky at the news that Sean Twomey, Norton Rose‘s unflappable PR chief, has tied the knot with Allen & Overy (A&O) employment professional […]

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