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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 […]

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 […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

Recommended

Allen & Gledhill sees off its rivals for Asian M&A

Singapore firm Allen & Gledhill topped the rankings for Asian M&A in 2001, beating off competition from UK, US and Australian rivals Linklaters‘ joint venture partner Allen & Gledhill worked on 20 deals, worth A$22.1bn (£8.1bn), in 2001, according to Thomson Financial’s figures for announced M&A transactions ranked by value.Managing partner Lucien Wong said: “We’re […]

Lincoln National elects general counsel

US company Lincoln National Corporation has elected Dennis Schoff to the position of general counsel and senior vice-president He steps into the shoes of Tom Hunter, who has decided to retire. Lincoln National is the parent company of the Lincoln Financial Group of companies. It provides annuities, life insurance, pensions, mutual funds and a variety […]

Taking stock

The Barings and Enron scandals have brought to the fore the functions of company directors, accountants and auditors. Simon Barker asks: what will be the effect on their future roles? Barings and Enron provide spectacular examples of a problem that extends to all jurisdictions in which accountants, or more accurately auditors, play a significant role […]

Deals summary

Gibson Dunn & Crutcher (Alan Samson, Stephanie Bess) represented Apollo International Real Estate Fund in the formation of two joint ventures with clients of Reit Asset Management to acquire seven UK shopping centres from Land Securities and Legal & General for £350m. HypoVereinsbank (HVB) and Royal Bank of Scotland (RBS) funded the acquisitions. Reit represented […]

CC sets up task force in response to the Andersen fallout

Clifford Chance has set up a risk management taskforce in response to the Andersen fallout The move comes amid growing unease in the larger City law firms that the Andersen saga will have repercussions for all major professional services firms.Deputy chief operating officer Chris Perrin said: “There were bound to be lessons to learn from […]

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