Harbottle’s preconceived idea

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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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Mandates minefield

When clients get together, who gets the work? What happens when your client merges or gets taken over? It’s a question that will be on the minds of Freshfields Bruckhaus Deringer and Linklaters after a week that saw two of the rivals’ longstanding mining clients agree on a £50bn-plus merger. Freshfields’ Julian Makin is leading […]

Wilson Sonsini ends two-year slump with highest earnings since 2007

Wilson Sonsini Goodrich & Rosati has posted its highest earnings since 2007, with gross revenue rising from $531m (£337.1m) to $549m after two years of falling revenues. The firm’s 11.4 per cent year-on-year increase in gross revenue was matched by a 17.7 per cent increase in average profit per equity partner (PEP) to $1.77m, with […]

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BT to offer legal services via claims business  

A wholly owned subsidiary of the BT Group, BT Claims, has unveiled plans to convert to an alternative business structure (ABS). Currently BT Claims handles legal issues relating to the 35,000-strong fleet of BT vehicles. However, plans are under way to roll out the service to other corporates. In a statement the company said: “We […]

Former DLA Piper insolvency partner Philip Holden
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Hammonds and Eversheds spin-outs merge to create £15m firm

Two debt recovery boutiques that spun out from legacy Hammonds and Eversheds, respectively, are to merge to create a £15m practice. DLA Piper insolvency partner Philip Holden” src=”Pictures/web/g/d/k/Philip_Holden.jpg” /> Former DLA Piper insolvency partner Philip Holden Consumer finance recovery specialists Drydens Lawyers and debt recovery firm Fairfax Solicitors are set to merger on 2 April, […]

The Chinese are coming

Zhonglun W&D, the first Chinese law firm to launch in London, has lost its entire City team to rival firm Zhong Lun (see story). Assuming the group didn’t just get confused and walk into the almost identically named rival by accident, the team hire is the first time the UK market has witnessed Chinese firms […]

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