Herbert Smith advises on Addax financing

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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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Old Square scores double role on equal pay dispute

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Al Salam Bank hires Norton Rose lawyer

Norton Rose lawyer” />Bahrain’s Al Salam Bank has appointed rated Norton Rose Islamic finance associate Mohammed Paracha as its first general counsel. Paracha, 29, was Norton Rose’s senior Islamic finance associate, covering the Gulf states, Iran, Syria and Kazakhstan after moving to the Bahrain office in 2004 from London. Despite the loss of one of […]

Gain in spain

Gas Natural’s controversial attempted takeover of Endesa would have been a lot more simple if the forthcoming competition laws were in place, says Antonio Morales Without any doubt, the two events that have been the most influential, as well as controversial, over recent months from the perspective of Spanish competition law have been Gas Natural’s […]

Linklaters in management rejig as finance chief takes on Asia role

Linklaters is gearing up for a change of leadership as finance head Giles White moves across to become Asia managing partner. White, whose term as head of global finance and projects expires at the end of this financial year, will take over the Asia job in May 2007. Current Asia head and corporate partner Simon […]

Olswang boosts corporate with Halliwells AIM specialist coup

Olswang has raided Halliwells’ corporate department, snaring one of the national firm’s best-known AIM specialists, Adam Fenner. Fenner started at Olswang last Monday (2 October). He has particular experience in public offerings and M&A transactions and will be seen as a significant boost to one of Olswang’s core practices. Olswang’s head of corporate Tony Leifer […]

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