Herbies lands breakthrough financing mandate on £3.5bn PSA bid

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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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Ashurst eyes role on Debenhams float

Ashurst is in line to secure a major advisory role on the flotation of Debenhams which is set to go ahead as early as April and could value the department store chain at £3bn. The silver circle firm is understood to be advising the underwriters Citigroup and Merrill Lynch, which have been chosen as global […]

People’s Republic of China

The People’s Republic of China is fast becoming the hottest new jurisdiction for international law firms as the Chinese government looks to open up the local financial and legal markets to foreigners. Clyde & Co and Norton Rose are both moving into Shanghai after securing local licences earlier this month, while Pinsent Masons has revealed […]

Orrick raids White & Case for Russian team in Tokyo

Orrick Herrington & Sutcliffe have raided White & Case to add a new Russian practice team to its Tokyo office. Sergey Milanov, Dmitri Rezchikov and Alexey Losev are set to join the firm as of counsel, associate and researcher, respectively. Milanov and Rezckikov have advised Japanese clients on foreign investment ventures. Milanov remains the only […]

199 Strand chief to follow colleague to Wilberforce

The head of chambers from dissolved set 199 Strand David Phillips QC has joined Wilberforce Chambers. Phillips is a highly-respected commercial barrister with recent involvement in a series of high-profile football disputes and a particular expertise in road transport regulatory work. “Over the past few years, a disproportionate amount of my time has been spent […]

Lovells star moves to DLA Piper China

DLA Piper Rudnick Gray Cary has poached Lovells lawyer Rocky Lee to head its venture capital and private equity practice in Beijing. The California-qualified lawyer has worked on a number of high-profile China venture capital matters and specialises in corporate finance, foreign direct investment and M&A. Lee has also worked on a number of cross-border […]

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