Human Rights Act threat to judiciary

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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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Imperial Chemical Industries Plc (ICI)

Last week ICI announced it would axe 600 jobs in the next 18 months,which should seem like a drop in the ocean for a company that boasts 50,000 employees. But the redundancies are a natural development for a company which was lumbered with a debt worth millions when it bought a £4.9bn stake in Unilever’s […]

CC advises International Petroleum

Clifford Chance is among firms advising on the first-ever demutualisation of an investment exchange. The International Petroleum Exchange is converting from a mutual organisation to a profit-making one. Corporate partners Simon Burgess and Hillary Evenett at Clifford Chance are advising the IPE with finance partner Lynn Johanson. One plan involves an offer from the New […]

CC calls off Mallesons talks

CliffordChance is off, according to a senior lawyer at the City firm.Stuart Popham, global head of finance at Clifford Chance, tells The Lawyerthe talks have ended because the firms could not agree on the structure ofthe merged practice.He says: “We had discussions with Mallesons, as we do with firms, and wehave concluded these negotiations because […]

Flotation

Allen & Overy represented the State of Israel on the public offering of a 5 per cent stake in Bank Hapoalim on the London Stock Exchange. The offering was managed by Goldman Sachs International

In brief: Pinsent Curtis

Pinsent Curtis’ managing partner John Pratt is trying to persuade the Government to introduce a new Company Act. As chair of a Birmingham Chamber of Commerce and Industry Committee, Pratt proposes a 10-point plan designed to modernise the country’s “over-complicated and archaic company law system”.

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