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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 […]

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#Watson Farley & Williams has hired project finance associate Mehrab Nazir from CMS Cameron McKenna. He joins as a partner. #Michelmores has promoted four assistants to associate solicitor. Litigator Tony Cockayne, commercial property lawyer Laura Ford, M&A specialist Johanna Probert and head of financial services Philip Ryley all won through in the selection process. #Lovells […]

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Brabners mulls lay-offs after bleak forecast

North West-based firm Brabners Chaffe Street is contemplating lay-offs in its construction and property finance groups after gloomy predictions for 2008. It is understood that four assistants in the Liverpool office have been told their jobs are on the line. Managing ;partner Michael Brabner refused to comment on redundancies, but said: “We’re looking at requirements […]

Trio of firms seal Russian vodka deal

A trio of US firms have been handed roles as UK private equity house Lion Capital buys Russia’s biggest vodka brand in a deal worth $600m (£303m). Weil Gotshal is representing Lion Capital, with London-based corporate partner Ian Hamilton working alongside Michael Francies and tax partner Sarah Priestley. Russian Alcohol, which makes Green Mark Vodka, […]

Allen & Overy launches Romanian alliance

Allen & Overy launches Romanian alliance” />Allen & Overy has launched a presence in Romania, signing an exclusive association with local firm Radu Taracila Padurari Retevoescu SCA (RTPR). The alliance will be up and running from the start of July. A&O has announced the move in the same week that its magic circle rivals Linklaters […]

Woodfines ties knot with Cambridge firm

#Bedfordshire and Buckinghamshire firm Woodfines Solicitors has expanded into Cambridge by merging with regional outfit Matthews Winter & Bullock (MWB). The new office will be called Woodfines Winter & Bullock before transferring to the Woodfines brand after a year. Conveyancing and private client specialist firm MWB will benefit from Woodfines’ commercial offering. Woodfines has benefited […]

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