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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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Focus: Vivian Robinson QC, SFO, Serious issues

With its very existence hanging in the balance, the SFO is demanding the powers necessary for it to do its job so that it can then be taken seriously The SFO, like many government agencies, is facing an uncertain future under a hung parliament. The agency has seen its budget cut by more than 10 […]

Hogan Lovells suffers third China departure as Beijing chief quits for Paul Hastings

Paul Hastings Janofsky & Walker has hired the former managing partner of Hogan & Hartson’s Beijing office. Roger Peng joins Paul Hastings’ corporate team as part of ongoing efforts to beef up its China practice. His practice focuses on M&A, private equity, venture capital and commercial transactions, working with clients in the telecoms, media and […]

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CC, Weil secure Warburg Pincus’s £200m acquisition of Poundland

Clifford Chance and Weil Gotshal & Manges have taken prime roles on the all-equity sale of Poundland to US-based private equity house Warburg Pincus. Clifford Chance corporate finance partner Spencer Baylin and private equity chief David Walker are leading on the relationship side of the deal for long-term client Warburg Pincus. Fellow private equity partner Amy Mahon […]

Watson Farley & Williams in four-partner hiring spree

Watson Farley & Williams has hired four new partners in its London office, including the head of Charles Russell’s competition and regulatory group. Emanuela Lecchi will head up Watson Farley’s competition and regulatory team when she arrives on June 1. Her departure comes as a further  blow for Charles Russell after it lost its five-strong […]

Senior Clifford Chance partner quits for King & Wood

Clifford Chance partner Rupert Li has left the firm to become international managing partner at King & Wood. The capital markets specialist was also a member of the magic circle firm’s management committee in London. At King & Wood he will split his time between Beijing and Hong Kong offices and has been tasked with […]

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