Clifford Chance to cut 115 London support staff jobs

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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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Slaughters gets nod from Land Securities

Land Securities has turned to ­stalwart adviser Slaughter and May on its £755.7m rights issue. The Slaughters team was led by corporate partner Gavin Brown, assisted by corporate associates Richard Smith and Grace Impey, tax associate Richard Jeens and pensions associate Ellen Swan. ­Freshfields Bruckhaus Deringer partner Simon Witty is acting for the banks.

Davis Polk, Shearman act on Ford debt restructure

Davis Polk & Wardwell and Shearman & Sterling have been handed the lead mandates on the restructuring of Ford Motor Company’s debt. Davis Polk partners Donald Bernstein, Michael Kaplan and Larry Wieman are leading for Ford in a deal that will see the company’s financing group Ford Credit make a $1.3bn cash offer for unsecured […]

Hammonds settles dispute with seven ex-partners

Hammonds has settled with seven out of eight former partners involved in a £1.7m profits dispute with the firm, days before a cost hearing was due following a High Court clash. The firm has settled with former partners Marija Danilunas (pictured), John Deacon, Mark Hilton, Jonathan Hosie, Simon Palmer, Martin Thomas and Stephen Tupper. David […]

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A&O, Freshfields join US firms in push on P3

Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have joined forces with leading US firms and banks to lobby for the expansion of public private partnerships (PPP) in the US. In a report by Kearsarge Global Advisers entitled “Benefits of Private Investment in Infrastructure”, a group comprised of seven law firms and 11 companies made […]

Special reports: Italy/HR and training

Italian law firms spent the end of last year scrapping to get deals closed and 2009 has brought more uncomfortable news for M&A lawyers. Practice area: HR & Training The first HR and Training special report outlines 10 steps that learning and development teams at law firms can use to maintain standards during the recession, […]

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