BTA v Ablyazov: the secret billionaire

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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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Taylor Wessing eyes £5m windfall from sale of due diligence division

Taylor Wessing is planning to spin off its in-house due diligence division in a deal that could raise £5m for the firm. The firm said it was in the early stages of demerging New Street Solutions, a document review business formed in May 2011 (20 April 2011). The Lawyer reported last year (2 May 2011) […]

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Ashfords plans London expansion through Rochman merger

Exeter firm Ashfords and Central London’s Rochman Landau have confirmed that they are in merger talks. According to the parties, the talks have reached an advanced stage with both sides expected to make a decision in the coming weeks. In a statement, Ashfords’ chairman Simon Rous said: “We’re close to agreeing terms – nothing is […]

Tom Flanagan
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Slinging the axe

Employers faced with making workers redundant have several alternatives  While the UK economy may not be technically in recession, it certainly has not recovered from the global slowdown as well or quickly as was hoped. Indeed, it is still teetering on the brink. Many employers are facing the inevitability of redundancies, taking the view […]

Yesim Bezen
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Turkish alight

The Turkish market’s resilience in these tough times is attracting a host of international players looking for local suitors In 11 years’ time the Republic of Turkey turns 100. And by 2023, if the country’s government has its way, Turkey will be the world’s 10th-largest economy. The strategy is ambitious. To achieve it, it is […]

Cuatrecasas reports slight revenue increase in 2011

Iberia’s Cuatrecasas Gonçalves Pereira has seen a minimal increase in turnover for the 2011 financial year, with revenue rising by just under €1m. In a press conference this morning, Cuatrecasas’s managing partner Rafael Fontana said turnover had gone up to €242.6m (£202m) from €241.7m in 2010. Fontana said the result was “very good” given the […]

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