CC management gears up for election fever

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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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Lovells hangs on to Terra Firma with landmark securitisation

Lovells has maintained its relationship with private equity house Terra Firma to advise on a landmark securitisation, even though the firm lost the original partner on the deal to Clifford Chance. A Lovells team consisting of London and German lawyers acted for Terra Firma on a E5.4bn (£3.69bn) commercial mortgage-backed securitisation (CMBS), the biggest deal […]

Law Soc slams government plans for fraud trials

The Law Society and solicitors have hit out at new government proposals suggesting that judges be allowed to dismiss defendants’ advisers in very high cost fraud trials. The proposal was made in a Department of Constitutional Affairs (DCA) consultation paper published last week (4 August) on judicial powers to manage conflict of interest and capacity […]

White-collar crime

Travelling internationally? Planning on doing a bit of document mark-up on your way? Don’t take a Herbert Smith pen – they explode. Yes, the exploding pen is the latest must-have accessory for Herbert Smith lawyers, or any guests foolish enough to pick one up from the conference room. A Herbert Smith Asia partner related to […]

Sydney partner pay exceeds A$1m mark

Average pay for Sydney-based partners in Australia’s largest firms has broken through the A$1m (£410,440) barrier for the first time, according to a new salary survey. The survey by Mahlab Recruitment found that average partner remuneration at top-tier firms in Sydney was A$1.04m (£412,000). The top tier includes Australia’s ‘big six’ of Allens Arthur Robinson, […]

Paul Weiss swoops for Shearman finance chief

Paul Weiss Rifkind Wharton & Garrison has poached Shearman & Sterling’s structured finance chief for its New York office. Robert Zochowski joins Paul Weiss as a partner in its finance group. His practice focuses on complex structured finance and securitisation transactions, with a particular focus on assets such as films, patent royalties, and energy. He […]

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