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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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1

Ward Hadaway hire secures schools project

Ward Hadaway partner Karen Andrews has helped secure a mandate advising on a £350m schools project two months after arriving at the firm. The firm has been selected by Bedford Borough Council to provide all legal advice on its multimillion-pound Building Schools for the Future (BSF) programme, which will see the creation of seven ­secondary […]

TPG turns to Cravath for hire of general counsel

Cravath Swaine & Moore corporate partner Ronald Cami has joined private equity house TPG Capital as general counsel. Cami, who has been with the US firm since 1994 and has been a partner since 2001, is the second Cravath partner to leave for an in-house role this year after Julie Sweet became general counsel at […]

1

Kraft fallout threatens M&A landscape as Takeover Panel flexes its muscles

Will one consultation paper equal a rewrite of the takeover rulebook? Since it was first announced last September, the hostile takeover of Cadbury by Kraft has dominated the M&A market more than any other in recent years. And developments over the past two weeks show that the impact is likely to be felt for some […]

37

Mayer Brown courtship of Simmons founders

US giant undeterred by failed talks as search for City ally continues Mayer Brown has been in secret merger talks with Simmons & Simmons as the Chicago-headquartered firm looks at ways of bolstering its dwindling presence on the UK side of the Atlantic. It is understood that the two firms held talks, which have now […]

Garrigues gains replacement Brazilian member for Affinitas Alliance

Spanish firm Garrigues has sealed an association with a local firm in Brazil, plugging the gap in its South American alliance left by the departure of Barbosa Muessnich & Arago last year. The decision, which was made at a virtual partnership meeting on 2 June, gave the go-ahead for a tie-up with Brazilian firm Schmidt […]

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