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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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Macfarlanes turns to Dresdner for rare lateral hire

Macfarlanes has recruited a partner from Dresdner Kleinwort bank in an unusual move for the firm, which rarely makes lateral hires. Macfarlanes turns to Dresdner for rare lateral hire” />Macfarlanes has recruited regulatory partner David Berman from Dresdner Kleinwort bank in an unusual move for the firm, which rarely makes lateral hires. Berman will join […]

Managing property costs: Lease is the word

US firms prefer high-status locations in the City; UK firms, though, are getting better value out of their properties. In the current climate where cash is king, firms need to be doing everything they can to find new ways of ­generating income from their bricks and mortar. Clifford Chance recently signed a deal to sublet […]

MIPIM blog 2: A thought from Boris

The London pavilion was packed this afternoon, probably because Boris Johnson made an appearance. According to Boris, MIPIM stands for May I Push you Into the Mediterranean. There were a few other phrases his speech-writers dreamed up for him, which I might have been better able to recall had I not carried out my inspection […]

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Good start for Hausfeld

Michael Hausfeld has come a long way in the five months since he was allegedly expelled from his former firm Cohen Milstein Hausfeld & Toll (now Cohen Milstein & Toll) and he has his partner Anthony Maton to thank for it. 11th March 2009 Michael Hausfeld has come a long way in the five months […]

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Orrick bends with winds of change

Ralph Baxter says adaptability is key to riding out the recession – and he practises what he preaches. On the front page of The Lawyer last week, Orrick ­Herrington & Sutcliffe chairman Ralph Baxter summed up the ­challenge currently facing the world’s leading law firms. “There’s been gigantic, dramatic and sudden change in the world,” […]

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