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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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Wonga plumps for Capquest legal head Flynn as new general counsel

This week we learnt that Wonga has appointed debt management company Capquest Group legal boss Bill Flynn as its new general counsel. Flynn’s appointment follows two senior departures from the pay-day loan company’s in-house team. In June 2014 general counsel Lucy Vernall quit to join internet lender Funding Circle. Vernall is understood to have reported […]

Compliance and risk management

Compliance touches all aspects of our clients’ businesses – governance and structure, financial, design and production, distribution, sales and marketing, people and data. By providing a big-picture view of clients’ compliance obligations, our cross-practice compliance team helps clients identify areas of vulnerability and prioritise those areas so they can tackle them first – using resources most effectively […]

Shoosmiths helps Consilia Investments seal Allied Textiles deal

Shoosmiths has advised Consilia Investments on its co-investment with members of the target’s management, into a newco and the company’s subsequent acquisition of Allied Textiles from Chamonix Private Equity. Allied Textiles is a group of four textile manufacturing companies, situated in Rawtenstall and Nelson in Lancashire, Barnsley in South Yorkshire and Ashbourne in Derbyshire. They manufacture […]

Tina Williams

How to navigate your merger

Mergers in the legal world are not rare and they may yet become commonplace. So says a recent report into consolidation in the legal marketplace*. Ninety-five per cent of more than 100 of The Lawyer’s UK 200 that responded to a recent survey forecast further consolidation in the top tier over the next two years. […]

Nicholas Cheffings
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Nicholas Cheffings reappointed for second term as Hogan Lovells chair

Hogan Lovells has re-appointed Nicholas Cheffings as the firm’s chair for a second three-year term. Cheffings’ first term as chair of Hogan Lovells will expire on 1 April 2015, and his new term will run until April 2018. It is not known whether any other candidates were put forward for the role. At the end […]

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