Construction projects — what is novation?

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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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DLA Piper represents Racemi in $10m investment by venture capital fund

DLA Piper has represented cloud mitigation company Racemi in a $10m (£6m) investment by venture capital fund Milestone Venture Partners and existing investors Harbert Venture Partners and Paladin Capital Group. This investment will be used to further scale Racemi’s sales, services and engineering to meet the growing demand for its software that supports migrations between […]

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Asia Pacific 150: The rise of Asia’s indies

Yesterday saw the publication of The Lawyer Asia Pacific 150, the annual ranking of the largest law firms by lawyer numbers across Asia Pacific. Growth across the international firms in Asia Pacific has slowed, while domestic firms are pushing forward. The Top 100 independent firms in the region increased lawyer headcount by 12 per cent […]

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Linklaters’ and CC’s bumper public M&A pay packet

At times, it looked as if the UK’s public M&A market was about to triumphantly return to form in the first half of 2013. But the rush never quite materialised. UK public M&A deals between 1 January and 27 June fell to 21 – a drop from 26 in the previous six months. According to […]

London

Bird & Bird pushes revenues up 4 per cent to £259m

Bird & Bird has posted a revenue rise of 4 per cent from £249m to £259m but has indicated that net profit will be down on the £47.5m reported at the 2012/13 year end. It comes after an expansive year at the firm, which has seen it push for growth in the Asia Pacific region. […]

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