Ebola outbreak: is it a force majeure event?

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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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London Gherkin Thames

Bristows posts 3.6 per cent revenue dip as it plans hiring spree

Bristows has seen its revenue dip by 3.6 per cent in 2013/14, ending a half-decade of strong growth. Turnover at the Unilever House-based firm doubled between 2007/08 and 2012/13, when it reached a high of £35.4m, but in 2013/14 that amount was down to £34.1m. Profit per equity partner (PEP) was also down significantly, from […]

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Home Office ordered to pay Clifford Chance client Raytheon £224m

Clifford Chance client US defence company Raytheon Systems has won over £224m from the Home Office after an arbitration tribunal ruled the Government unlawfully terminated its e-borders contract in 2010. The tribunal awarded Raytheon £50m in damages for ending the contract, £9.6m to settle complaints relating to changes to the original contract and £126m in […]

Paris

Clifford Chance scoops corporate team from Willkie Farr in Paris

Clifford Chance has hired a team of three lawyers, including partner Fabrice Cohen, from Willkie Farr & Gallagher’s Paris office. Cohen joins Clifford Chance just two years after joining Willkie Farr from Freshfields Bruckhaus Deringer (1 October 2012). He was previously head of corporate at Freshfields, stepping down in 2011 when the firm hired Hervé […]

Greenberg Traurig gets its tax man

Here’s a thing that doesn’t happen very often – this week a Slaughter and May partner has quit for a rival firm. Yes, Slaughters’ partner Graham Iversen has joined the bandwagon of lawyers at elite UK firms to jump ship for a US rival, with his move coming hard on the heels of the likes […]

BuckleySandler keeps it cosy

London’s shining attractiveness as a disputes centre and global jumping off point is showing no sign of dimming, at least according to Andy Sandler, chair of financial services and financial crime boutique BuckleySandler. Sandler’s firm has just opened up shop in the UK with a US law-only offering staffed with a single partner, Jamie Parkinson, […]

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