Government action on holiday pay

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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 advises real estate company Octagon on refinancing of residential portfolio

DLA Piper has advised real estate company Octagon Residential S.à.r.l. on the refinancing of a German residential portfolio. Octagon was refinanced by a comprehensively secured senior loan by Deutsche Pfandbriefbank in the amount of 36 million Euro and a subordinated secured mezzanine tranche. The residential portfolio is located on seven sites in West Germany, including […]

Francesca Yardley

R&R Ice Cream GC Francesca Yardley returns to private equity roots

R&R Ice Cream general counsel Francesca Yardley has left Europe’s largest private-label ice cream maker to pursue two new roles in private equity-related start-up companies. Yardley invested in Dragon’s Den contestant Kirsty Henshaw’s healthy ready meal business Kirsty’s and is working part-time in the start-up while providing contract legal advice to private equity house Hambro […]

Clifford Chance CC

Clifford Chance’s growing critical list

Loss of PE star Oliver Felsenstein must surely force firm’s hand over lockstep reform. “Of course, if we lose a partner it does concern us – some partners more, and some partners less,” Clifford Chance’s co-head of private equity Oliver Felsenstein told The Lawyer last October. It’s likely that Felsenstein’s own resignation last week will […]

DLA Piper advises Aviva on disposal of £503m UK property portfolio

DLA Piper has advised Aviva Commercial Real Estate Finance, and multiple officeholders appointed by Aviva, on the disposal of a distressed portfolio of 180 mixed-use properties located across the UK to Kennedy Wilson Europe Real Estate (KWE) for £503m. KWE’s acquisition of the portfolio is expected to complete at the end of January. The 3.5-million-square-foot […]

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