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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 […]

Recommended

DLA Piper advises Oando on acquisition of ConocoPhillips’ assets in Nigeria

DLA Piper has advised Oando, a Nigeria-based integrated energy solutions provider, on the $1.65bn (£975bn) acquisition of ConocoPhillips’ offshore and onshore assets in Nigeria and the associated reserve-based, multi-source financing. This acquisition will make Oando one of the largest indigenous oil producers both in Nigeria and Africa as a whole. The DLA Piper team that […]

Pittaway, pensions and not-so-pitiful PEP

Specialist pensions-focused firm Sackers, consistently one of the UK 200’s top-performing boutiques, is putting on a brave face after reporting falling figures across the board for the 2013 calendar year. The firm saw revenue drop by 2 per cent last year, from £24.3m to £23.8m while net profit returned to its 2011 figure of £12m, […]

Stockholm sweden

Sweden’s Trelleborg appoints Dometic Group’s legal head as GC

Swedish polymer solutions company Trelleborg today announced that former Dometic Group general counsel Charlotta Grähs will replace Ulf Gradén as the company’s general counsel from 1 October. Grähs will take on a role as part of Trelleborg’s group management and act as secretary to its board of directors. She joins the company from her role […]

Moscow

Shearman secures record $50bn arbitration award against Russia

Shearman & Sterling has secured the largest award ever handed out by an arbitration tribunal, with the Russian Federation asked to pay out $50bn (£29.bn) in damages to shareholders of oil company Yukos. The award, rendered on 18 July in the Hague, also sees Russia ordered to pay $60m in legal fees after a decade […]

Karanovic & Nikolic’s traditional summer internship commences

Karanovic & Nikolic’s traditional summer internship programme has begun. Four candidates have been chosen to spend one month working as trainees in the Belgrade office. The training received by the interns is similar to that of a newly graduated associate. Each intern is placed in four different practice areas with a designated mentor who shows […]

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