India opens up its rail sector to foreign investment

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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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Mills & Reeve’s Guy Hinchley: We’re on the hunt in Leeds

“It’s been a good year at the office,” says Mills & Reeve managing partner Guy Hinchley. He’s talking off the back of a set of financial results that will be pleasing for the firm: revenue for 2013/14 was up by more than 12 per cent, to £79.5m. Some of that is down to Mills & Reeve’s summer […]

Shoosmiths re-accredited with Investors in People gold standard

Shoosmiths has become the first top-40 legal firm to be accredited with the Investors in People (IIP) gold standard for a second time. The law firm joins a band of just seven per cent of all UK businesses to be re-awarded the gold standard, which involves a rigorous nine-day assessment. Assessors spoke with both legal […]

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Baker Botts, Weil Gotshal and Vinson & Elkins advise on Kinder Morgan $70bn pipeline deal

Baker Botts, Weil Gotshal & Manges and Vinson & Elkins have advised on Kinder Morgan’s blockbuster $70bn consolidation of its related pipeline companies, marking the biggest energy merger since ExxonMobil 12 years ago. Kinder Morgan announced its intention to take on all of the outstanding equity securities of Kinder Morgan Energy Partners, Kinder Morgan Management […]

DLA Piper advises Etihad Airways on $560m investment in Alitalia

DLA Piper has advised Etihad Airways, the national airline of the United Arab Emirates, on its entry into a transaction implementation agreement with Alitalia, which will result in a €1.76m (£1m) investment to build a reinvigorated Alitalia as a competitive, sustainably profitable business. Etihad Airways’ investment of €560m will be provided through a combination of […]

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