ISDA Master Agreement — final amendment to section 2(a)(iii)

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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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Shoosmiths advises Softbox on investment by Great Point Partners

Shoosmiths’ Adam Dowdney has advised the shareholders of Softbox Systems — a manufacturer and distributor of temperature-controlled packaging systems to the pharmaceutical industry — on the strategic majority investment by US private equity firm Great Point Partners. Dowdney led a team of corporate specialists comprising fellow partner Lynn Knight, banking partner Linda Williams, corporate assistant Kiran Virk and paralegal […]

HP

Wachtell and Clifford Chance set to go head-to-head in HP Autonomy war

A fraud battle brewing between Hewlett-Packard (HP) and former Autonomy managers could see Clifford Chance and Wachtell Lipton Rosen & Katz squaring off in the High Court. Earlier this week the ongoing and acrimonious fallout from HP’s $11.1bn takeover of Autonomy in 2011 escalated, with HP accusing former Autonomy founder Michael Lynch and CFO Sushovan […]

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 […]

News International scandal not over yet for NI lawyers

The phone-hacking scandal came to a dramatic conclusion last month with Andy Coulson jailed for 18 months over conspiracy to hack phones.  But for an ex-Harbottle & Lewis partner and former News International in-house counsel Jonathan Chapman, a new battle is brewing. Former Harbottles partner Lawrence Abramson, hired by the paper to investigate allegations against […]

Eversheds Saladžius’ Čičelis and Jakubauskas join list of recommended arbitrators

Attorneys-at-law Dainius Čičelis and Tomas Jakubauskas of Eversheds Saladžius have been included in the Lithuanian Court of Arbitration’s list of recommended arbitrators. The Lithuanian Court of Arbitration is a permanent arbitration institution, organising the settlements of international and national commercial and other disputes by arbitration.

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