Section 38 agreements – they ain’t what they used to be

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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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New China cyber security rules are part of a concerning trend, says Eversheds

EU and US businesses are asking their governments for urgent help in stopping the implementation of new Chinese cyber security regulations that could undermine the ability of foreign companies to participate in the banking IT market in China. Paula Barrett, partner and head of privacy and information law at Eversheds, comments: “This move can be seen […]

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Shakespeares and SGH Martineau in talks to create £75m firm

Midlands firms Shakespeares and SGH Martineau have announced they are in merger talks with the aim of creating a new top-50 firm with revenues of over £75m and 150 partners. The firms began talking a few weeks ago after Andy Raynor took over from Paul Wilson as Shakespeares CEO (22 January 2015). A spokesperson for […]

Top 15 spot for Eversheds in global arbitration ranking

Eversheds’ international arbitration group  has been ranked among the top 15 firms in Global Arbitration Review’s ‘GAR 30’, which lists the most active arbitration practices worldwide. Cases include a tremendous result for Iran in 2014, helping the state win its first-ever investor-state arbitration under an investment treaty. Another success saw a team from the London and […]

£100m Indian debentures issuance guided by Khaitan & Co

Khaitan advised Kotak Mahindra Bank in relation to issuance of listed, rated, unsecured, unguaranteed, redeemable non-convertible debentures of some $158m (£100m) by Jindal Steel & Power on a private placement basis to Kotak Mahindra. Associate partner Ashwin Bishnoi led the transaction. 

Hong Kong

Norton Rose Fulbright adds K&L Gates partner to Hong Kong base

Norton Rose Fulbright (NRF) has added K&L Gates partner David Johnson to its Hong Kong office, two years after he joined the US firm from Allen & Overy. Capital markets and corporate lawyer Johnson, who joined K&L Gates in March 2013 (8 March 2013), will head NRF’s US securities practice in Asia. With a particular […]

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