Slovenia: IPPC baseline reporting to become serious very soon

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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 […]

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 […]

Guide to implement new internship rules in Romania

By Amalia Surugiu, Amalia Surugiu The internship contract is an alternative tool by which a company provides a student or trainee the opportunity to work in the company to gain theoretical and practical knowledge in a specific field, with a view to possible employment after the internship is complete. The template documents necessary to put […]

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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 […]

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 […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

Robert Tchenguiz abandons claims against Grant Thornton

On day 4 of the trial, Robert Tchenguiz and the other Claimants have abandoned all claims against Grant Thornton in t long-running litigation which the Claimants commenced in August 2015. In the claims, which have been widely reported in the press, Mr Tchenguiz and associated Claimant companies allege that two Grant Thornton partners had conspired […]

Q&A – Luxembourg Securities Law joins the blockchain age

What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to embrace and […]

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Gateley announces 28 promotions across its English offices

Gateley has announced a total of 28 promotions across its English offices. Seven of Gateley’s Manchester team have been promoted, with tax specialist Richard Clitherow being made legal director.  Additionally, three employees were promoted from associate to senior associate: Simon Maddox from the real-estate team, employment lawyer Avril England and Stuart Evans from the pensions team. Employment […]

Allen & Overy joins rush to South Africa

South Africa certainly looks like the place to be at the moment. First Simmons & Simmons entered with a new alliance at the beginning of the month, now Allen & Overy looks set to launch in the country . The firm is understood to be preparing for a South Africa office with the hire of […]

CMS, Pinsents and Simpson Thacher lead on Blackstone $500m oil company launch

CMS Cameron McKenna, Pinsent Masons and Simpson Thacher & Bartlett have advised on one of the largest ever private equity investments in North Sea oil, with the $500m (£301m) launch of Blackstone and Blue Water Energy-backed company Siccar Point Energy. Pinsent Masons Glasgow-based partner Barry McCaig took the lead role for PE backer Blue Water Energy […]

DLA Piper’s Miami office doubles in size at Southeast Financial Center

DLA Piper has signed a lease renewal to expand to two floors containing 45,000ft² located at Southeast Financial Center, Florida’s tallest and largest office tower and plaza in Miami’s Central Business District. The long-term agreement will add 22,500ft² on the 24th floor to DLA Piper’s existing presence on the 25th floor, which will double the […]

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