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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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Pillsbury year-end results show 3 per cent boost to $560m

US firm Pillsbury Winthrop Shaw Pittman has posted a 3 per cent boost in turnover, from $543.5m to $560m (£364.3m), in its 2014 year-end financial results. Profits per partner grew by 6 per cent, up from $1.1m to $1.165m in 2014. Revenue per lawyer also increased from $920,000 to $950,000. Pillsbury’s headcount stayed flat at […]

Shoosmiths wins award for advising Hitachi on £4.5bn rail deal

Shoosmiths has been recognised for its role advising train manufacturer Hitachi Rail in a multibillion-pound order for trains. IJGlobal (Infrastructure Journal and Project Finance magazine) presented the Intercity Express Programme with the Rail Deal of the Year award at its annual Europe and Africa awards ceremony on 19 February. IEP is a 30-year design, construction and […]

Eversheds advises Coalfield Resources on £150m reverse takeover and fundraising

Eversheds has advised Coalfield Resources Plc on its acquisition of 75.1 per cent of the shares in Harworth Estates Property Group Ltd that it does not already own from the Board of the Pension Protection Fund. Law firm Harworth Estates is one of the largest property and regeneration businesses across the East Midlands, Yorkshire and the […]

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Dentons appoints London corporate partner Cohen as new UKMEA CEO

Dentons has appointed London corporate partner Jeremy Cohen as the firm’s UKMEA CEO, succeeding Matthew Jones after the end of his fixed four-year term. In his new role, Cohen will assume responsibility for the UKMEA region as well as being a member of Dentons’ global board and global management committee. Cohen, a partner since 2000, […]

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Baker Botts scores Trowers big-hitters for Dubai office

Baker Botts has announced the hire of Trowers & Hamlins’ United Arab Emirates (UAE) head Abdullah Mutawai and head of international disputes Lucas Pitts in a boost to its Dubai offering. Mutawi joins the US firm’s corporate team, while Pitts will be a member of the firm’s international litigation practice, both in Dubai. The hires […]

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