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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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Clifford Chance, Linklaters take on Shearman in battle for Bridgepoint

Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm. Shearman & Sterling is making its presence felt in the City, squaring up […]

Allen & Overy strengthens Asia-Pacific presence with office in Yangon, Myanmar

Allen & Overy has announced its sixth office in the Association of South East Asian Nations (ASEAN) in Yangon, Myanmar. This latest opening takes the firm’s office count to 12 in the Asia-Pacific. The firm’s Yangon office is managed by Simon Makinson who has led the firm’s push into Myanmar from the start when sanctions […]

Walker Morris set to provide legal support to Centre for Process Innovation

Walker Morris has been appointed to the Legal Service Panel for the Centre for Process Innovation (CPI) following a successful tender. The firm was successful in all areas of legal work and will cover all lots: property and construction; corporate; procurement state aid and competition; commercial and intellectual property litigation; commercial and technology; engineering law […]

Karanovic & Nikolic advises Mid Europa Partners on sale of SBB/Telemach Group

Karanovic & Nikolic has advised Mid Europa Partners, a European private equity firm, on the sale of SBB/Telemach Group to KKR, a global investment firm. Mid Europa Partners acquired SBB, a Serbian pay TV provider, in 2007 in a transaction that Karanovic & Nikolic also advised on. Karanovic & Nikolic’s legal team was headed by […]

Sun shines on Freshfields’ pay packets

The sun is out – sort of – and Freshfields Bruckhaus Deringer associates are making hay. The magic circle trainee troupe will be kicking their heels in joy after their first salary boost in five years. The firm has melted its salary freeze for trainee and merit-based associate pay, also held at the same level […]

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