Turning point for enforceable ‘friendly discussions’ before arbitration

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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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BuckleySandler keeps it cosy

London’s shining attractiveness as a disputes centre and global jumping off point is showing no sign of dimming, at least according to Andy Sandler, chair of financial services and financial crime boutique BuckleySandler. Sandler’s firm has just opened up shop in the UK with a US law-only offering staffed with a single partner, Jamie Parkinson, […]

Paris

Clifford Chance scoops corporate team from Willkie Farr in Paris

Clifford Chance has hired a team of three lawyers, including partner Fabrice Cohen, from Willkie Farr & Gallagher’s Paris office. Cohen joins Clifford Chance just two years after joining Willkie Farr from Freshfields Bruckhaus Deringer (1 October 2012). He was previously head of corporate at Freshfields, stepping down in 2011 when the firm hired Hervé […]

Essar Energy delisting sparks legal shake-up

The news that FTSE 250 company Essar Energy’s legal team is to merge with that of parent company Essar Capital’s, with general counsel Sheena Singla considering an informal panel shake-up as a result, will have phones ringing off the hook around the City. Essar Energy’s controversial delisting from the London Stock Exchange in June amid […]

DLA Piper advises KKR on Australian acquisition of Abacus Property Group

DLA Piper has advised global investment firm KKR on its venture with ASX-listed Abacus Property Group to purchase 70 per cent of the World Trade Centre in Northbank, Melbourne, from Asset 1. The deal is worth approximately AUD120.4m (£68m) and settlement is expected in October. KKR will own 75 per cent of the venture on […]

4 August 2014

Top 10 stories, 15 August – 21 August 2014

The last week’s biggest stories have seen plenty of litigation and news of firm restructures – have a look and share your views. The doings of the magic circle always hold fascination for the legal market, and many are watching closely as Clifford Chance’s new managing partner Matthew Layton, backed up by his replacement as […]

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