Useful guidance on the Bermudan courts’ approach to assisting foreign liquidators

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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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Linklaters warms up to lockstep flexing as part of US plan

A high-level source at Linklaters has said the firm could flex lockstep in the future as a way of building up its US practice, marking a key attitude shift within the firm. On the day of a firm-wide vote on issues including the firm’s US strategy and make-up of its international board, a senior partner […]

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Edwards Wildman and Locke Lord partners vote for $675m merger

Partners at Locke Lord and Edwards Wildman Palmer have voted in favour of the firms’ $675m tie-up. The deal, which is set to take effect on 10 January 2015, will create a firm named Locke Lord Edwards with about 1,000 lawyers based in 23 offices worldwide. The plan has been underway since summer 2014, when […]

Hitachi Rail Europe appoints six firms for inaugural panel

Transport supplier Hitachi Rail Europe has become the latest company to launch an inaugural legal panel, picking six firms for its roster (see story here). The appointment of Addleshaw Goddard, Ashurst, DLA Piper, Eversheds, Shoosmiths and Stephenson Harwood comes less than six months after the company hired DLA Piper lawyer Rachel Crosier as its first […]

DLA Piper represents Neothetics in initial public offering

DLA Piper advised Neothetics, a clinical-stage speciality pharmaceutical company developing therapeutics for the aesthetic market, in the pricing of its initial public offering (IPO) of 4,650,000 shares of its common stock at a public offering price of $14 (£9) per share. The San Diego-based DLA Piper team representing Neothetics was led by partners Michael Kagnoff […]

Khaitan & Co acts for Indian Beauty and Hygiene Association and Hindustan Unilever

Khaitan & Co represented Indian Beauty and Hygiene Association and Hindustan Unilever Ltd in challenging the validity of a notification passed under the Legal Metrology Act 2009. The notification amends the Legal Metrology (Packaged Commodities) Rules 2011 requiring cosmetics to have a label bearing a coloured spot for differentiating products of vegetarian origin and non-vegetarian […]

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