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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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CC senior partner contenders square up for round three

The contenders for Clifford Chance&#39s senior partner role face another agonising week of voting after the second round failed to produce a clear winner Thomas Gasteyer, Clifford Chance&#39s corporate partner and deputy chairman, has been knocked out of the race, leaving Stuart Popham, head of global finance, and John Beechey, head of the international commercial […]

DEAL OF THE WEEK – HARVEY NICHOLS

Macfarlanes to take Harvey Nicks private Macfarlanes has landed its first deal for Dickson Poon, the majority owner of Harvey Nichols, as the Hong Kong businessman pushes ahead with plans to take the Knightsbridge-based store private.The firm won the mandate after it was recommended by investment bank JP Morgan, which is also acting on its […]

Herbert Smith boosts Gleiss tie in £260m Johnson Matthey deal

Herbert Smith has galvanised its alliance with Gleiss Lutz after persuading Johnson Matthey to use the German firm for its £260m acquisition of ICI’s catalyst business Synetix.The deal, which is part of ICI’s drive to reduce its £2.3bn debt mountain, required both German and Indian legal expertise as the transaction also included the disposal of […]

Irwin Mitchell to close practices in the Midlands

Irwin Mitchell is closing down three of its four commercial groups in Birmingham, leaving 15 jobs hanging in the balance, including those of its six fee-earners and two trainees The national firm is closing its Birmingham insolvency, corporate finance and property departments, leaving only employment as its remaining commercial offering in the Midlands. It aims […]

New tenants for 199 Strand

Four new tenants have been recruited by 199 Strand. Anthony Higgins, a commercial and professional negligence barrister, has joined from the now defunct Goldsmith Buildings. Employment, immigration and commercial litigation specialist Alan Payne has moved from 1 Harcourt Buildings. Meanwhile, housing and employment barrister Kuljit Bhogal has joined the set from Bracton Chambers, and common […]

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