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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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Grapevine

Man United’s Freshfields defender sticks his heels inThe lawyer currently standing between Malcolm Glazer and Manchester United – Freshfields Bruckhaus Deringer partner Mark Rawlinson – also took a strong stance on a board’s fiduciary duty to shareholders when advising on the failed P&O Princess-Royal Caribbean merger. At the behest of Royal’s investment bankers Goldman Sachs, […]

Milbank seals first deal for Sainsbury family

Milbank Tweed Hadley & McCloy has sealed its first deal for the Sainsbury family. Former Freshfields Bruckhaus Deringer partner Tim Emmerson advised Lord David Sainsbury’s trust the Gatsby Charitable Foundation on its disposal of £130m worth of shares to investment bank UBS. The disposal was by way of an auction and UBS was advised in-house. […]

Cadwalader raids Shearman for antitrust drive

Cadwalader Wickersham & Taft has pulled off a major coup with the hire of a trio of antitrust partners from Shearman & Sterling. Shearman’s global head of antitrust Steven Sunshine last night (2 March) quit the firm alongside two junior partners, Jess Biggio and David Wales. Sunshine and Wales will work out of Cadwalader’s Washington […]

Bryan Cave shrugs off 2004’s turnover drop

US firm Bryan Cave’s 2004 revenues have dropped slightly on its record 2003 but firm chairman Don Lents has claimed the year was still a success as 2003’s figures included a massive success fee. Gross revenue for 2004 was $374m (£196m) down 2.6 per cent from $384m (£201.2m) in 2003. Profit per equity partner (PEP) […]

Firm profile: Adams Solicitors

Adams Solicitors, a firm well respected on East London’s high streets, has undergone a radical transformation in the last year. Established in 1992 by husband and wife duo Som and Mahinder Chima, the firm, once known for its family and conveyancing expertise, appears to have hit the big time with the opening of a Canary […]

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