Linklaters scores von Bismarck fillip in Germany

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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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Firm foundations

Jersey’s new law relating to the creation of foundations as an alternative to trusts confers many benefits on clients more familiar with operating under civil law. By Alex Ruffel and Phil Howarth Jersey has a new foundation law that was recently approved by the States and came into force on ­Friday 17 July. Potentially this […]

Turnover stands firm at Bond Pearce

Turnover has remained steady at Bond Pearce over the 2008-09 financial year, with the firm bringing in £48m, equal to 2007-08’s figure. Despite the lack of change in turnover, profitability fell slightly at the South West firm, with the profit margin dropping from 17 per cent in 2007-08 to 15 per cent in 2008-09. As […]

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Law Society to students: legal career may be too risky

The Law Society is set to launch a campaign warning students to think twice about embarking on a career in law. The information campaign will target university and secondary school students, and contain information about the cost of legal training as well as the shrinking number of training contracts of offer. According to the Law […]

CC structured finance partner latest to defect as UK firms face tough time in Italy

Former Clifford Chance Italy co-managing partner Luigi Chessa has left the magic circle firm. It is not yet clear which firm Chessa will be joining, with speculation in the ­Italian legal market ­focusing on whether the high-profile securitisation partner will opt for an ­international or a local firm. One local partner said: “Chessa has a good client […]

Bank of America names new global GC

Mark Elliott has been appointed as global general counsel for commodities at Bank of America Merrill Lynch. He was previously head of legal for commodities for Europe, the Middle East and Asia, based in London. Elliott takes over from US-based Ronald Oppenheimer, who has left the bank to join oil and energy company Vitol to […]

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