Mayer Brown and Simmons decide against merger

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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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Australia’s AAR hires Clifford Chance partner for Singapore base

Allens Arthur Robinson has hired Clifford Chance asset finance partner Rod Howell as the Australian firm ramps up its Singapore offering. Howell, who began his career at Allens, will be joined in Singapore by three more partners who have relocated from the firm’s other Australasian offices. Cambodia practice head and energy and resources partner Marae […]

Pensions are fun

Pensions, it has to be said, could bore even the most committed of geeks. Pensions legislation, on the other hand, can send the lawyers working in that space quite giddy with excitement, given that the law can be interpreted in so many different ways. Thanks to Mr Justice Warren, who this week delivered a judgment […]

Osborne Clarke’s PEP rises on flat turnover figure

Osborne Clarke has posted a 12 per cent rise in average profit per equity partner (PEP) for 2009-10, with partners taking home an average of £393,000. Turnover at the Bristol firm remained virtually flat at £83.7m, down slightly from last year’s figure of £84m, while UK profits increased by 5 per cent. The results represent […]

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Bakers makes up seven City partners

Baker & McKenzie has promoted seven lawyers to its London partnership. The figure is an increase on last year, when just two partners were promoted, and is also up on 2008, when six lawyers were made up (2 July 2008). The promotions have been made in corporate, disputes, pensions, IP, and European competition and trade, […]

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