Mayer Brown claimant sued by Refco creditor

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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 boosts India practice by strengthening Singapore

Linklaters has underscored its commitment to India with the transfer of London-based India group partner Arun Balasubramanian to Singapore. The transfer is part of a firmwide strategy to offer an Indian legal capability from multiple jurisdictions and follows the relocation of banking and finance partner Narayan Iyer to Singapore earlier in the year. India practice […]

Vinson & Elkins boosts bankruptcy practice

Vinson & Elkins’ New York office has taken on five-lawyer boutique Cronin & Vris in the latest bankruptcy hire by a major US law firm. Cronin & Vris was founded by two former partners of Manhattan stalwart Wachtell Lipton Rosen & Katz, both of whom will be joining Vinson: Dennis Cronin will become Vinson’s co-head […]

Bakers, DWS drive Kazakhstan legal regulatory reformation

Baker & McKenzie and Denton Wilde Sapte (DWS) have launched the latest project to reform Kazakhstan’s legal regulatory environment. The two firms are drafting a proposal to reduce the 3 per cent mandatory fee that claimants pay when a case goes to court in the Central Asian country. The Bakers partner in the legal working […]

CC brings Jones Day partner back into the fold

Clifford Chance has continued its aggressive lateral hiring policy by poaching Jones Day‘s London head of competition. Greg Olsen will rejoin the magic circle firm’s London competition team as a partner after leaving as a senior associate in 2001 to set up Jones Day’s London competition team. “I feel I’m leaving the team at a […]

Travers rocked by NatWest Three allegations

Travers Smith has been hit by allegations that it is pressuring witnesses not to testify in the Houston trial of the ‘NatWest Three’. The trio, extradited on Enron-related fraud charges brought by the US government last year, will stand trial in January for embezzling $7.3m (£3.6m) from their former employer NatWest along with ex-Enron finance […]

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