McDermotts breaks mould with PwC accountant hire

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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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Silicon Valley firms in fees lifeline as Hewlett-Packard and Compaq merge

Silicon Valley lawyers have scooped all the work advising on the mega-merger of Hewlett-Packard and Compaq. Rival lawyers say the deal could generate as much as $8m (£5.5m) in fees for the Valley, to be shared between local giant Wilson Sonsini Goodrich & Rosati and the Valley office of New York’s Skadden Arps Slate Meagher […]

Herbert Smith in Asia management rejig

Herbert Smith has restructured its management team, relocating executive partner Tim Parkes to Hong Kong to become the firm’s new head of the Asia region. Head of real estate Iain Rothnie will take over Parkes’ former role. The changes take effect next January.Rothnie said: “I’m delighted the partnership has confidence in me to continue the […]

Ledingham Chalmers makes hire for newco

Scottish firm Ledingham Chalmers has hired a financial adviser from rival firm Burnett & Reid to set up a new company, Ledingham Chalmers Financial Services.

CC's CMT department lands Video Networks

Clifford Chance has won Video Networks as a new client for its communications, media and technology department (CMT). The firm has just completed its first deal for the client after it approached head of the CMT group, partner Daniel Sandelson. He had worked with Video Networks’ general counsel Adam Tow before he joined Video Networks […]

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