Mid-market firms bullish on results as credit crunch bites…

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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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Mayer Brown wins two more partners for London

Mayer Brown has upped the pace of its lateral hiring spree with the addition of a partner apiece in its corporate and real estate practices. Alistair Bird will join the corporate practice from Simmons & Simmons on 1 October, with Ashurst real estate partner Gary Watson set to join the firm a month later. Their […]

CC ties up licensing for kids’ TV show

Magic circle firm Clifford Chance has advised interactive media company Ludorum on a licensing agreement for the UK broadcast related rights to a new animated children’s series. Computer-generated 3D series Chuggington, which follows the adventures of three trainee diesel engines, includes an interactive website and is focused on assisting the learning and social development of […]

Going global

The NAIC’s new proposals have brought global reinsurance harmonisation one step closer, says Bob Haken Disparity between insurance regulatory regimes is a key inhibitor to competition and industry growth, particularly in the reinsurance sector. On 29 September 2007, the Reinsurance Task Force of the National Association of Insurance Commissioners (NAIC), which is comprised of the […]

Howrey enters Spain via local tie-up

US firm Howrey is set to be the next Anglo-Saxon entrant into the Spanish market, merging with Madrid competition boutique Martínez Lage & Asociados. Howrey will launch its new office at the start of next year, swallowing up the three-partner Martínez Lage firm. Founder and managing partner Santiago Martínez Lage will manage the office, which […]

Bond Pearce secures wave farm permission

Bond Pearce has advised the South West of England Regional Development Agency on the first wave farm in the UK to gain planning approval. Bond Pearce planning partner John Houghton said the farm off the coast of Cornwall, known as ‘Wave Hub’, can generate enough electricity to power 3,000 homes. “This is the first of […]

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