Middle East: Arabian blights

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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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Freshfields, Links team up on Xstrata rights issue

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Private client: Nisi does it

After a decade of high profile cases and escalating payouts, 2009 could herald the reform of arcane divorce laws, says Peter Baughan. These have been an interesting few years for divorce. We’ve had intense media interest following the spectacle of the McCartney divorce and, more recently, Madonna’s divorce. Slightly less glamorously, if of more relevance, […]

Cadwalader wins role on $68bn Pfizer mega-merger

Cadwalader Wickersham & Taft has scored a lead role on US drug manufacturer Pfizer’s $68bn (£49.8bn) acquisition of rival Wyeth, the biggest M&A deal in the world for months. Corporate partner Dennis Block is taking the lead for longstanding client Pfizer. The acquisition is the latest in a string of deals Block has handled for […]

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Dentons names Kitchen as next chairman

Corporate partner Martin Kitchen has been named as the new chairman of Denton Wilde Sapte, following a contested election with a total of three contenders. Kitchen, whose three-year term begins on 7 February, replaces Dubai-based partner James Dallas, who will step down to focus on the Middle East energy practice. Kitchen said: “My manifesto was […]

Wilson Sonsini blames downturn for 113 layoffs

Wilson Sonsini Goodrich & Rosati has become the latest US firm to announce it is making layoffs, with job cuts totalling 113 employees. As revealed on US legal blog AbovetheLaw.com today, the firm has culled 45 lawyers and 68 support staff due to the economic downturn. An internal memo sent firm wide, chief executive officer, […]

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