Milberg Weiss suffers as team quits

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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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Bird & Bird in hiring frenzy for global growth

Bird & Bird is hiring international partners at a rate of more than one a month, the latest being the appointment of Araoz & Rueda finance partner Andres Lorrio. Lorrio joins the Madrid office as head of banking and finance for Spain. His hire is part of the firm’s plan to grow its foreign offices […]

Elborne Mitchell bags Kim Jong-Il litigation

City insurance boutique Elborne Mitchell has snared first-time instructions from North Korean dictator Kim Jong-Il. The cash-strapped regime has sued London-based underwriters for £30m in outstanding reinsurance claims. Elborne Mitchell reinsurance partner Timothy Akeroyd put the new client win down to the firm’s growing reputation in Asian countries such as China and Japan. State-owned monopoly […]

Private collections

With the use of private companies for public sector work, the tricky issue of insolvencies has been raising its head. Victor Tettmar reports on the issue of the taxpayer not only paying for poor service, but paying again to save the underperforming provider

China

The interest in the mainland China and Hong Kong legal markets continues unabated. Earlier this month (www.thelawyer.com, 12 January) Clifford Chance boosted its mainland corporate China practice by hiring four associates to its Shanghai office, driving forward its ambitious plan to double in size in China within five years to more than 100 lawyers. This […]

ODA prepares for 2012 claims onslaught

The Olympic Delivery Authority (ODA) has started talks to devise a dispute resolution process in anticipation of a flood of legal challenges over the infrastructure for the 2012 Olympic Games. The Chartered Institute of Arbitrators (CIArb) is in discussions with the ODA, which is responsible for the infrastructure of the Olympics, to find the best […]

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