New German Takeover Act used by Weil in Texas deal

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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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Norton Rose set to vote for new chief executive

Norton Rose will this week vote on who will replace current managing partner Roger Birkby to take the chief executive officer (CEO) role Despite rumours that there were a number of partners interested in standing for the position, the final list of candidates comprises just three. Partners must vote between international business partner Peter Martyr, […]

Eversheds instructed by Comet

Eversheds has beaten off competition from at least three law firms to be appointed as the sole adviser on employment for electrical goods retailer Comet Group The firm was invited to pitch despite the employment group having no previous relationship with Comet. Partners Owen Warnock and Peter Norbury led the pitch and have since set […]

Herbert Smith replaces financial institution head

Herbert Smith partner David Willis has become head of the firm’s financial institutions group following the retirement of insurance luminary Marian Pell Willis has taken over the reins in London, having left Herbert Smith’s Asia practice in the hands of Mark Lloyd-Williams last year. After 28 years at Herbert Smith, Pell has opted to retire […]

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BBC Scotland head of legal Alistair Bonnington’s aim is to progress Scottish media law to the full. His achievements so far suggest he’s the right guy for the job. Naomi Rovnick reports

Allen & Overy promotes 34 to partnership

Allen & Overy has made up 34 new partners, 15 of which are in the London office Five partners have been made up in Frankfurt and three in both Amsterdam and Paris. The firm is also to rebrand in Italy, dropping the Brosio Casati name from its Italian practice. From 1 May, the firm will […]

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