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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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Pillar

Pillar Property and Equitable Life Assurance Society convert their limited partnership into Jersey-based institutional unit trust. Pillar Property advised by Gouldens (David Roberts and Tom Budd). Equitable Life advised by Denton Wilde Sapte (Nichola West).

The personnelity

Partners in commercial law firms have never been more mobile and hiring a whole team is now common practice. Even 10 years ago, it was almost unthinkable for a partner to leave an established City practice, let alone to leave for a practice in its infancy. Now, hardly a week goes by without news of […]

Opinion

At the moment, it seems that every City firm is looking to recruit. In this time of apparent boom, we are enjoying business growth and increased profitability. For firms to cope with client demands and exploit the current economic climate, we need the right lawyers with the right level of expertise to do the work. […]

Norton Rose re-elects Lewis

Lewis’s re-election, which was uncontested, follows the recent agreement within the firm to give managing partner, Roger Birkby a third crack of the whip. A mergers and acquisitions lawyer, Lewis will continue to combine that practice with the post of Senior Partner. The Lewis and Birkby combination has seen something of a boom period at […]

PwC and Standard Chartered Bank settle claim

The bank claimed PwC gave it flawed advice when it was considering buying the United Bank of America in 1987. Standard sued and was awarded record damages of $341 million, but the ruling was overturned. Many of the charges against PwC were thrown out but Standard was allowed to put in a claim of negligent […]

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