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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 […]

Recommended

Herbies litigators told not to sue big four after Equitable debacle

Herbert Smith has decided not to act for clients suing the big four accountancy firms after losing the Equitable Life case last year. Herbert Smith acted for Equitable Life in the £2.6bn negligence claim against Ernst & Young (E&Y) and a number of the building society’s former directors. The case settled in September 2005, with […]

A&O, CC land Man Utd debt refinancing instructions

Allen & Overy (A&O) and Clifford Chance have been called up for a second time to advise Manchester United and JPMorgan on a £660m debt refinancing that increased the amount of money borrowed against the club’s assets, but reduced its exposure to payment-in-kind notes (Piks). Under the terms of the deal, Man Utd’s overall debt […]

McDermott raids Bakers for securitisation push

McDermott Will & Emery is set to land Baker & McKenzie securitisation partner Paul-Michael Rebus for its London office. Rebus was Bakers’ first London securitisation partner when he joined as a senior associate from Cadwalader Wickersham &Taft in 2004. Bakers has since ramped up its London securitisation practice follwing its raid on Norton Rose last […]

Latham boosts London with securitisation star

Former Mayer Brown Rowe & Maw (MBR&M) securitisation star Mark Nicolaides has resurfaced at Latham & Watkins to spearhead the firm’s drive into the European asset-backed securities market. Nicolaides’ practice covers a range of products, including commercial paper, auto receivables and arbitrage and collateralised debt obligations. His expertise will be a boost to Latham’s London […]

Hill Dickinson wins plum radio role

Hill Dickinson has won a competitive tender to advise on a series of innovative pieces of work for independent radio producers. The firm has been appointed as the official lawyers for the Radio Independents Group (RIG) Law Scheme, and will draw up the first ever unified set of standard contracts for the independent radio industry. […]

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