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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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Lovells to shut Chicago after Hogan merger goes live

Lovells is to close its seven-partner Chicago office after it underperformed for a number of years. While the plan is still subject to partnership approval it is expected that the office will close at the end of October, six months after the firm’s merger with Hogan & Hartson goes live. A spokesman for the firm […]

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Abramovich to answer Berezovsky coercion claims in court

Chelsea FC owner Roman Abramovich must answer allegations that he used coercive tactics to force former business partner Boris Berezovsky to sell his assets at an undervalued market price, the High Court ruled today. Addleshaw Goddard partner Mark Hastings instructed One Essex Court’s Laurence Rabinowitz QC for Berezovsky. Skadden Arps Meagher & Flom partner Paul […]

Ashurst makes first US lateral with Alston & Bird hire

Ashurst has made its first lateral partner hire in the US since it launched in the jurisdiction last year. Alston & Bird financial services partner Margaret Sheehan will join the Washington DC office in the next two weeks, bringing Ashurst’s partner headcount in the city to five. Sheehan will work in the international regulatory group […]

Lois Howell, Medway NHS Trust

What price efficiency? Local govt event looks at riding out the tough times ahead

With local governments ­facing major cuts over the ­coming years, the legal departments of these ­entities are under increasing ­pressure to drive efficiencies. However, Buttery believes that there are some ­relatively painless fields of cooperation. “Training’s an easy win in terms of cost ­savings,” she argued. It is often IT that drives cooperation, claimed ­Martin Ryan, programme director, regional improvement […]

Pim Bertels

Loyens & Loeff elevates Amsterdam tax boss to role of managing partner

Loyens & Loeff, the third- largest independent firm in Europe by turnover, has elected Amsterdam tax partner Maarten van der Weijden as its new managing partner. He begins his term at the helm of the Dutch-headquartered firm, which has a significant presence in the Benelux region, on 1 June. Van der Weijden will replace Pim Bertels, who […]

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