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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

Heller Ehrman hires DLA Piper IP partner

Heller Ehrman has recruited IP partner Richard Penfold from DLA Piper to boost its year-old London office as speculation over an impending merger with Baker & McKenzie persists. Penfold’s move represents continued growth in Heller Ehrman’s London office, which opened in early 2007 and now has 24 lawyers, including 11 partners. London partner Richard Eaton […]

DLA review sees five TMC lawyers redundant

DLA Piper is conducting a firmwide review of staffing levels, resulting in five redundancies in the firm’s technology, media and ­communications (TMC) group. The layoffs, which were all in London, include three assistants, a legal director and an associate. The cuts, which were all voluntary, coincided with the loss of IP partner Richard Penfold, who […]

Carey oversees Guernsey

Offshore firm Carey Olsen has acted on the first Guernsey special purpose acquisition company (Spac) to be listed on Euronext Amsterdam. Carey Olsen advocate Tom Carey worked with Weil Gotshal & Manges capital markets partner James Cole to advise Spac Germany1 Acquisition on its recent listing, which raised e250m (£197.72m). Germany1 now aims to buy […]

Lost in the post

Nowadays it’s so easy for vast quantities of data to leave the workplace – on CDs and DVDs, on laptops, on USB sticks. Inevitably some of it is mislaid, lost or stolen. When two CDs went astray containing personal details of 25 million people, businesses realised that if confidential data is going to leave the […]

McDermott loses two partners as 2Birds swoops

McDermott Will & Emery has lost the head of its Brussels office after Bird & Bird poached a two-­partner competition team from the US firm. José Rivas, who was head of the Brussels competition team, as well as managing partner of McDermott’s Brussels office, has joined Bird & Bird’s competition group along with EU law […]

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