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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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Projects

Trowers ties up Middle East ‘blueprint’ double TROWERS & Hamlins is riding a record year for its Middle East practice, closing two landmark deals in Saudi Arabia and Libya within a week. The firm advised the winning consortium to provide Saudi Arabia’s first private water and power project, the $2.5bn (£1.41bn) Shoaiba project. Allen & […]

Goodwill hunting

When a partner retires from a partnership, goodwill is required on both sides, but does a firm have the power to enforce it? By Clive Greenwood One of the most valuable assets of a partnership is its goodwill, and one of the essential elements of any well-drafted partnership agreement is the protection of that goodwill […]

DWF implements new management structure

North West firm DWF has revamped its entire management system. The firm has appointed HR group head Andrew Leaitherland as the firm’s first managing partner, at the same time as disbanding its former management board in favour of implementing a new strategic team. Senior partner Jim Davies continues in that role, although his day-to-day operational […]

Bedell Cristin continues growth with Guernsey launch

Jersey firm Bedell Cristin will launch its fifth office when its opens in Guernsey in April. The new operation will be headed by corporate specialist Mark Helyar, who joins from local firm Babbe Le Pelley Tostevin. It will focus on financial services including banking, corporate finance, securities and investment funds. Richard Gerwat, managing partner of […]

Pub grubs

News reaches Tulkinghorn – anecdotally of course – that although Cadwalader lawyers are said to be massively aggressive over the negotiating table (who on earth could they be trying to emulate? wonders Tulkinghorn) they are actually lovely chaps in the pub. The answer, surely, is do the deals in the Dog & Duck. Just a […]

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