Post-termination restrictions: how useful is a stick without a carrot?

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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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Clifford Chance and Simpson Thacher share KKR job on UK water buy

Clifford Chance, Freshfields Bruckhaus Deringer and Simpson Thacher & Bartlett have acted on the sale of the owner of South Staffordshire Water and Cambridge Water to US private equity giant Kohlberg Kravis Roberts (KKR). The deal sees KKR buy South Staffordshire Group from infrastructure fund manager Alinda Capital Partners for an undisclosed sum. Together the […]

Hong Kong
5

Quinn Emanuel plans Hong Kong launch

Quinn Emanuel Urquhart & Sullivan is to launch in Hong Kong after hiring arbitration lawyer John Rhie from Kim & Chang. It comes just weeks after the firm announced its intention to open in Sydney through the hire of two Herbert Smith Freehills partners Michael Mills and Michelle Fox (10 May 2013). Rhie, who is […]

Anti-bribery and corruption

We provide expert advice on the full range of international anti-corruption issues globally. Our team includes former prosecutors in the US and a former chief prosecutor in Europe and has worked on the most significant case to date in the UK. Thanks to our past governmental and recent defence experience, our lawyers are known and […]

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Exclusive: Henderson in-house team shrinks amid shift to using law firms more

Henderson Global Investors’ UK in-house legal team has shrunk by nearly 30 per cent in the past year following a shift to farming out more of its lower-level work to law firms. The investment manager’s legal department has decreased in size from 11 lawyers a year ago to eight currently, including general counsel Jacqui Irvine […]

Regulation on OTC derivatives, central counterparties and trade repositories

Following some uncertainty in early February 2013 in respect of whether the European Parliament would object to certain EMIR regulatory technical standards, it finally accepted the six draft standards and they entered into force on 15 March 2013. The six RTS relate to: (i) Trade repositories (including the minimum details of the data to be […]

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