PSMG launches major study on business development

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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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Ropes & Gray scoops coveted lead role on SunGard buyout

The $11.3bn (£6.03bn) acquisition of SunGard Data Systems by a consortium of private equity houses has turned into a feeding frenzy for lawyers, with no fewer than seven US firms landing roles on the biggest leveraged buyout since the 1980s. Boston-based Ropes & Gray has landed the lead role advising the consortium on corporate aspects […]

Olswang team rivals patent specialists after new hires

Olswang team rivals patent specialists after new hires” />Olswang has ramped up its unique in-house patent filing and prosecution practice with the hire of three patent attorneys and a trademarks partner, to go head-to-head with the UK’s specialist patent attorneys. The firm has hired Brian Williamson, head of international patents at technology group NCR, as […]

Careers: People

Scotland’s Morton Fraser has hired Austin Flynn as a corporate partner from Edinburgh rival Murray Beith Murray. Also, corporate partner Adrian Bell will head the Glasgow office from 1 May when John Urquhart becomes a consultant. Penningtons has hired Boodle Hatfield partner Andrew Drake, who joins the Newbury office as a corporate and commercial partner. […]

Firms’ compulsory early retirement schemes fall foul of new legislation

The system of compulsory early retirement used by many UK law firms is resulting in a damaging ‘brain drain’ and may also fall foul of impending age discrimination restrictions, according to market experts. Compulsory retirement ages that differ from the legal standard of 65 will become unlawful under new regulations set to come into force […]

Eversheds to advise MG Rover administrators PwC

Eversheds has scooped a mandate to advise the administrators of MG Rover and Powertrain Limited. PricewaterhouseCoopers partners Ian Powell, Tony Lomas and Rob Hunt were this afternoon (8 April) appointed as joint administrators of MG Rover Group Limited. Additionally, Lomas, Steven Pearson and Rob Hunt have been appointed joint administrators of Powertrain Limited. It is […]

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