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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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Quote of the week

“It’s not rocket science – it’s just a well executed defence.” – Slaughter and May corporate partner William Underhill, who led Blue Circle’s defence against a hostile all-cash bid, discusses the service provided for his client.

Mallesons top tax man quits law

One of Australia’s leading tax practitioners is quitting Mallesons Stephen Jaques after 22 years because he hates tax. Partner Michael Wiley heads the Sydney tax practice and is regarded as one of the country’s most senior practitioners. Mallesons is one of the country’s leading tax firms, acting for clients such as Orica, Unilever and Lion […]

Denton Wilde adds bonus and hikes assistant rates

Denton Wilde Sapte has introduced a bonus scheme based on chargeable hours at the same time as putting up assistant rates to magic circle levels. The firm is paying newly qualified assistants £42,000 per annum. Both Denton Hall and Wilde Sapte previously paid £37,000. The bonus deal will see lawyers with post qualification experience of […]

Herbert Smith plans merger with Germany’s Gleiss Lutz

Herbert Smith is in merger talks with Gleiss Lutz Hootz Hirsch Rechtsanwälte, hoping to scoop the last magic circle merger partner in Germany. It is understood that the two firms have been in talks for over six weeks, although a partnership vote has not yet taken place. Gleiss Lutz managing partner Martin Diller says: “There […]

Reynolds Porter

Reynolds Porter Chamberlain acted for OneEighty Software on the $1m (£668,000) funding being invested by NewMedia Spark. The internet investment company has taken a 20 per cent stake in OneEighty Software in return for its capital. Corporate partner Ron Norman acted on the deal with associate Marianthe Brotherton. Nabarro Nathanson advised NewMedia Spark.

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