Rowe & Maw boosts property department

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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

Freshfields boosts Amsterdam finance practice

Jeroen Thijssen, one of Holland’s most senior finance lawyers, has been a partner at Nauta Dutilh since 1985. He joins Freshfields Amsterdam office as a partner. His arrival boosts the operation, which opened in May 1999, to 14 partners and 40 associates. Thijssen’s departure from Nauta Dutilh comes only months after the resignations of chairman […]

Virgin re-examines panel

Currently the group uses Macfarlanes, Allen & Overy, Harbottle & Lewis and Cameron McKenna and Group commercial director Richard Bowker stresses that he is very happy with all those firms but believes there might be space for other firms to join the panel. For full story see The Lawyer on 23 January

A&O steps up restructuring drive with Indonesian deal

The Singapore office of Allen & Overy (A&O) has completed what is believed to be the largest restructuring for an Indonesian debtor since the economic crisis in 1997. The firm is advising Bank of America as chairman of the steering committee of creditors to PT Indocement Tunggal Prakarsa, one of the leading cement producers in […]

Eversheds culls equity partners to hike profits

Eversheds is slicing an estimated 10 per cent of equity partners in an attempt to boost profitability. The figure represents 20 partners, of whom 10 will be taken out of equity and will drop down to fixed-share status, whereby a partner is effectively still self-employed but receives a fixed salary. The remainder will be asked […]

Technology, Media and Telecoms

RiverSoft makes initial public offering on techMARK and Rule 144A placing. Issuer advised by Linklaters & Alliance (Derek McMenamin). Sponsor and sole bookrunner Morgan Stanley Dean Witter advised by Allen & Overy (Mark Dighero).

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