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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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Cat calls

One of the more amusing snippets to have emerged from last week’s hire by Allen & Overy of Lovells private equity partner Derek Baird is his nickname. Or rather, the name Baird apparently wanted his colleagues to call him. The story emanates from Baird’s days at Dickson Minto, so whether the nickname followed him from […]

Morgan Lewis to launch white-collar crime team

Morgan Lewis & Bockius is launching a French white-collar crime practice with the hire of former Rambaud Martel partner Thierry Dalmasso. Dalmasso joined the US firm’s Paris office on 16 January along with three associates. He was previously a partner at independent firm Rambaud Martel, which broke up after Orrick Herrington & Sutcliffe announced that […]

McGrigors raid for energy team cuts Ledingham in half

McGrigors is poised to make a stunning entry into the oil and gas market by launching a raid that splits Scottish rival Ledingham Chalmers in two. The Scottish heavyweight is in the advanced stages of talks to acquire the entire Aberdeen-based energy team and the energy-related corporate and property teams, including some from Ledingham’s recently […]

Sutherland and Freshfields land BNFL roles on £2.8bn Toshiba deal

US firm Sutherland Asbill & Brennan and Freshfields Bruckhaus Deringer have scooped instruction from British Nuclear Fuels (BNFL) on the pending US$5bn (£2.8bn) sale of its US subsidiary Westinghouse to Japanese congolmerate Toshiba. BNFL’s in-house legal director Alvin Shuttleworth and UK general counsel Sue Quaint have led the deal along with Atlanta-based firm Sutherland Asbill […]

West Midlands merger creates top 100 UK firm

West Midlands firms Cartwright & Lewis and Challinors have announced they will merge, in a partnership that is expected to push the new firm into the top 10 in the region. The agreement will come into effect from April 1, with 34 partners and 120 fee earners set to join the new firm, Challinors Incorporating […]

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