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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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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 […]

McCarthy Tétrault expands in London

CANADIAN firm McCarthy Tétrault has expanded its City office, adding a project finance partner to boost its expanding AIM-focused work. The former co-head of the project finance group at Hunton & Williams Mark Frewin joins the firm to focus on mining, oil, gas and energy projects. McCarthy has also recruited Trowers & Hamlins associate Paul […]

Jersey

Answers to questions about the rise of real estate investment trusts and the fate of Jersey property unit trusts will have to wait until the Chancellor’s next Budget, write Mark Lewis and Christian Harran

MBO sees Cripps Portfolio quit firm

Cripps Harries Hall is set to see turnover drop by 25 per cent this year as its investment and wealth management arm completes a management buyout (MBO). Cripps Portfolio, which has renamed itself Heartwood Wealth Management, carried out the MBO late last year. However, some partners at Cripps still own minority stakes in the business, […]

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 […]

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