Shearman launches London IP practice

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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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PwC Brussels partner departs to B&M

The tax arm of accounting giant PricewaterhouseCoopers has suffered a blow with the exit of Brussels partner Philippe Lion to Baker & McKenzie. It is understood that the regulatory climate post Sarbanes-Oxley was a factor in Lion’s decision to leave the accounting firm. Commenting on his departure, the former PwC tax director said: “Auditors’ independence […]

Advisers clamour for WorldCom’s $150m

The bunfight for fees on the WorldCom restructuring has begun, with lawyers battling over their share of an estimated $150m (£89.6m) in costs. The telecoms group, which has since rebranded as MCI, this month saw its reorganisation plan approved by a New York judge after 15 months of fraught negotiations. As counsel to the official creditors […]

Why the smaller firms have had a great year in Germany

Aled Griffiths on why Osborne Clarke, Bird & Bird and Linklaters spin-off Schiedermair are making it big The federal nature of the German legal market has meant rich opportunities for firms wanting to colonise local centres. The financial and industrial heartland of Germany, from Düsseldorf down to Frankfurt via Cologne, has occupied the attentions of […]

Pillsbury old guard dominate after elections

Pillsbury Winthrop’s management has received a vote of confidence from the firm’s partnership, which has re-elected its chair and managing partner. Mary Cranston and Marina Park, chair and managing partner respectively, will retain the positions they have held since the merger of New York’s Winthrop Stimson Putnam & Roberts and the West Coast’s Pillsbury Madison […]

Hammonds beats DLA to Vodafone’s pension work

Hammonds has grabbed Vodafone’s UK pension fund work out of the grasp of DLA.The work initially moved to DLA when Michael Cowley joined the top 10 firm from Stephenson Harwood in May 2002. However, it is understood that Cowley’s move to a new firm prompted Vodafone to retest the market. DLA, Hammonds and two other […]

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