Shearman makes its Deutsche mark

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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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Data protection authorities announce investigations into Google’s privacy policy

On 2 April 2013, data protection authorities across the EU — including the Information Commissioner’s Office — announced that they are now investigating whether Google’s privacy policy complies with national data protection laws. The investigation was prompted by allegations that Google failed to implement recommendations issued to it by the EU Working Party in October […]

DLA Piper announces strategic alliance with Indonesia’s Ivan Almaida Baely & Firmansyah

DLA Piper has announced a strategic alliance with Ivan Almaida Baely & Firmansyah (IAB&F) law firm in Indonesia. IAB&F delivers premier Indonesian legal services to international and domestic corporations, investors and state-owned enterprises. DLA Piper has been actively involved in Indonesian matters for many years, with its lawyers advising government, state-owned and local enterprises, international […]

Growth and Infrastructure Act 2013: rights for shares

By Jonathan Exten-Wright The parliamentary term ended on 25 April 2013 with a narrow win for the government in a stand-off over the ‘shares for rights’ scheme. This controversial employment measure, contained in the Growth and Infrastructure Act, will allow employers to offer employees a new form of employment contract under which they give up […]

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SJ Berwin all square as February partner profits paid out late

SJ Berwin has paid out partners’ profit distributions in full after holding back February earnings due to a sizeable tax bill. Partners were remunerated roughly a month and a half late, with the quarterly payouts coming in late March and early April. The next instalment is due for May. An SJ Berwin spokesperson confirmed that […]

Israel
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China’s Yingke launches in Israel with local merger

Beijing-headquartered Yingke has launched in Israel through a local merger, making it one of the first foreign firms to have done so following the deregulation of the legal market. Yingke, one of the largest firms in China, has merged with Israeli boutique firm Eyal Khayat Zolty, Neiger & Co,for its first step into the jurisdiction. […]

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