Shearman promotes lucky 13 to partner

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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 […]

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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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Shearman bolsters London with raid on Latham

Shearman & Sterling has snared a high yield finance partner from US rivals Latham & Watkins’ London office. Jacques McChesney, who has been based in the London office of Latham & Watkins since 1999, will join Shearman’s high yield group in London. Latham corporate finance partner, Bryant Edwards, said: “We continue to lead the market […]

Thomas Miller to slash advisers via e-tracking

Transport insurance service provider Thomas Miller claims to be the first UK-based company to implement a fully electronic legal spend management system in a bid to cull its roster of external firms by 80 per cent. The system has also been acquired by Barclays (as first reported on www.thelawyer. com, 19 February), which is planning […]

Dechert fights off magic circle for Kuwaiti bond

Dechert has seen off competition from the magic circle, winning a beauty parade to advise on a $2bn (£970m) Middle Eastern bond issuance. The firm, led by London-based partner Abradat Kamalpour, advised Audi Saudi Arabia, Dresdner Kleinwort, JPMorgan, UBS, Standard Chartered Bank and West LB on the bond issued by Kuwaiti company Global Investment House. […]

Hammonds’ Crossley: the only choice for top job

Hammonds managing partner Peter Crossley is standing unopposed in the firm’s current elections for the top job. Hammonds managing partner Peter Crossley is standing unopposed in the firm’s current elections for the top job. However, Crossley cannot be crowned king automatically, as according to Hammonds’ constitution he must receive more than 50 per cent of […]

People Moves

Freshfields Bruckhaus Deringer has promoted Richard Parsons and Andrew Heathcote to counsel in its structured and asset finance practice. Move of the week • Freshfields Bruckhaus Deringer has promoted Richard Parsons and Andrew Heathcote to counsel in its structured and asset finance practice. • Berwin Leighton Paisner has hired Jonathan Levy as a partner and […]

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