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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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Allen & Overy opens in Munich with Shearman hires

Allen & Overy (A&O) is to open in Munich after the hire of Shearman & Sterling‘s global co-head of tax and one of the US firm’s rising M&A stars. Munich-based Gottfried Breuninger is one of Shearman’s most senior, and joins A&O with local M&A partner Astrid Krüger. The departures will be a heavy blow for […]

MacRoberts

UK 200 Position: 106= Turnov… Position: 112Firm: MacRoberts Turnover: £18.0mRevenue per fee-earner: £121KRevenue per lawyer: £247KRevenue per partner: £439KTotal number of fee-earners: 149Total number of qualified partners: 73Total number of partners: 41Total number of female partners: 0Total number of staff: 0

Harbottle & Lewis

UK 200 Position: 113 … Position: 114Firm: Harbottle & Lewis Turnover: £17.6mRevenue per fee-earner: £207KRevenue per lawyer: £255KRevenue per partner: £733KTotal number of fee-earners: 85Total number of qualified partners: 69Total number of partners: 24Total number of female partners: 7Total number of staff: 170

Lehman’s UK lawyers ‘may not be paid’

The 70 in-house lawyers at Lehman Brothers in the UK face a nervous wait today to find out whether or not they will be paid this month. The bank operated a zero-cash policy in the UK, transferring the money to the US operation at the end of every day. As a result Lehman has no […]

Schillings

UK 200 Position: 193= Turnov… Position: 200Firm: Schillings Turnover: £6.3mRevenue per fee-earner: £350KRevenue per lawyer: £450KRevenue per partner: £1,050KTotal number of fee-earners: 18Total number of qualified partners: 14Total number of partners: 6Total number of female partners: 0Total number of staff: 30

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