Simmons banks on lateral thinking

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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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Skadden’s City office welcomes three new counsel

US firm Skadden Arps Slate Meagher & Flom’s London office has scored a bumper crop of new counsel in the latest round of promotions, which saw 43 promoted to the role worldwide. The London office netted three new counsel, compared with just one last year. The new counsel are in addition to the two new […]

A clear carbon strategy will help firms gain sustainability

On 1 May Business in the Community hosted a countrywide summit on climate change. The summit, led by HRH the Prince of Wales, brought together more than 1,000 senior CEOs and business leaders to discuss climate change and the business response to this global issue. The summit was also evidence of the growing trend towards […]

Pensions: Rock and a hard place

Pension fund trustees often have to negotiate with employers, throwing up a host of conflict issues. By John Papadakis and Rosalind Connor One of the major effects of the Pensions Act 2004 has been to increase the number of situations in which trustees are obliged or able to negotiate with the scheme employer. As trustee […]

Ashurst bonds Euro, London real estate posts

Ashurst has combined its head of European real estate and London real estate managing partner posts into a single role. London partner Adrian Dear has taken on the combined role, replacing Simon Cookson as head of European real estate and Martin Wright as London real estate managing partner. Both of the former management lawyers have […]

Slaughters’ Tim Clark speaks out

Slaughter and May senior partner Tim Clark has gone on the record about the firm’s plans to compete in the international market by extending its group of best friend law firms into Asia. Clark makes the disclosure in the May edition of The Lawyer Podcast. The comments follow The Lawyer’s exclusive revelation (2 April) that […]

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