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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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DLA ramps up in Brazil as two partners gain local licences

DLA Piper is stepping up its operations in Brazil, shortly after entering into a cooperation agreement with local firm Campos Mello Advogados (CMA). Chicago-based partner and chair of the firm’s Latin America practice Stuart Berkson and New York-based partner and global co-chair of the energy practice Robert Gruendel have both been licensed as foreign consultants […]

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SNR Denton: The Movie

First there was the humble wedding video. Next came the somewhat less innocent age of the celebrity sex tape. Now, with transatlantic tie-ups the sujet du jour for the ambitious law firm, high command at the newly monikered SNR Denton give us ’Merger: The Movie’. The mind-bogglingly irony-free video nasty features soon to be co-CEOs […]

Former Gide and CC lawyers set up Paris independent

Former lawyers from Gide Loyrette Nouel and Clifford Chance have banded together to launch a boutique finance practice in Paris. Jeremie Duhamel and Jeremy Blimbaum have launched banking and finance firm Duhamel Blimbaum along with two associates. Before launching the firm Duhamel was a senior associate at Gide and Blimbaum was a senior associate at […]

UK banks fend off mooted pre-election facelift

Coming into the election, there were clear dividing lines between the parties on bank regulation – Labour thought that the existing mechanism worked well and wanted to keep it; the Conservatives wanted to remake the regulatory system; and the Liberal Democrats wanted to remake the banking system. The triumph of the Conservatives and Liberal Democrats […]

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Old Square defeats Littleton in BA strike appeal

British Airways (BA) has suffered a major blow in the Court of Appeal after it ruled  that planned strikes by cabin staff who are members of the Unite union are legal. The union instructed Old Square Chambers silk John Hendy QC to go to the Court of Appeal after the High Court on Monday issued […]

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