SPG switches to Prime Professions for insurance broker duties

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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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CMS scoops leading role on Enterprise’s sale of 769 pubs

Addleshaw Goddard and CMS Cameron McKenna have both scooped roles advising on Admiral Taverns’ purchase of 769 pubs from Enterprise Inns for £318m. Addleshaws advised Admiral Taverns on the deal, with property partner Andrew Shufflebotham leading the team. Camerons put a three partner team on the transaction, advising Enterprise Inns. Corporate partner Sean Watson headed […]

Kraft creates top patent roles to grow IP capability

US food company Kraft Foods is looking to beef up its internal IP legal capacity, creating two new top roles for patent lawyers. Kraft is searching for a senior patent counsel in Europe, as well as a patent lawyer to take charge of patents in the US. Jackie Leimer, vice-president and associate general counsel, is […]

Merrill Lynch makes use of Ashurst’s CDO nous

Ashurst has advised Merrill Lynch on a collateralised debt obligation (CDO) involving small and medium-sized enterprises (SMEs) issuing bonds as security for notes. The PULS CDO 2006-1 PLC was issued in five tranches of fixed and floating-rate notes and had a total value of £260m. It was the first deal for portfolio manager Capital Securities […]

Provalis in-house lawyer axed following liquidation

Provalis’s sole in-house lawyer has been made redundant following the struggling company’s decision to put itself into liquidation. Legal director Lee Greenbury will be leaving the pharmaceutical and medical diagnostics business at the end of the September after eight years. Greenbury joined Provalis in July 1998 following a spell at high street chemist Boots. He will stay […]

Property

The property market is still booming and real estate practices across the City are revelling in the conditions. Record deals and through-the-roof rents continue to keep the market rocketing along, and even a rise in interest rates shows little sign of slowing down the market. One area of increasing importance in the sector is the […]

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