Sports boutique scraps hourly rates

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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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Charles Russell boosts private client with promotions

Charles Russell has strengthened its private client practice with a new partner and made two promotions in real estate and corporate and commercial. While many firms have moved away from private client as a practice area, choosing to emphasise other areas such as banking and corporate, Charles Russell has adopted a different stance. Andrew Cameron […]

Bakers moscow and london act on KBC buy

Baker & McKenzie acted for KBC Group on its acquisition of 92.5 per cent of Absolut Bank. The deal, which is subject to regulatory approval, values the bank at $1bn (£500m). The firm has a long history of working in the CIS since the launch of its Moscow office in 1989. The KBC deal played […]

Nestlé panel faces rejig after four-year reprieve

Nestlé has launched a massive review of its European legal panel with a repeat of its ‘Running Shoes’ strategy, which cut 25 per cent of its legal spend last time round. The contracts are worth up to SWf5m (£2.07m) a year for the panel firms, which are Freshfields Bruckhaus Deringer, Mayer Brown Rowe & Maw […]

Orrick benefits from latest Freshfields exit

The departures at Freshfields Bruckhaus Deringer mounted as an Italian project finance partner headed for the door. Franco Campomori is leaving for US firm Orrick Herrington & Sutcliffe, where he will become a partner in the banking and finance group. Campomori is the second Milan-based partner to leave Freshfields for a US firm this week, […]

Bircham bags team and chief from Kennedys

Bircham Dyson Bell has raided Kennedys to hire two employment partners, including the insurance-led firm’s head of department. Head of employment Marc Meryon will join Bircham tomorrow (1 May) along with partner Brian Gegg, bolstering the firm’s employment capability to three partners. Head of employment at Bircham Jesper Christensen said: “The firm has in recent […]

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