Stephensons takes first steps into Turkey with mall sell-off

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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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The work-life quiz Tim Gee

Name: Tim GeeFirm: Baker & McKenzieTitle: Global head of M&A Lives: Chelsea Education: Bedford School; Worcester College, Oxford Work history: 1984-86: Articled clerk, Baker & McKenzie, London 1986-88: Associate, London 1989-90: Associate, Hong Kong 1991-92: Associate, Budapest 1992-2000: Partner, London 2000-present: Global head of M&A What was your first-ever job? This is it. What was […]

Fraud case started in 1989 finally gets nod for hearing

A multimillion-pound fraud litigation that is an off-shoot of a feud started almost two decades ago finally received the go-ahead after a defence mounted by Bar Council chair Geoffrey Vos QC was rejected. At a preliminary trial of The Estate of Anders Jahre v Compass Ltd & Ors last May, which concerns the misappropriation of […]

Merrill Lynch GC scores $8.2m share bonus

Merrill Lynch executive vice president and general counsel Rosemary Berkery has scored a stock bonus worth some $8.2m (£4.16m) for 2006. The bonus is not a cash payment and is awarded through stock options, according to a Securities and Exchange Commission filing made in the US last week. Berkery was awarded 85,573 restricted Merrill Lynch […]

Camerons overhauls management team

In a tumultuous few days for CMS Cameron McKenna, the mid-tier firm overhauled both its partnership structure and management committee. Three new practice heads will take over the reins of the UK-based corporate, banking and insurance groups. By both revenue and partner headcount, corporate is the firm’s most significant group in the UK, while banking […]

Osborne Clarke reappoints Beswick at helm

Bristol-based Osborne Clarke has appointed Simon Beswick as managing partner for another four-year term following an uncontested election. Beswick was first elected to the post in 2002, having previously held the position of international head of private equity. He replaced managing partner Leslie Perrin, who became the firm’s first full-time senior partner. Beswick’s reappointment follows […]

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