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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 […]

Recommended

Eversheds advises Kuala Lumpur Kepong Berhad on cash offer for EPO

Eversheds has advised Malaysia’s third-largest listed plantation company, Kuala Lumpur Kepong Berhad (KLK), on a $21.3m (£13m) cash offer for Equatorial Palm Oil (EPO), which will enable it to gain a foothold in Liberia’s palm oil sector. KLK had originally acquired a 20.1 per cent stake in London-listed EPO and a 50 per cent stake […]

London

Weil left with one City tax partner as Ropes picks up tax ace Brenda Coleman

Weil Gotshal & Manges has been left with one tax partner in London after Ropes & Gray hired its star tax partner Brenda Coleman. Coleman will take up her new role on Monday (16 December) after five years at the firm, which she joined in 2008 from Allen & Overy (A&O). She spent 11 years […]

A truly great lawyer

Legendary advocate Sir Sydney Kentridge QC has now gone part-time at the age of 90. In the early part of his career in South Africa he was on the defence team representing Nelson Mandela in the 1958 treason trial. He later represented the Biko family of the inquest of the black consciousness leader. Biko’s champion […]

Mandatory exchange trading for swaps

By Byungkwon Lim, Emilie T Hsu and Aaron J Levy Beginning early next year, market participants may be required to execute certain interest rate swaps and credit default swaps on a designated contract market (DCM) or swap execution facility (SEF), rather than entering into such swaps over the counter. This trade execution requirement does not […]

digital world internet

Clifford Chance and A&O win lead roles on Merck’s £1.6bn acquisition of AZ

Allen & Overy (A&O), Ashurst and Clifford Chance have advised on German drugs and chemicals group Merck’s £1.6bn acquisition of AZ Electronic Materials. The transaction for the chemicals company – manufacturer of the chemicals used in electronic devices including smartphones, flatscreen TVs and iPads – is among the largest bids of 2013. AZ is incorporated […]

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