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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

Allen & Overy advises on landmark merger

Corporate partner, Michael Liu leads a team of eight lawyers from A&O’s Hong Kong office on the deal which sees the exchanges and clearing house consolidated into a single market operator. The new holding company, Hong Kong Exchanges and Clearing Limited will be a profit making entity and will be listed on the Stock Exchange […]

Baker & McKenzie partner joins Goldman Sachs

David Green, who joins the investment bank in January, is the second partner Baker & McKenzie has lost to a client this year . The firm’s London office lost partner Graham Allan to client Cisco earlier this year. Green, who has been at Baker & McKenzie for 12 years, says it will be a “huge […]

Opinion

When Parliament enacted the Latent Damage Act (Section 14A Limitation Act 1980) it struck a fine balance between the unfairness of depriving claimants of their right of action before they know they have a claim, and the unfairness of making defendants face stale claims after documents have been destroyed and witnesses’ memories have faded. No […]

Oppenhoff & Rädler NY head quits for Kirkland & Ellis’ London office

Oppenhoff & Rädler’s New York head Thomas Verhoeven is quitting for US firm Kirkland & Ellis. Verhoeven is leaving the US to join Kirkland & Ellis’ London practice in January. He was an equity partner at Oppenhoffs and will fill the same position at Kirkland & Ellis. He was at Oppenhoffs for 22 years. Oppenhoffs […]

Home Office

Home Office awards groundbreaking IT 2000 PFI contract to the Sirius consortium, worth £350m during a 10-year period. The Home Office advised by CMS Cameron McKenna (Anthony Loring). The Sirius consortium comprised ICL, advised by Linklaters (Anne Vallely), PriceWaterhouse-Coopers, advised by Barlow Lyde & Gilbert (Kit Burden) and Global Crossing.

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