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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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MENA investment into Africa: Mauritius is the bridge

Many MENA-based investors looking to expand into Africa operate from Dubai, which has positioned itself as the regional leader for trade, transport, tourism, logistics and financial services. Ideally positioned between the Asian tigers and the African lions, Dubai is very much the choice of investors seeking to do business in the African continent, with COMESA […]

Linklaters

Linklaters joins CC on Glencore Xstrata’s first post-merger bond

Linklaters has taken the lead role for Glencore Xstrata on its first post-merger bond issue, confirming the magic circle firm as the combined group’s primary adviser following the $64bn (£42bn) mining tie-up. City capital markets partner Patrick Sheil headed the team for Glencore Xstrata on the $5bn (£3.3bn) dollar-denominated offering working alongside relationship partner Charlie […]

arc de triomphe paris france

Darrois turns to Jones Day for rare lateral

French firm Darrois Villey Maillot Brochier has picked up a three-strong tax team from Jones Day in Paris, including the US firm’s European tax head Vincent Agulhon. Agulhon has joined Darrois as a partner, along with counsel Loïc Védie and associate Zoé Attali. Darrois co-managing partners Didier Théophile and Olivier Diaz said the hires would […]

Alberto Saravalle

Bonelli embraces institutional thinking

Bonelli has finally ditched its individual ethos to embrace institutional thinking There has never been any doubt about the quality of the lawyers at Italian firm Bonelli Erede Pappalardo. But while Slaughter and May’s best friend sits at the top of the qualitative rankings, the firm has lost some ground strategically in recent years in […]

Court cutting?

If the courts were privatised, as some suggested they could be, the taxpayer would save £1bn a year in staff and running costs. Projects like the £300m Rolls Building could pay for themselves with wealthy litigants such as Chelsea FC owner Roman Abramovich paying above the odds to have their cases heard by London’s top […]

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