TSB names Post Office GC as new legal head

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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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ashurst

Beddow replaces Lloyd as Ashurst’s corporate co-head

Simon Beddow has been appointed as Ashurst’s new co-head of its corporate, commercial and competition (CCC) division replacing corporate star Stephen Lloyd who quit the firm last month. The firm has scrapped its global corporate head position, with Beddow and Sydney-based Phil Breden instead sharing the reins of the over-arching CCC division.  Lloyd was the […]

Cayman Islands: fund-specific guidance on corporate governance

In January 2013, the Cayman Islands Monetary Authority (CIMA) held a private sector consultation process regarding corporate governance for regulated entities in the Cayman Islands. In July 2013, it produced, specifically for mutual funds, a consultation paper and a draft Statement of Guidance on Corporate Governance for Mutual Funds (SoG‐MF), intended to apply to all […]

DLA Piper advises Knightsbridge Student Housing on £31m acquisitions

DLA Piper has acted for Knightsbridge Student Housing (Knightsbridge) on its acquisition of additional student accommodation comprising of 224 beds in Lincoln to supplement the existing site of 1,329 beds in the city.  This acquisition by Knightsbridge, part of the Oaktree Capital Management Group, follows on from its recent purchase of the former Bristol Magistrates’ […]

Holiday pay and overtime — implications of Freightliner decision for pension schemes

In Neal v Freightliner Ltd, the Employment Tribunal (ET) looked at the payment of overtime during a worker’s statutory holiday leave. Previously only guaranteed contractual overtime has been included in holiday pay calculations. However, the ET decided that non-guaranteed overtime (whether compulsory or voluntary) should also be included. Under the Working Time Directive (WTD), a […]

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