US firms line up to crack Brazil

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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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Blackstones’ junior ranks on the up

Blackstone Chambers has bolstered its junior ranks with the addition of commercial practitioners Andreas Gledhill and Leona Powell. Gledhill, who was called to the bar in 1992, joins the set from 3-4 South Square, where he specialised in insolvency and restructuring. Commercial litigator Powell, who was called to the bar in 2000, specialises in civil […]

Dawsons settles its Simmons fees dispute

Dawsons has “amicably settled” a High Court claim for unpaid fees. Simmons & Simmons launched the £103,000 claim against Dawsons on 2 June, alleging that Dawsons had repeatedly ignored attempts made by Simmons to get it to pay its legal fees. According to the High Court claim, Dawsons partner Ute Mueller instructed Paris-based Simmons partner […]

LGBT lawyers find in-house approval

The in-house legal profession is leaps and bounds ahead of private practice in terms of diversity, new research has found. According to research from legal recruiter Laurence Simons, which canvassed over 1,900 in-house lawyers, 35 per cent of those surveyed are from an ethnic minority background, while 7 per cent described themselves as gay, lesbian, bisexual or transgender […]

Mishcon experiences another tough year for PEP

Mishcon de Reya has posted another sharp decline in average profit per equity partner (PEP), with the firm’s PEP now having dropped 39 per cent in two years. Mishcon’s PEP was £450,000 in 2009-10, down from £575,000 the year before. In 2007-08 the firm’s PEP had been £740,000. Managing partner Kevin Gold said the firm’s […]

Norton Rose boosts Bahrain practice with Islamic finance hire

A former Norton Rose partner has returned to the firm’s Bahrain office after a stint at Al Salam Bank. Islamic finance specialist Mohammed Paracha is to join as a partner and deputy global head of Islamic finance. Having spent five years at Norton Rose in the London and Bahrain banking teams, Paracha left for Al […]

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