Weil Gotshal securitisation partner quits the law

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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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Eversheds plans regional rejig

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PwC Brussels partner departs to B&M

The tax arm of accounting giant PricewaterhouseCoopers has suffered a blow with the exit of Brussels partner Philippe Lion to Baker & McKenzie. It is understood that the regulatory climate post Sarbanes-Oxley was a factor in Lion’s decision to leave the accounting firm. Commenting on his departure, the former PwC tax director said: “Auditors’ independence […]

Ashursts concentrates power in fewer hands

Ashurst Morris Crisp has reviewed its management structure to create a streamlined and more democratic partnership board. Ashursts has a rather cumbersome 12-person partnership board. Senior partner Geoffrey Green said the firm “wants [it] to get significantly smaller”.It is made up partly of directly elected partners and partly of partners who represent constituent areas of Ashursts. Green said […]

Dentons managing partner steps down

Denton Wilde Sapte France managing partner Jacques Salés is to return to full-time fee-earning after 27 years in a management role. Tax and structured finance head Dominique Derveaux will replace Salés today (17 November). Salés will remain at the top of lockstep until 65, the retirement age, but hopes to continue at the firm past […]

Survey shows property market ‘bottoming out’

Business demand for commercial property has stabilised after nine quarters of decline, according to a survey by the RICS (Royal Institute of Chartered Surveyors). Only 2 per cent more chartered surveyors reported a fall in new sales and lettings than those reporting a rise, which compares to an average of 12 per cent over the […]

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