White & Case overhauls remuneration system

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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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McCann FitzGerald London welcomes second partner

Top Dublin firm McCann FitzGerald has bolstered its London office by sending a second partner to the UK. Finance partner Hugh Beattie joins aircraft finance partner Barbara Judge, who already works out of London, as the long-awaited replacement for banking lawyer John Cronin, who returned to Dublin over two years ago. Beattie specialises in structured […]

DWS to fight on after raid by Chadbourne

Denton Wilde Sapte (DWS) will rebuild its London contentious insurance and reinsurance practice after losing its five-partner group to Chadbourne & Parke. As first revealed on www. thelawyer.com on 24 Jan-uary, senior equity partners Chris Cardona, Adrian Mecz and Michelle George are joining Chadbourne alongside salaried partners Mark Pring and John Barlow. DWS is discussing resurrecting the […]

Kirkland raids Gibson Dunn for restructuring star

Kirkland & Ellis has raided Gibson Dunn & Crutcher to secure the firm’s high profile restructuring head, Rick Cieri. Cieri is best known for his work for debtors and secured creditors and was debtors’ counsel in a host of Chapter 11 cases and restructurings including those of Solutia, Napster and Trans World Airlines. He joins […]

Deutsche shakes up UK panel

Deutsche Bank is to launch a review of its UK law firm panel for leveraged finance deals in a bid to slash its annual legal spend.It is understood that Deutsche will use the review to persuade external lawyers to write off legal fees more readily when a deal collapses. In the UK, Deutsche uses Allen […]

EU’s directive on unfair commercial practices lobbied for change

An alliance of three global business organisations has called for widespread changes to the EU’s proposed directive on unfair commercial practices, saying the current draft “undermines legal certainty and confidence in cross-border trade”. The International Chamber of Commerce (ICC), Eurocommerce and EU organisation Unice have called on the European Parliament to substantially amend the directive . […]

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