White & Case poaches Haarmann team for Munich launch

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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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Hammonds-Rossotto reconciliation stalls

Hammonds’ negotiations with its dissenting Italian partners have stalled after both sides failed to agree on the terms of a transition agreement to retain its profitable Hammonds Rossotto branch. As first reported in The Lawyer, Rossotto is demanding that Hammonds reaches profit per point levels of £12,000 to ensure that the Italian partners will stay […]

Bird & Bird recruits rising star of RB film group

Bird & Bird has recruited Richards Butler rated film finance associate David Quli and promoted him to partner. He joined Bird & Bird to work in their UK-based film and TV finance/production team. Quli said: “I left because of the opportunities I saw at Bird & Bird within the UK and European markets.” His work […]

ABN moves to defuse skills crisis

Dutch investment banking giant ABN Amro has responded to the drought in the market for derivatives lawyers by rolling out a unique training programme for its in-house finance lawyers. The bank, which has bolstered its in-house legal team in the past 12 months, has called on Clifford Chance to implement the training in its Hong […]

Property

The combination of Crossrail, the Olympics and Wood Wharf means there is no shortage of dynamic property matters (and mandates) in the making. But while 2005 has seen exponential levels of activity across the commercial property market, this has contrasted with a decided lack of controversial technical issues – unusually for property lawyers. The obvious […]

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