2 Harcourt Buildings snares four barrister team

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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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The idealistic solution

Sharia-compliant finance vehicles are no fad and law firms would do well do acquaint themselves with the relevant Islamic laws, says Rahail Ali The driver for the huge growth in Islamic finance is due to demand – a demand resting on the desire to obtain financing compliant with religious beliefs. For some, that is too […]

Hunton doubles turnover in London

The London office of Hunton & Williams has doubled its turnover in a year, breaking the $10m (£5.3m) barrier and outstripping the firmwide performance of 9 per cent growth. Firm chairman Thurston Moore described London’s performance as “extraordinary growth” as it posted $10.35m (£5.5m) for the 2005-06 year. London’s fee income for 2004-05 was $5.35m […]

Supermarkets braced for £25m investigation fees

The UK’s big-four supermarkets are expecting astronomical legal fees in the wake of the Competition Commission’s investigation into the grocery sector. Asda, J Sainsbury, Tesco and Wm Morrison are expecting a combined legal bill in excess of £25m after the Office of Fair Trading (OFT) referred the grocery sector investigation to the Competition Commission this […]

UK Roundup: Management

End to Eversheds’ lockstep could herald growth End to Eversheds‘ lockstep could herald growth At The Lawyer, firms’ international strategies often vie with their equity structures for page space. Both are perennial issues for the UK’s largest firms and, with the end of the financial year in April, the latter was recently a particularly high […]

US firms outshine UK rivals

Despite the troubled state of the US dollar, our friends across the pond still managed to outshine their UK competitors when the finalised financial results for the top 100 US firms were published last month. Overall, the combined gross revenue for the top 100 US firms reached $50.7bn (£28.97bn) in 2005, up 10 per cent […]

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