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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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Merger creates top 10 Midlands firm

Two West Midlands firms, Challinors and Lyon Clark, have merged to become one of the region’s 10 largest legal firms. Challinors Lyon Clark will be based in Edgbaston and have 20 partners – 13 of whom have come from Challinors. It is understood that West Bromwich-based Lyon Clark approached Challinors, the larger firm, earlier in […]

Client chequebook scheme for firms

The Royal Bank of Scotland has launched a banking service which it hopes will transform the way lawyers deal with private client finance. In an attempt to steal a march on the competition, the bank is targeting top law firms with a computerised system, Roybank, that allows lawyers to create and manage bank accounts for […]

Linklaters' derivatives expert goes to City rival

City-based firm Clifford Chance has poached derivatives lawyer Claude Brown from Linklaters & Paines. Brown, who will focus on developing new derivatives products, largely over-the-counter (OTC) derivatives in emerging markets, said of his move: “In today’s global derivatives market, it is the genuinely global law firm which is best placed to meet clients’ needs. “I […]

'Two strikes' proposal could undermine Scots legal system

The integrity of the Scottish legal system could be compromised if Government proposals on crime and punishment are implemented north of the border, Scotland’s most senior judge has warned. In his last address before becoming an appeal judge in the House of Lords, the Lord President and Lord Justice General of Scotland, Lord Hope of […]

LEI market sees a new dawn

The legal expenses insurance market is bouncing back after years of uncertainty, disappointment and crippling losses for providers. Insurers got their fingers burnt in the early 1990s when they first offered comprehensive legal expenses insurance. The upshot was a flood of expensive court actions by people the insurers branded as litigious by nature. Many smaller […]

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