A&O, Cadwalader in conflict storm over collapse of TXU

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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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Equitable action struck out

Stricken insurer to pursue alternative claim againt former auditor, Ernst & Young The High Court ruled today (Monday, 10 February), that Equitable Life’s action against its former auditor Ernst & Young should be struck out. Stricken insurer Equitable was brought to its knees by guaranteed annuity rate (GAR) pensions it could not pay and sued […]

Paradise is half as nice

Tulkinghorn hears that Nabarro Nathanson lawyers are up in arms… over the quality of the firm’s snacks. Managing partner Nicole Paradise seems to have inadvertently imposed her health kick on the entire firm. The story goes that Paradise had a quiet word with kitchen staff to ask for a few more healthy options from the […]

Carnelutti reshuffle aims to mimic the Anglo-Saxons

Italian firm Carnelutti has bolted on a litigation practice in Rome and is continuing to overhaul its management in an effort to create a more Anglo-Saxon-structured firm Corporate and commercial litigator Massimo Mellaro has joined the partnership along with three associates from his own practice. But the firm has also lost its real estate head […]

The price is right

Are legal aid firms being made scapegoats by the National Audit Office? Jon Robins reports on how access to justice is being compromised for easy headlines Worse was to come in the form of an aggressive hearing of the influential House of Commons Public Accounts Committee (PAC) to consider the work of the National Audit […]

Addleshaws takes on Johnson & Johnson in landmark patent case

Addleshaw Booth & Co has launched a landmark action against a UK subsidiary of healthcare product manufacturer Johnson & Johnson The action is on behalf of one of its own lawyers, a scientist turned solicitor, for compensation for a medical invention he developed while working for the company. Stuart Jackson is a former scientist who […]

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