Ashurst predicts 28.5 per cent turnover rise

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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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Financial Services and Pensions

Financial services, or more particularly the Financial Services Authority (FSA), hit the headlines last week after a National Audit Office (NAO) report declared in no uncertain terms that the financial watchdog needs to be better coordinated if the UK is to retain its position as a premier international financial services market. The report, which was […]

Proskauer swoops for Spitzer’s deputy

Proskauer Rose has strengthened its fraud practice with the high-profile hire of former New York attorney general Eliot Spitzer’s deputy. Dietrich Snell, who until last year was Spitzer’s deputy attorney general, joins Proskauer at the end of this month as a partner in the firm’s corporate defence and investigations group. Snell’s impressive CV includes a […]

Firms unwilling to say ‘howdy’ to Saudi

With some of the largest oil reserves in the world, a huge drive for diversification and a population dwarfing that of the United Arab Emirates, Saudi Arabia is the place to be for firms seeking big bucks in the Middle East. The problem is, their lawyers just don’t feel the same. Allen & Overy, Clifford […]

Another Freshfields partner departs

Freshfields Bruckhaus Deringer has lost a litigation partner in Frankfurt after Gunhild Schäfer was appointed a lawyer at the highest German civil law court. The German secretary of justice, the Bundesjustizministerium, has admitted Schäfer to the small group of lawyers allowed to represent clients at the top level, called the Bundesgerichtshof. The group currently numbers […]

CCing is heaving

Tulkinghorn hears that partners at Clifford Chance are getting up close and personal lately. At a recent meeting one senior banking partner quipped to a senior capital markets partner: “It’s good to see you with your clothes on.” His slightly stunned colleague was quick to confirm that the pair had in fact merely seen in […]

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