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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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High Court
4

Weil Gotshal heads to court over £10m professional negligence claim

Weil Gotshal & Manges is facing a €12m (£10m) professional negligence claim brought by private equity house Bancroft over its acquisition of a Slovakian ice cream company. The private equity firm claims that Weil’s lawyers and a Slovakian lawyer, Jozef Maly, failed to explain to Bancroft that it would not have voting control of the […]

Louise Field

The Lawyer Management – Bird & Bird

Louise Field has been head of client service and insight at Bird & Bird since 2009. She has previously worked for Ernst & Young and RBS. What would you say to graduates considering a career in client services? Client service is still a relatively new area in the legal sector, many smaller firms are only […]

Slater & Gordon’s UK feast

Slater & Gordon is nothing but acquisitive. Since it took over Russell Jones & Walker in January 2012 it has marched through the UK PI and consumer services market. Catch up with some of its takeover targets below. Slater & Gordon circles Pannone as consumer legal services market consolidates S&G agrees £33m takeover of Pannone […]

Singapore
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E&Y hires former HSF partner as it mulls Singapore legal services launch

Former Herbert Smith Freehills’ Singapore partner John Dick has joined Ernst & Young Singapore as a partner as the “big four” accounting firm mulls legal services launch. Dick has joined Ernst & Young Singapore as a partner, focusing on energy and resources, M&A and foreign investment in the South East Asia region. He has been […]

UK Finance Act 2013: changes to tax losses

Allen & Overy tax partner Lydia Challen has written an article for British Tax Review as part of its analysis of the Finance Act 2013 provisions. Challen’s article is on the loss provisions including: the measure to correct the UK’s breach of EU law established by the Philips Electronics case; the provision that stopped planning relating […]

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