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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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Flotations

SJ Berwin advised vending organisation Provend Group on its £22m flotation on the London Stock Exchange. Osborne Clarke advised Henderson Crosthwaite

Boundaries blur at the Bar

The crossover of counsel from the commercial Bar into the rarefied atmosphere of the Chancery Division has been a trend for a few years. More recently, however, solicitors are observing that chancery barristers are also dipping into the more robust realms of the commercial courts and the Queen’s Bench Division. As one leading practitioner comments: […]

Eversheds is appointed to be in-house Barclaycard lawyer

Eversheds has been appointed as the in-house lawyer for Barclaycard under an arrangement which will see a solicitor based permanently at the headquarters of the credit card company. Eversheds’ Leeds head of litigation, Howard Bryan, said the solicitor would work alongside the large in-house legal team at Barclaycard. He said the move would protect Barclaycard […]

New Devereux head calls for better professional standards

Jeffrey Burke QC, the recently elected head of Devereux Chambers, has called for a continuation of the Bar’s move towards higher professional standards and competence. Burke, who is replacing Peter Weitzman QC at the head of the set, says continuing to build on a service mentality will be a key policy for the chambers. “For […]

Irish government attacks A&L Goodbody on fees

A top ranking Irish law firm is refusing to reveal its hourly rates in a clash with the Government over the £3.19m it was awarded in legal fees following a tribunal lasting more than 200 days. A&L Goodbody was awarded the costs by the Taxing Master of the High Court for representing meat processing company […]

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