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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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It's been a bad week for…

Homeless. Australian Kevin Cook, who lives on a beach and stole a pink towel from someone’s back yard to use as a blanket. Owing to mandatory sentencing laws, Cook received a 12-month jail sentence. The accident-prone NHS, whose u2.8bn bill for clinical negligence claims is peanuts compared to what could be claimed, according to Action […]

New competition rules clear the way

Michael Grenfell, partner, Norton Rose Simon Holmes, partner, SJ Berwin & Co John Boyce, partner, Slaughter and May In an attempt to clear a severe backlog of competition work building up outside the European Commission’s (EC) doors, a white paper was recently released proposing changes to how the EC handles restrictive trade cases under Article […]

Insolvency set for boost as bankruptcies grow

Insolvency lawyers can expect their workload to surge over the coming year as bankruptcies and winding-up petitions continue to grow. According to the Lord Chancellor’s Department, figures for the first quarter of 1999 show a 5 per cent increase in winding-up petitions compared to the same quarter last year. The statistics also reveal that petitions […]

Conditional fees are wide-ranging

I would like to take issue with the comments expressed by Edward Garnier (The Lawyer, 19 April). Mr Garnier’s knowledge of the conditional fee insurance market seems to be restricted to one company. Had he asked us, or one of our many competitors, he would have discovered that a wide range of policies is available […]

UK firms ride out Asian recession

If recent press reports are to be believed, the economic disaster that hit Asia in 1997 has been replaced by fresh confidence and the market is set to take off once more. Journalists may be predicting a new Asian boom, but lawyers on the ground – many of whom have seen their firms ride out […]

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