BCCI ruling sets back stigma claims

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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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Eversheds poaches IP expert from Cobbetts

Eversheds’ Birmingham office has created a new department head after poaching intellectual property expert Philip Atkinson from Manchester firm Cobbetts. Atkinson joins Eversheds’ Birmingham office as head of IP this week in a role created especially for him. He spent the last year as a partner in Cobbetts’ IP and media department. Prior to joining […]

Herbert Smith scoops Treasury work

Herbert Smith has been appointed by the Treasury to advise on the establishment of Partnerships UK – the Government’s so-called PFI bank – which will fund and develop public finance initiative (PFI) projects. Herbert Smith was selected from a shortlist of four firms, which finance and banking partner Nicholas Tott says included “the usual suspects”. […]

Communication break down

Tom O’Sullivan unravels one of the most complex transactions in UK corporate history, the breaking up and selling off of Cable & Wireless Communications to US cable group NTLThe Timescale 22 February Graham Wallace appointed as Cable & Wireless chief executive. Wallace opens internal talks about selling off some of the group’s interests including the […]

DAC's Rochez quits for US firm LeBoeufs

TROUBLED firm Davies Arnold Cooper (DAC) is losing its former managing partner Nick Rochez to US giant LeBoeuf Lamb Greene & MacRae. Rochez, managing partner between 1987 and 1992, is a key player in the litigation department, one of three major areas DAC is focusing on after the dramatic restructuring exercise in February when 90 […]

Taking shares as fees could pay dividends

In the week in which Dixons’ Freeserve became the first big new media flotation in the UK, having a stake in an IT company appeared to offer the promise of huge profits to come. Whether those who are surfing the stockmarket as well as the web will see those profits in the short term, of […]

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