BLG launches financial services regulatory team

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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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Disappointing year for Lawrence Graham

Mid-sized City firm Lawrence Graham has recorded a 3.5 per cent drop in profits per equity partner (PEP) despite turnover breaking £60m for the first time. The firm’s PEP has dropped to £401,000 for 2004/05, down from £415,000 during the 2003/04 financial year when the firm posted record average PEP. Top of equity has similarly […]

Turnover at Ricksons jumps by 16 per cent

Ricksons Solicitors boosted turnover by 16 per cent, from last year’s £9.1m to £10.6m. The firm predicts that profit per equity partner will range from £110,000-£200,000. Last year Ricksons made five lateral partner hires and made up two associates. First revealed on www.thelawyer.com 6 June

CorporateTrowers scoops Coal International as client with £20m AIM offering

Trowers & Hamlins has landed its first instruction from Coal International after advising the company on its £20m AIM debut. The City firm won the mandate to list Coal International because the company’s directors also sit on the board of Trowers client Cambrian Mining. Trowers acted for the latter company on its AIM listing in […]

Manchester Buccaneers

Did Allen & Overy (A&O) have any idea what it was letting itself in for when it decided to act for Malcolm Glazer on his bid for Man Utd? The email attacks and campaign by protesters the firm suffered have been well documented. What’s less well known is the fact that the poor City giant […]

UK law firm partnerships ready for non-lawyers post-Clementi

Survey reveals two-thirds of partnerships will welcome non-lawyer participation, but outside investment gets short shrift Partnerships in the UK’s biggest law firms are likely to be swelled with non-lawyers when legislation is passed implementing Sir David Clementi’s recent recommendations on the regulation of the legal profession. Nearly two-thirds (65 per cent) of managing partners plan […]

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