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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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Vicky Brackett

Thomas Eggar revamps management as first female head takes the helm

Thomas Eggar partners have elected litigation head Victoria Brackett as the firm’s first-ever female managing partner while also revamping its overall management function. Brackett, who will take over on 1 May, succeeds Tony Edwards, who has been managing partner for eight years and who will remain at the firm in a senior capacity. Brackett said: […]

Eddie Ryan
5

Co-op Legal Services first to launch as an ABS

Co-operative Legal Services (CLS), Oxford-based John Welch and Stammers and Kent-based Lawbridge Solicitors have become the first alternative business structures (ABS) to be approved by the Solicitors Regulation Authority (SRA). CLS has long been vocal about its ambitions to convert to an ABS. The retail giant established CLS in 2006 with a view to converting […]

OFT unveils decision-making changes ahead of CMA move

The OFT has announced a string of proposals that it hopes will make its decision-making more robust. As the watchdog moves towards a merger with the Competition Commission to form the Competition and Markets Authority (CMA), it said the latest evolution of its guidance is a “stepping stone” towards the new regime. In a bid […]

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Slaughter and May looks East in two-strong promotions round

Slaughter and May has announced a drop in its partner promotions for this year, with two associates joining the ranks. Only one London associate has been made up compared with five last year, with an additional lawyer earning promotion in Hong Kong this year. None of the new promotions are in corporate, the firm’s traditional […]

21

Dundas & Wilson concludes redundancy talks with up to 30 jobs axed

Almost 30 jobs are being cut at Scotland-headquartered firm Dundas & Wilson following a consultation process. In February the firm confirmed that due to the “nature and level of demand for its services” it would be considering redundancies (24 February 2012). While the firms mooted cutting staff and partner positions, chairman David Hardie confirmed the […]

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