Chicken e la Chancery Lane fells two officials

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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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Hoon offers hope on conditional fees

GEOFF Hoon, Parliamentary Secretary at the Lord Chancellor_s Department (LCD), has indicated that the Government may give some ground on a key element of its reform package , the straight substitution of conditional fees for legal aid for most civil claims. In his first public response to criticism of the reforms, Hoon writes in The […]

Wilde Sapte suffers triple loss

Another three partners have resigned from Wilde Sapte following its loss of two partners to US firm Cadwalader Wickersham & Taft. UK/Indian dual-qualified salaried banking partner Pratap Amin, who was with Wilde Sapte for over two years, is going back to India next March. It is understood he resisted the firms offers of equity partnership […]

Property

Macfarlanes advised Legal & General on the establishment of a limited partnership with Scottish Widows, advised by Freshfields, and Norwich Union, advised in-house. The partnership has been formed to invest in industrial property and Legal & General Investment Management has been appointed fund manager.

Jones Day Reavis & Pogue strengthens London team

The London office of US firm Jones Day Reavis & Pogue doubled the number of its lawyers in the first seven months of this year, creating a new UK law facility. In July, it poached Denton Hall litigation partner Robert Thompson and it has taken four UK assistants from City firms, including Linklaters & Paines […]

In brief: Scottish Law Society meets Liddell

A Law Society of Scotland delegation met Helen Liddell, economic secretary to the Treasury, last week in a bid to retain the regulation of those of its members who provide financial advice. As The Lawyer revealed in May, Liddell is seriously considering allowing the planned all-embracing financial regulator Newro to take over regulation of solicitors […]

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