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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 […]

Recommended

Fried Frank takes on Covingtons chair to head antitrust practice

New York firm Fried Frank Harris Shriver & Jacobson is taking on the chair of Covington & Burling‘s antitrust practice for its Washington DC office. Charles Rule will head Fried Frank’s antitrust practice and develop it to capitalise on the firm’s already strong corporate, securities and white collar crime groups. Rule has been a partner […]

A year ago this week

Axa suspends Berrymans and Kennedys from litigation work The Lawyer revealed that Axa Insurance had suspended Berrymans Lace Mawer and Kennedys from handling litigation claims for the company after failing an audit. In a letter dated 10 January 2000, Axa’s external legal advisers were informed that as part of Axa’s legal review, Berrymans’ London office […]

Freshfields moves aside as BNFL creates panel

Freshfields Bruckhaus Der-inger has lost its position as sole legal adviser to British Nuclear Fuels (BNFL) following the company’s decision to appoint its first ever panel. Freshfields has been BNFL’s main law firm since 1971, but Hammond Suddards Edge, Eversheds and DLA are now advising the company on a number of areas housed under corporate […]

REPORTAGE

The rules of public international law have long placed restrictions on the measures that a state can take against the property or person of foreign nationals. One area in which the international rules are well developed is in relation to the protection of foreign investments. International agreements between states establish protections by “internationalising” the applicable […]

Ever the twain?

“What a really super guy – does a lot of work for charity; doesn’t like to talk about it.” Harry Enfield’s DJ parodies Smashie & Nicey gave the UK charity sector a comic appeal, but with around a £24bn turnover in 2000, it is anything but a joke. There are now over 185,000 organisations on […]

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