Clients get a moral lesson from Warners

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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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Sonnenschein opens Geneva office

The Chicago-based firm has poached Cherise Valles from the Canadian Government to head up the new Swiss outpost which will focus on world trade and e-commerce issues. As part of the Canadian Department of Foreign Affairs and International Trade, Valles regularly advised on the rights and obligations arising under the World Trade Organisation and the […]

Papering over the cracks

City solicitors are surprised by the Law Society president’s proposal to represent a unified legal profession. Claire Smith finds the City shouting ‘if you can’t handle what you’ve got, don’t take on more’ “Let us think the unthinkable,” said Law Society president Robert Sayer last week. “One unified legal profession, no more solicitors or barristers […]

Brown & Wood snaps up Simmons capital partner

Simmons & Simmons has lost another top partner, this time to US firm Brown & Wood. Leading capital markets lawyer John Russell, who co-founded Simmons’ securities practice, joins the London office of Brown & Wood today (Monday). Russell is the eighth partner to leave Simmons this year and the third in two months. In October, […]

Flotation

Ashurst Morris Crisp advised Invesco on the establishment of Invesco Leveraged High Yield Fund

Woolf sees court cases fall by third

There has been a dramatic drop in the number of cases coming to the Commercial Court in the first six months following the Woolf reforms, according to Mr Justice Rix, the judge in charge. Since the new rules were introduced in April there has been a 31 per cent fall in the applications to modify […]

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