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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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Former Sonnenschein managing partner joins Warner Cranston

Peter Borrowdale joins the City firm’s corporate and finance team in January. The move comes after US firm Sonnenschein closed its eight-strong London office at the beginning of this month. Ironically, Warner Cranston and Sonnenschein were in merger discussions earlier this year, but the talks fell through (The Lawyer October 4). Peter Alfandry, Warner Cranston’s […]

Finance

Deutsche Bank AG London

Clifford Chance agrees Luxembourg merger

Partners at both firms voted overwhelmingly for the union which has won approval from the Luxembourg Bar Association and will take place from 1 January 2000. The marriage to Faltz & Kremer, the country’s sixth largest firm with 20 lawyers, gives Clifford Chance a foothold in Luxembourg’s lucrative banking market. The new firm will be […]

Rakisons senior partner stung for libel damages

The libel action was brought by David Pooley against Wollenberg and City Index Ltd over allegations made by Wollenberg in 1993 when he and Pooley both worked at the index futures dealing company. Wollenberg – City Index’s Chairman at the time – told Mishcon de Reya lawyer, Simon Gallant that Pooley – City Index’s former […]

Marketing the Target

Nothing is simple, is it? Just as lawyers finally think they are getting the hang of this marketing lark, along comes someone with an even better idea on how to woo new clients. The big marketing departments – such as Freshfields Bruckhaus Deringer with its 60 staff – have become accustomed to the luxury of […]

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