Cobbetts dumped as DTI rejigs insolvency roster

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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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A man’s best friend

Congratulations to Peter Crisp. The BPP Law School chief executive plans to marry his partner of 20 years, Jeremy Crouch, at Camden Town Hall next month in a civil partnership ceremony. Crouch, a tax accountant, romantically informed Crisp that “there are very sound tax reasons for doing it”. But what’s this? Apparently the couple are […]

Eversheds partners split £12.5m bonus pot

Eversheds equity partners will share out £12.5m in extra profit over the next eight years thanks to new accounting rules. The firm has benefited from the recently implemented FRS5 accounting rules with the £12.5m uplift in recognised income – around 4 per cent of this year’s total income of £323m. The uplift will be accounted […]

Celebrity libel actions double in a year

Celebrity libel actions have more than doubled during the last year as the English courts have witnessed a dramatic increase in the total number of defamation cases. There were 20 celebrity libel cases in the courts in the 2005-06 financial year, compared to just nine the previous year, according to legal information providers Sweet & […]

Private client team flees Simmons

Simmons & Simmons has axed its four-lawyer private capital team, which will join Lawrence Graham in September. Simmons was one of the few big City firms still offering advice to private clients, but the firm’s renewed focus on banks and corporate means the practice no longer fits into its business strategy. Simmons managing partner Mark […]

Pillsbury aims for AIM after London hires

Pillsbury Winthrop Shaw Pitman’s London office is targeting the AIM market following a raid on Osborne Clarke. Osbornes partner Simon Fielder and assistant Caroline Grange specialise in flotations on AIM and the main market, particularly advising North American issuers. Fielder said: “We’re looking forward to the chance to be able to work with the US […]

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