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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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In brief: First PI-specific recruitment firm opens

The first recruitment firm solely dedicated to placing personal injury and medical negligence lawyers, London-based recruitment consultancy Smith & Manchester, opens its doors this month, aiming to provide a nationwide service.

Extend anti-discrimination laws to all

The ECJ’s rulings on discrimination in the workplace on grounds of sex have excluded protection for homosexuals. Michael Jeremiah calls for legislation which covers all employees. Michael Jeremiah is a solicitor at Anthony Gold Lerman & Muirhead. Sex discrimination law is in a mess. The question “What does sex mean?” is now being asked of […]

IPA's cross-profession regulator plan gains lukewarm support

The Insolvency Practitioners Association (IPA), has caused controversy by calling for a new unified body to oversee the regulation of lawyers and accountants who are insolvency practitioners. The idea has been met with a lukewarm response from several prominent insolvency lawyers. The IPA’s proposal, which it described as “vital to maintaining public confidence”, is contained […]

A&O and Clifford Chance advise on first loan in euros

GEC has used Allen & Overy, rather than its usual adviser Freshfields, to draw up the documents for the world’s first euro-denominated syndicated loan. The loan has been cited by the Bank of England as an example of how London will continue to hold its own after monetary union, said Allen & Overy banking partner […]

Accountancy Survey. Accounting for the accountants

A survey has revealed that accountants are not delivering the services law firms want. The fourth annual survey by The Lawyer and chartered accountancy firm Baker Tilly makes depressing reading for accountants. Despite accountants’ marketing, brochures and stated commitment to client service, many solicitors remain dissatisfied. Quotes such as “they could show basic interest in […]

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