Deacons' partners declared bankrupt

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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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Plea for wills information

The Institute of Legal Executives (ILEX) is urging the establishment of a Central Wills Registry where all wills, irrespective of how they are drawn up, will be registered and checked for validity. ILEX is seeking examples of cases where a Central Wills Registry would have made certain that the deceased’s wishes were indeed carried out. […]

Financings

Chesterton International was advised by Osborne Clarke on its rights issue

Berensons treads carefully with system upgrade

Fennell Betson reports Kensington-based Berensons, the legal practice run by Conquest legal network chair Richard Berenson, has made a modest u12,000 investment in its IT system. The aim was to get better results from its existing system. Berenson says the firm did not want to spend heavily on IT as it was waiting to see […]

Freshfields' conference winner

Fennell Betson reports Freshfields took over four years and examined 17 systems before choosing the video conferencing system it has installed in London and six European offices. “We had a good look around and chose the Sony system after a three-month trial,” says the firm’s communications manager David Enders. The City firm is believed to […]

New front opens in pensions war

Legal warfare over compensation for up to one million people who were mis-sold personal pensions is hotting up this week, with a series of actions and a High Court challenge by the pensions industry to overturn guidance from the Securities and Investments Board (SIB). The pensions industry’s attempt to judicially review SIB guidance could delay […]

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