Deutsche Bank lawyer quits top job

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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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Greeks bearing ships sunk by paper-chasing trainee

Nick Newling works for the Government Legal Service, but we are not allowed to tell you which department. This is not a matter of state security, it is simply that his boss does not want his position to become known and, like any 26 year-old new recruit, Newling does not want to upset them. On […]

Quote of the week

“Anyone and any member of this house may find himself in a police station. He may kill someone with his car. He may be wrongly identified in a public lavatory…” – Lord Hutchinson of Lullington uses the famous public lavatory defence in speaking out against public defenders in the House of Lords.

Property

A team at Rowe & Maw comprising Stephen Walsh, Nigel White, Iain Thomas and assistant, Sahba Akhavan, advised the Nationwide Building Society in advancing a property loan facility of £93.3m. The facility is available to limited liability partnership, the Apsley Property, formed by Frogmore Estates, advised by Titmuss Sainer Dechert and Clyde & Co, and […]

Malaysian bar move to block foreigners

THE MALAYSIAN Bar Council is protesting strongly against a decision to allow foreign lawyers to practise there. At present, foreign lawyers can only act as consultants in designated areas and offer their services in offshore matters. New rights for foreign lawyers to follow enactments made 20 years ago under the Legal Profession Act 1976 only […]

Will Europe steal a march on the City?

Judith Mayhew, chairman, Wilde Sapte Alan Peck, chief executive, Freshfields Dorothy Livingston, partner, Herbert Smith Might the City be about to lose its position as the world’s leading financial centre to Paris or Frankfurt? According to the report Le Prix de l’Euro, published last week by an independent financial think-tank, factors ranging from the growth […]

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