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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 […]

Recommended

KLegal lures tax head for new group

KLegal, the associated law firm of KPMG, has launched its tax litigation practice. The firm has lured James Bullock from Ashurst Morris Crisp to head the department. He joins at director level, the big five accountants’ equivalent to a salaried partner. The move reunites Bullock with Stephen Machin, his former boss and head of tax […]

Back to the law

Sir Nicholas Lyell QC has had a long and prestigious political and legal career. Matheu Swallow meets the seriously straight-talking former Attorney-General upon his return to the bar. It seems only proper to introduce the Right Honourable Sir Nicholas Lyell QC with his full and formal title. After all, the former Attorney-General is a man […]

Maxwell's lawyers demand more fees

Alun Jones QC – the highest paid criminal legal aid barrister in 1997 – is to ask the High Court for an additional £350,000 in basic fees he claims he earned for representing Robert Maxwell’s son. He will be joined by Clare Montgomery QC – like Jones a tenant at 3 Raymond Buildings – who […]

Drugs giants get advice from US firms

US FIRMS are advising on the merger between pharmaceutical giants Pfizer and Warner-Lambert. Both companies have instructed New York-based lawyers on the £51.2bn merger – one of the five biggest – which will create the world’s second largest pharmaceuticals group. Pfizer has instructed Cadwalader Wickersham & Taft and Kaye Scholer Fierman Hays & Handler. Warner-Lambert […]

Hammonds to make liability insurance separate business

Hammond Suddards is making its liability insurance department a separate business because it is not successful enough. Exactly how this will be achieved was discussed at a partnership meeting on Saturday (12 February), but a rigid policy has yet to be devised. Chris Jones, Hammonds’ managing partner, says: “We will be looking at all the […]

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