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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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Sea-change on the horizon for water?

Cyrus Mehta, head of EC, Nabarro Nathanson James Quinney, senior solicitor, Herbert Smith Richard Temple, senior solicitor, Herbert Smith AT PRESENT no UK water group can buy or merge with another group worth more than £30m without the deal being referred to the Monopolies and Mergers Comm-ission, now referred to as the Competition Commission. Companies […]

Theodore Goddard takes head of banking from outside the law

Theodore Goddard is taking the unprecedented step of appointing a non-lawyer to its head of banking as the department undergoes an internal reorganisation.Nigel West, who joined the firm in 1996 as director of structured finance, heads the banking department which has absorbed Theo-dore Goddard’s PFI, asset finance and structured finance units.The banking and finance department […]

Would-be silks set to pay £220 just to apply

Would-be QCs must come up with the funds for the silk selection process themselves in future, the Government has decided.As the Access to Justice Bill proceeded through its second reading, Minister of State at the Lord Chancellor’s Department Geoff Hoon told the Commons that the taxpayer should no longer have to bear the estimated £120,000 […]

It's been a bad week for…

Alan Rashid of Cardiff. Having been found not guilty to the charge of threatening to kill, Rashid was promptly sentenced to two years’ imprisonment by Judge Michael Gibbon. It seems that a frog in the throat of the juror swallowed the vital word “not” as he was delivering the not guilty verdict, leaving the court […]

Eversheds' Moscow office poaches McDermotts team

Eversheds has poached nearly the entire team of McDermott Will & Emery’s Moscow practice, The Lawyer can reveal.Eversheds initially lured McDermotts’ Moscow managing partner Britt Shaw at the end of 1998. The firm had had a working relationship with Shaw before its merger with Frere Cholmeley Bischoff.The other founding partner of McDermotts’ Moscow practice Dan […]

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