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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

Withers brings in former Travers litigator

Withers has hired former Travers Smith litigation partner John Kingston to build up its London-based litigation group. Kingston led Travers’ litigation group from 1980 until 2007. Withers managing director Margaret Robertson said: ­”Litigation is on the rise across the world in this difficult ­economic ­climate and we’re experiencing a growing demand for advice on contentious […]

Garrigues names new chiefs in bumper year

Spain’s largest law firm Garrigues has revealed the names of its new joint managing partners just as it expects to break the e300m (£259.9m) revenue barrier for the first time. Fernando Vives and Ricardo Gómez-Barreda will take up the reins at the start of the new financial year on 1 September for a four-year term. […]

UK firms dig in their heels

There’s nothing like a bit of protectionism for stirring up ill-feeling. As our lead story details, what started out as a group of Bulgarian firms marking their territory against an influx of foreign competition has turned into a full-scale battle, and each side is utterly incensed at the other’s actions. The Bulgarians may have a […]

Eversheds plans its first secondment to Indian ally

Eversheds is planning to send its first-ever secondee to an Indian law firm, with an assistant preparing to go to Khaitan & Co later this year. Four year-qualified ­associate Sandip Khroud will relocate to Khaitan in ­September for an expected three-month secondment. He will split his time between Mumbai and New Delhi. The move is designed […]

People moves

Richard Dinning (left) has been appointed as chairman of DMH ­Stallard, taking over from Derek ­Sparrow. Dinning was previously a real estate finance partner at Addleshaw Goddard. Move of the week His appointment comes as DMH Stallard looks to implement its ­latest three-year strategy, ­positioning itself as a “better value” alternative to magic circle and […]

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