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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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The Firm

Excerpt from minutes of Marketing Committee meeting. In attendance: Angela La Croix, marketing manager; Tom Henderson, managing partner; Robert Pinton, head of property. Ms La Croix: …and now on to our primary initiative – Rebrand ’99. For six months, we’ve focused on grouped finance directors in top 500 FTSE companies and asked – “what core […]

In brief: Denton Hall

Denton Hall’s managing partner, Jonathan Tatten, is to stand down after six years at the helm. The board is proposing to divide the management of the firm between two managing partners – one for the UK and one for the rest of the world. The elections are to be completed by the middle of March. […]

Dibbs gets boost with three new partners

DIBB Lupton Alsop is appointing three new partners to its London and Birmingham offices. Dibbs is recruiting a corporate recovery and insurance (CRI) insolvency team from Davies Arnold Cooper. The team is headed by Nigel Montgomery, who brings with him Juliette Stevens, Geraldine Quirk and Stephen Hatherall. Montgomery will become a partner at Dibbs. Dibbs […]

Share schemes 'inflexible'

EMPLOYEE benefits lawyers are calling for the Government to introduce more flexible rules for employee share ownership schemes. The call accompanies a survey by Norton Rose showing workforces lag behind senior executives in benefiting from the trend towards employee share options. David Cohen, head of Norton Rose’s employee benefits group, and chairman of the Share […]

Dangerous precedents

THE LORD Chancellor, Lord Irvine was predictably charged with cronyism this week when he refused to sack Lord Hoffmann for failing to reveal his links with Amnesty International during General Pinochet’s extradition hearings. However, if Lord Irvine had sacked Hoffmann, who made the inexcusable mistake, it would have set a far more dangerous precedent. British […]

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