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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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Top firms back new code to measure carbon output

Eighteen top firms have backed a new carbon footprint protocol specifically tailored for the legal profession. The new code has been designed by the Legal Sector Alliance, a movement of law firms and organisations committed to working collaboratively against the climate threat, to provide law firms with a practical guide to adopting environmentally sustainable practices. […]

Finers returns UK powerboat duo to pole position

Finers Stephens Innocent has successfully advised world powerboat racing ­champions Craig Wilson and James Sheppard on their appeal against a 100-point deduction and ­disqualification. The punishment was handed out after the UK duo was said to have ­competed in the Evolution class sprint race at the ­Italian Grand Prix of the Sea with engines that […]

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A&O places litigation at heart of global strategy

Magic circle firm Allen & Overy is putting ­litigation growth at the ­centre of its global strategy, aiming to increase the practice’s contribution to global revenue by 50 per cent over the next four years. Magic circle firm Allen & Overy (A&O) is putting ­litigation growth at the ­centre of its global strategy and is […]

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Clip crop

Addleshaw Goddard’s facilities department has made a boo-boo by accidentally ordering 10,000 paperclips that were “not of the quality [they] normally receive”. Rather than suing the supplier, which won’t take the clips back, the firm has instead enlisted its corporate social responsibility (CSR) team to find a way to recycle them rather than chucking four-odd […]

Hammonds, Shearman, Brabners in footy megadeals

The frantic close of the football transfer window saw lawyers working late into Monday night on some of the Premiership’s biggest ever deals, including the £200m sale of Manchester City FC. A Hammonds team led by corporate partner David Hull (pictured) represented the club in the sale, which was sold by former Thai prime minister […]

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