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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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Burges Salmon creates new career path

Burges Salmon creates new career path” />Bristol-headquartered Burges Salmon is revamping its legal ­hierarchy and creating the roles of senior associate and legal director. The move comes as the firm looks to introduce a ‘lawyer contribution framework’, which will form the basis of the lawyer appraisal process. The programme is expected to begin in May […]

DWF revenues up 12.5 per cent

DWF has posted a 12.5 per cent rise in fee income at the half-year stage, bringing in £28m over the six months compared to £24.5m over the same period last year. The firm said it is on track to post a revenue rise of 12 per cent for the full year, which should take its […]

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‘tache of the Titans latest: using facial hair as an aid to networking

Before this whole Movember thing kicked off, I was a bit nervous about growing a moustache. It’s scary going into professional situations looking like a low-budget Groucho Marx. But far from being a barrier to social contact, the moustache is turning into a great ice-breaker. Just one day into The Lawyer Legal Summit and I’ve […]

Allen & Overy half-year turnover up 11 per cent

Allen & Overy half-year turnover up 11 per cent” />Allen & Overy’s (A&O) half-year turnover increased by 11 per cent to £548m compared to the same period last year. The firm said that the results were buoyed by the impact of global market turmoil. Managing partner Wim Dejonghe (pictured) said: “Business is holding up for […]

Camerons´ insurance switch: timely change or risky business?

CMS Cameron McKenna has taken a leap of faith in its decision to relaunch its insurance practice with a focus on ­contentious work, as revealed by The Lawyer last week (3 November). Most insurance practices are broadening their platforms to capture a more significant proportion of work because the pressure on profit margins and the […]

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