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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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Acca to take MDP stance at Versailles conference

The European chapter of the American Corporate Counsel Association (Acca) – the world’s largest association of in-house legal counsel with 11,000 members – is to debate whether to take a stand against multidisciplinary partnerships (MDPs). Acca will tackle the thorny issue at its fifth annual European conference, which is being held on 5-6 October in […]

Swapping the City for Whitehall

Last month David McCahon told The Lawyer why he quit Westminster for Cameron McKenna. This month, Clare Sylvester explains why she left Clifford Chance for the ‘raw law’ of the Government Legal Service Why on earth should anyone leave the comparative luxury of the City for the “Corridors of Power”? A little over a year […]

Thornton-Jones still in charge

In LAST week’s issue (15 September 1998), City editor Robert Lindsay reports that Lawrence Graham has boosted its investment management arm with the recruitment of City banker James Sageman. We would like to clarify that as chairman of Lawrence Graham Investment Management Services, Tim Thornton-Jones will remain the partner in overall charge of investment management, […]

Clifford Chance aids panic prevention CD

CLIFFORD Chance has played a key role in producing a CD-Rom which aims to help companies cope with disasters such as the loss of a major customer, kidnapping or workplace violence. The firm’s head of public policy Richard Thomas joined with experts from the fields of communications, law, finance, insurance, security and risk management to […]

IBA tones down draconian MDP regulation list

The IBA has bowed to the inevitable and agreed a list of suggested rules to regulate MDPs. The IBA’s original proposals on MDPs, drafted this summer and sent to the World Trade Organisation, contained draconian rules which would have imposed more restrictions on MDPs than currently exist in many jurisdictions. But the IBA ruling council […]

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