Euro bank cuts its legal panel from 100 to eight

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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

It has been a bad week for:

The hosiery industry. The Lord Chancellor, after speaking out at select committee meeting on the delicate issue of his breaches, has won approval from the House of Lords to dress down. Only time will tell if the “more modest attire” to which he aspires will take the form of slacks, or a comfortable pair of […]

Cameron McKenna wins consultancy award

Cameron McKenna last week became the first law firm to be named “Consultancy of the Year” by the British Consultants Bureau at its annual awards ceremony. Camerons won the accolade for the work of its energy and projects practice in restructuring the Californian electricity market. Camerons team of partners led by Fiona Woolf, head of […]

Manches hires Booker eight months after he quits CC

Leading insolvency lawyer Ashley Booker is to join Manches & Co this week, after his sudden departure from Clifford Chance eight months ago. Booker, who will head the firm’s insolvency group, still refuses to explain why he left Clifford Chance, except to say it was “for personal reasons”. Clifford Chance began inquiries in March into […]

Step in right direction for FSA

Philip Hoult says the FSA’s creation of an independent tribunal and practitioners’ forum shows it is capable of taking criticism on board. The City may finally be getting the regulatory regime it deserves for financial services. The Treasury’s approach to the launch of the new super-watchdog, the Financial Services Authority (FSA), can most charitably be […]

In brief: LAG says 'pay as you go' will hit the poor

The Legal Action Group (LAG) has claimed that the Lord Chancellor, Lord Irvine’s plans to hike up court fees by introducing a “pay as you go” system will stop low-income households from “pursuing legitimate claims”.

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