European bank cuts panel for advice in East to cut costs

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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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In brief: ICS abandons £51m mortgage scam action

The Investors Compensation Scheme (ICS) has abandoned its legal action against 200 law firms for their involvement in a mortgage scandal which resulted in the ICS having to pay £51m compensation to investors – after settling its dispute with the Solicitors Indemnity Fund (SIF) on mutually satisfactory terms.

Couderts hires Holman Fenwick litigator

COUDERT BROTHERS has taken litigation partner Bridget Wheeler from Holman Fenwick & Willan and so ended a six-month search for a head of litigation for its London office. Couderts’ London managing partner Philip Burroughs said that Wheeler’s appointment “was just the start of us developing a significant litigation capability”. Until now, the firm had only […]

Dispute over use of flats

Alleged breaches of planning consent in relation to occupancy of two leasehold flats in Chelsea is to go to the House of Lords. Kensington and Chelsea Council claim that Lawrie Plantation Services has allowed employees to use the flats for short-stay visits to London and in doing so has breached conditions prohibiting use of the […]

Judge attacks barristers without law degrees

A HIGH Court judge has launched a fierce attack on the practice of letting barristers without law degrees “loose on the public” after taking an “elementary” conversion course and a one-year Bar course. Delivering the Chancery Bar Association’s spring lecture – during which he also attacked the “extravagant” fees charged by some leading QCs – […]

Great Scott? Not quite, but showing promise

Veronica Cowan on the Bar Council lay complaints commissioner’s first year in office. Veronica Cowan is a barrister and freelance journalist. The public might perceive Michael Scott CB, CBE, DSO as typical of an appointment by the Bar Council. The Bar’s lay complaints commissioner is the public school-educated son of a colonel. He boasts manners […]

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