Europhobia out of all proportion

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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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SJ Berwin hires financial expert

City firm SJ Berwin has appointed a financial services high flyer to advise its clients on new regulations. Glenda Davies was formerly director of regulatory policy at the non-governmental regulatory organisation the Securities and Futures Authority (SFA), and has helped to draft many pieces of financial legislation. SJ Berwin believes she is the first internal […]

Jacko's grief costs insurers a mint

Superstar Michael Jackson’s heartbreak at the death of Diana, Princess of Wales, looks set to cost Lloyd’s underwriters $1m. And in the process, the finest minds in the UK insurance market have been focused on an important point of insurance law. Lords Justices Clarke, Nourse and Aldous have ruled in the case of Quinta Communications […]

Linklaters spearheads Dixons' foreign growth

Linklaters & Alliance and Norwegian firm Wikborg Rein & Company have landed work on Dixons’ first foray into Europe. Rupert Pearce, corporate partner at Linklaters, is leading a team of three lawyers advising Dixons on its £444m purchase of Norwegian retail group Elkjop. Einar Greve, corporate finance partner at Wikborg Rein, provided advice on domestic […]

Vizards warns insurance bar

The insurance bar has been issued with a stern warning that it faces a bleak future unless it dramatically improves the service it offers to solicitors and insurer clients. Martin Staples, senior partner of Vizards Staples & Bannister, told The Lawyer’s chambers management seminar last week that there will be less and less work going […]

B&M hires head of tax from KPMG

Baker & McKenzie has found a head of tax for its Madrid office, as the global firm builds its international tax group. Partner Isabel de Otaola y Ubieta has joined the firm from KPMG’s Spanish law firm to take over leadership of the Madrid-based tax team. The position she fills became vacant following the departure […]

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