Ex-OPIC boss moves to Clifford Chance

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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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Legal Widow

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Microsoft chooses Mishcons for assault against spammers

Microsoft has appointed Mishcon de Reya to lead its fight against piracy, ahead of rival panel firms Linklaters and Covington & Burling. Mishcons is advising the software giant on the first UK suits ever filed against ‘spammers’, the senders of junk email. Head of litigation Kasra Nouroozi and assistant Ben Gallagher at Mishcons are advising […]

Finance deals round-up

Herbert Smith (Dina Albagli) advised Halifax Bank of Scotland (HBOS) on its issue from its master trust Mound Financing, raising £2.26bn for the bank and an increase in trust property to £7.5bn. Shepherd + Wedderburn acted for HBOS on issues relating to Scottish law. Citigroup acted as sole arranger with Credit Suisse First Boston as […]

Wedlake Bell hoping for airline work after hire of BA’s employment lawyer

Wedlake Bell is hoping to get a share of airline industry work after hiring British Airways (BA) senior employment lawyer Jo Pawley. Pawley returns to private practice after more than seven years in the role at BA. She was originally seconded from Osborne Clarke. Wedlake Bell is not one of BA’s panel firms, but Pawley […]

Property lawyers top professional indemnity hit-list

Property work has once again turned out to be the main cause of professional indemnity claims against solicitors. According to a report by Alexander Forbes Claims Services, 34 per cent of claims from 31 August 2002 to date have been racked up over property matters. Of the property claims, residential work was the biggest offender, […]

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