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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

Partner quits Hammonds on good terms after 21 years to boost small firm

A former partner at Hammond Suddards has chosen to move to a much smaller Leeds firm, Nelson & Co. Ian Shuttleworth, a partner at Hammond Suddards for 18 years, approached nine-partner Nelson & Co himself and joined as a partner last week. A specialist in commercial property and construction law, he plans to build up […]

HR&K puts its faith in niche team

City firm Harris Rosenblatt & Kramer has absorbed the banking and finance department of Bromley firm Hill Bailey. Under an unusual arrangement, the department will still operate in Hill Bailey’s offices as a satellite of the City firm. HR&K will gain a new portfolio of clients, mostly mortgage companies, and seven fee earners. None of […]

High Court swings to rock 'n' roll actions

Even if they have little interest in the music, it seems High Court judges can keep up-to-date with pop’s trends by the litigation coming before them. After a recent hearing before Mr Justice Rattee, counsel Gregory Banner revealed the all-out royalties battle between members of chart-topping group Oasis and their ex-drummer Anthony McCarroll is still […]

Berwins spends on full IT revamp

Alison Laferla reports City firm Berwin Leighton is completely revamping its IT system in an attempt to “leapfrog the competition”. The firm has opted to run on an Intel platform and Microsoft NT, the successor to the MS DOS operating system. The contract for upgrading the IT system, worth over half a million pounds, has […]

Charles Marquand sees problems for insider dealing charges.

Charles Marquand is a barrister at 3 New Square. Recent reports (The Lawyer 25 June 1996) suggested that the losers in the recent copper market turmoil were considering whether to start litigation under section 62 Financial Services Act 1986 for losses arising from insider dealing. They may be disappointed. Section 62 (1) of the Act […]

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