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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

Banks call on preferred counsel for OFT probe

Competition lawyers are gearing up for round two of the Office of Fair Trading’s (OFT) investigation into the retail banking sector. The major banks have turned to their longstanding counsel: Barclays instructed Clifford Chance, Lloyds TSB is being advised by Lovells, Royal Bank of Scotland (RBS) has instructed Ashurst and Linklaters, while HSBC is looking […]

Shell settles first pan-European securities fraud case

US law firm Grant & Eisenhofer (G&E) scored an advisory role on the first-ever pan-European class settlement of securities fraud claims. G&E, representing a European investment group of more than 50 investors, including some from the UK, agreed to resolve claims against Royal Dutch Shell over the company allegedly having reported an “overstatement” of its […]

Hammonds promotes 11 to the partnership

Hammonds has promoted 11 associates to the partnership. Four of the new partners, who will be promoted on 1 May 2007, are in the corporate team, with two each in construction, employment and intellectual property (IP), and one in property. This reflects a different emphasis from last year, when the firm promoted a total of […]

Magic circle associates revel in promotion boom

In a bumper haul for magic circle associates, Allen & Overy (A&O) elected 32 associates to the partnership this year, while Freshfields Bruckhaus Deringer promoted 22 and Clifford Chance and Linklaters both voted in 38. Linklaters increased its partnership round by 18.75 per cent on last year. The firm’s finance and projects team was the […]

High Court judges face increased criticism from senior colleagues

Judges fear nothing – apart from other judges. And quite understandably so, as a personal telling off from a higher-ranking judge can cause public humiliation. These types of attacks, known as ad hominem, are becoming more frequent. Finers Stephens Innocent partner Mark Stephens says: “There’s been an increasing tendency toward ad hominem attacks, which I […]

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