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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

BBC Worldwide restructures as legal chief bags promotion

The BBC’s director of business and legal affairs Sarah Cooper has been promoted to chief operating officer (COO) at BBC Worldwide. The role, which has been newly created, will see Cooper directly responsible for all of BBC Worldwide’s corporate operations including legal and business affairs, talent accounting and corporate governance. Cooper’s former position as director […]

PEP debacle forces Watson Burton to open up its equity

Watson Burton to open up its equity” />What a difference 12 months can make. At this time in 2006, equity partners at Newcastle’s Watson Burton were the envy of the Geordie legal world, bagging an average profit per equity partner (PEP) of £712,000 – far clear not only of local rivals, but of most City […]

Going straight

Corporate scandals have triggered a rethink in Japan’s approach to compliance as business looks to learn from its global counterparts. By Peter Godwin The past five years have seen unsurprising yet significant changes in the regulatory environment in Japan. Where previously compliance departments were – outside perhaps of the financial services industry – almost unknown, […]

Knowing me, knowing you

Despite reservations from some, India will benefit from the liberalisation of its legal market. By Alex Pease We have all read newspaper reports that speak confidently of political moves to achieve liberalisation of the Indian legal market before the country’s general election in two years’ time. Whether these predictions turn out to be true or […]

Hammonds gets the nod for Fulham FC’s kit deals

The sports group at Hammonds has held onto Fulham FC as a client, scooping the lead role on the club’s kit supply and sponsorship deals. Hammonds advised the club on its kit deal with Nike and sponsorship deal with LG Electronics, both of which will last four years. This is despite the firm losing key […]

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