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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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Transcriber wins franchise to sell court display podium

COURT transcription service Smith Bernal has held talks with several City law firms with a view to introducing high-tech US-style “litigators’ podiums” into the UK courts. Smith Bernal – the supplier of on-line court transcription service LiveNote – has won the franchise to distribute technology supplier DOAR Group’s Document Evidence Presentation System (DEPS), which is […]

Common investment is sweet charity

Solicitors involved with smaller charities should consider common investment funds to make the most of the money they raise, argues Garon Watkins. Garon Watkins is director of the charities division at Lazard Asset Management. What are the options available to those solicitors confronted with issues of charity investment management? They will be aware that charities […]

Globalisation will kill off equal pay

Merit-based compensation will replace lock-step as firms go international, writes Jeffrey Gordon. Jeffrey Gordon is a partner at US firm Mayer Brown & Platt. Most big-firm lawyers regard lock-step compensation, where all partners of equal seniority receive equal pay, as the most desirable compensation system for a law firm – if the firm can afford […]

New kids on the block get tough

Big companies are becoming sophisticated buyers of legal services. Stronger relationships between clients and firms and tighter control of costs, has resulted in a virtual freezing of firms’ fees. Such developments promise to make the next recession much tougher than the last for law firms. The reason for this, as testified by the success of […]

Insurers not too keen on lawyers

My firm specialises in CPD legal training. With the furore over opting out of SIF, we approached Lloyds to undertake a course discussing opt-out options. I am strongly in favour of opting out, but my discussions with the insurance industry were eye-opening. I have seen little evidence of in-depth investigation as to alternative costs and […]

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