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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

Pro Bono – Dechert restructures pro bono into practice groups

In a bid to support and encourage transactional lawyers undertaking pro bono work, Dechert has taken the unusual step of introducing distinct pro bono practice groups in its Philadelphia office. The move, announced late last month, follows last year’s appointment of Suzanne Turner from the firm’s London office as global chair of the pro bono […]

Schroders slashes more than 100 from global legal panel

Schroders has completed an extensive panel review, dumping more than 100 advisers to create a roster of 11 firms. As first revealed on www.thelawyer.com/lawyer news on 5 April, the 11-strong panel, which will remain in force for three years, comprises: Allen & Overy (A&O); Berwin Leighton Paisner (BLP); Hong Kong-based Deacons; Luxembourg-based Elvingers; Eversheds; Linklaters; Boston-based […]

Clifford Chance loses legacy Pünder leader

One of the last survivors of Clifford Chance’s post-merger board is departing, leaving a question mark over who will take charge of the relationship with key client Siemens. Peter Nägele, a legacy partner with Pünder, the German firm that merged with Clifford Chance and Rogers & Wells in 2000, is leaving the firm for an […]

Giving what you get

Recent changes to family home inheritance tax may have major implications for how clients prepare for their future financial security. Penny Catterick reports

Present sense

You can tell a lot about a man from the presents he receives. While mourning the departure of Freshfields chief executive Alan Peck (who else is going to be so rude about lawyers now that he’s gone?), Tulkinghorn’s grief was much assuaged by hearing of his retirement haul. The London partners came up trumps, and […]

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