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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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Safety measures: de-risking pension schemes

For employers and trustees looking to ‘de-risk’ their pension schemes, the emergence of a series of inventive approaches to dealing with liabilities offer them genuine opportunities to achieve their goals. By Ian Cormican and Caroline Legg With the majority of final salary pension schemes now closed to new entrants and a sizeable number closed to […]

Hammonds promises layoffs are a ‘one-off’

Hammonds chief Peter Crossley has vowed that there will be no more redundancies at the firm once the current consultation affecting 95 staff is completed. Crossley told The Lawyer: “This is a one-off. It’s ­unfortunate that we have announced the consultation, but we’re taking a ­considered and pessimistic view of the next six months.” The […]

Web Week

The Lawyer’s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@thelawyer.com. Clothes and horses Corporate etiquette can often be as convoluted as that of the court of Louis XIV of […]

Covington, Fulbright to review Bush’s DoJ

Covington & Burling and Fulbright & Jaworski are among the firms appointed by President-elect Barack Obama to review investigations shelved during the Republican administration. Obama selected Covington partner Eric Holder and Fulbright partner Richard Smith to join his transition team to look into the Department of Justice (DoJ) during George W Bush’s time in office. […]

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Clifford Chance signs training deal with CoL

Clifford Chance has signed up the College of Law (CoL) to run every aspect of vocational training for its future trainee solicitors. The school, which already provides a bespoke Legal Practice Course (LPC) for the firm, will now deliver tailor-made vocational programmes for its trainees over a five-year period. It will now be the sole […]

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