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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 […]

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 […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

Recommended

Angel flies back into a storm at Linklaters

Linklaters‘ managing partner Tony Angel was quoted in the press last week as saying that the magic circle firm’s profits would be “above 10 per cent [up] on last year”. This earlier than usual indication for 2004-05 profits has had the whole of the City talking – 10 per cent is a bullish figure in […]

Big fish for fat cats

While Tulkinghorn is on the subject of ‘sport’, The Lawyers’ Fishing Club (www.lawfish.com) is hosting its annual beginners’ day this Saturday (9 April). Tickets are a measly £28, for which you get the use of tackle and receive tuition and two fish. What you do with the fish is, apparently, up to you. Contact Nick […]

Herbies wins Fortune Brands mandate on Allied Domecq takeover

Herbert Smith has won its first instruction from Fortune Brands, the US group that has teamed up with Pernod Ricard to take over Allied Domecq. It is understood that Herbert Smith won the mandate after a referral from the US. Allied Domecq, the world’s second biggest spirits group and the owner of brands such as […]

Careers: People

Scotland’s Morton Fraser has hired Austin Flynn as a corporate partner from Edinburgh rival Murray Beith Murray. Also, corporate partner Adrian Bell will head the Glasgow office from 1 May when John Urquhart becomes a consultant. Penningtons has hired Boodle Hatfield partner Andrew Drake, who joins the Newbury office as a corporate and commercial partner. […]

Greenberg Traurig in Asia launch

Greenberg Traurig has made its Asian debut after opening a Tokyo office and forging an exclusive alliance with the Landwell-tied firm Hayabusa Kokusai Law Offices. New York-based partner Kunichika Nakano – who has a licence to practice both in the US and Japan – will relocate to Tokyo to head the firm’s Japanese practice. At […]

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