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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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Turcan Connell plans in-house finance service

Edinburgh firm Turcan Connell, the private client offshoot of Dundas & Wilson, is to launch an in-house investment management service later this year. The seven-partner firm, which opened its doors last month and which has remained in the same building as its old firm, has appointed Peter Rintoul as its investment director. Rintoul, a chartered […]

Take a risk by being positive

Risk management is a concept which does not sit easily with the legal profession. But lawyers are soon to have a rude awakening on this front when Lord Irvine’s reforms begin to take shape. The idea is that, since they make money out of cases, they should be willing to fork out money to support […]

Gray's Inn helps out over-taxed practices

In an innovative commercial move, tax specialist set Gray’s Inn Chambers is outsourcing three of its junior barristers to at least six City and commercial solicitors’ firms with over-stretched tax departments. The trio – Conrad McDonnell, Hugh McKay and Aparna Nathan – charges an hourly rate, effectively acting as assistant solicitors. The three attend meetings […]

Macfarlanes Top 100 info

I refer to the Top 100 table which appeared in the student supplement of The Lawyer (28 October). I am writing to point out that the information that we provided for the table made it clear that Macfarlanes provides course fees and maintenance for both the CPE and LPC. The maintenance is currently £3,500 per […]

Selling the skills of the star silks

Chambers have reluctantly accepted the value of marketing, but how best to do it remains a mystery to most barristers. When it comes to marketing barristers’ chambers what solicitor can resist a stack of glossy brochures, a couple of cold calls and the odd glass of warm Chardonnay? Surprisingly enough, quite a few. The Bar’s […]

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