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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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Law soc wants dismissal payout raised

The maximum award for compensation for unfair dismissal should stand at more than u31,000 rather than the current u11,000 ceiling, the Law Society’s employment law committee says. The committee, chaired by Simmons & Simmons partner Janet Gaymer, says now the limit has been lifted on sex and race discrimination awards, it is “highly anomalous” that […]

Garretts swoops on Manchester

GARRETT & Co has set out to poach the best of the north west to fill its new office in Manchester. The fast-growing Arthur Andersen off-shoot last week announced the opening of its second office within six months. The firm is looking to lure senior lawyers and their teams from existing Manchester practices. Davies Arnold […]

Barrister slams 'mean' tariffs

BARRISTER Robert Latham has called on the Home Secretary to drop his plans for a criminal injuries tariff system and restore the old system of compensation. Speaking at last week’s annual Victim Support meeting, Latham, head of chambers at 1 Pump Court, said that the new system was “mean” and “unfair”, and had been “introduced […]

Govt keeps rein on VSEL bid

City legal giants Simmons & Simmons, Freshfields, and Linklaters & Paines are advising on the major bidding process for shipbuilders VSEL. The deal is a large one, but lawyers say it is also unusual because the UK Government retains the right to consider competition issues that would otherwise be handed over to the EC. Simmons […]

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