FSA faces court battle after funds reject mediation plans

Brendan Malkin asks what will happen next as the FSA bungles another reconciliation attempt

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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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Gloster QC is first female Commercial Court judge

Elizabeth Gloster QC, the highest-earning female barrister who was set to rake in £2m in 2004, has been appointed the first female judge of the Commercial Court, which deals with the UK’s biggest cases. Only Lord Grabiner QC and Gordon Pollock QC, the bar’s biggest earners with each bringing in £3m a year, earn more […]

The secret’s out

The steady erosion of professional privilege will have significant implications for lawyers and their clients. John Rhodes reports

Day of the Daleks

This separated at birth doesn’t involve faces, but voiceboxes. Check out the recently-installed automated voicemail system at Reynolds Porter Chamberlain. Instead of lawyers asking you to leave a message in their own words, the firm has plumped for what seems to be the ‘voice’ of cosmologist Stephen Hawking. It states the name of the lawyer […]

On a mission

Thales UK is winning its battle to compete
with the mighty BAE, and is keeping its in-house
team busy in the process. Husnara Begum investigates

Morgan Cole hit by double energy exit

The flailing London office of Morgan Cole has been depleted further with the departures of two energy heavy-hitters to Charles Russell. Barrister Geoff Hewitt, a former in-house counsel at Saga Exploration, and assistant Gordon Clark, who previously worked at TXU, will join Charles Russell’s energy team as consultant and assistant respectively. The news comes hard […]

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