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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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Conflicting emotions

Excellent news reaches Tulkinghorn. Freshfields, stung by its experiences during the Marks & Spencer debacle, has decided to start taking conflicts seriously. No longer will the magic circle firm be embarrassingly caught out in the full gaze of the public for acting for a client when it shouldn’t. No longer will its partners have to […]

V2 legal head leaves to begin new business venture

The worldwide head of legal at Richard Branson’s record label V2 is quitting. Will Meekin, director of commercial and business affairs for V2 Music Worldwide, will leave at the end of August and is hoping to launch an independent consultancy for the music and entertainment sectors. V2’s chief executive Tony Harlow is reviewing the position […]

Garrigues bolsters Portuguese presence with LMA combination

Spain’s Garrigues has become the latest law firm to strengthen its Iberian links after integrating Portuguese practice Leonidas Matos y Asociados (LMA). All of LMA’s 36 lawyers will be subsumed into Garrigues’ 1,200-strong law firm, and the Spanish giant hopes to add another 10 professionals in September. The Portuguese Bar Association backed Garrigues’ move on […]

Dechert’s partnership dwindles further

Dechert’s string of partner losses has lengthened after a London corporate partner opted to join Reading firm Pitmans. Janice Wall will leave at the end of this month. Her exit follows that of insurance partner James Lewis, who left for LeBoeuf Lamb Green & MacRae in March. Prior to Lewis’s decision to leave, Charles Brown, […]

Separated at birth

Beachcroft Wansbroughs professional risks partner (a suitable role for a one-time troubleshooter) Mike Willis may have hung up his gun, aviators and tan leather jacket since his halcyon days in the 1970s, but he can still engender a ripple of fear among lawyers that haven’t got enough cover (that’s professional indemnity cover, not dustbins and […]

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