Garretts goes east

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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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Courts rise to the challenge

Although the legal system is frequently criticised for its slowness, when the necessity arises the courts do have a quick response mechanism. This has been illustrated recently by the unusual case in the High Court Family Division of an expectant mother whose chronic terror of needles stood in the way of her receiving potentially life […]

In brief: Scatcherd & Co links up with Kirbys

Harrogate firm Kirbys has taken over Scatcherd & Co, a local private client law firm. Scatcherd & Co’s sole principal, David Hopkins, has joined Kirbys as a consultant and his staff have moved to Kirbys’ offices. Kirbys partner Mark Hutchinson said he believed that the practice now had the strongest private client department in Harrogate. […]

In brief: Patent Office trims fees by 21 per cent

The Patent Office has cut fees for patent examinations from £130 to £70. The cuts, effective from this year, will see the administrative costs of obtaining a UK patent drop 21 per cent, from £285 to £225. Efficiencies in the Patent Office’s operation have been credited for the fee cuts.

Finance

Speechly Bircham advised Scottish Life Assurance Company on a £125m Eurobond issue made through its subsidiary Scottish Life Finance. The parent insurance company guaranteed the issue. Linklaters & Paines advised Kleinwort Benson

Herbert Smith loses shipping expert to Dibb Lupton Alsop

SHIPPING expert Tom Birch Reynardson has left Herbert Smith to join Dibb Lupton Alsop’s insurance and shipping group. Birch Reynardson, who is also taking his assistant Nina Hall with him, said that he was impressed with Dibbs’ “existing solid and well established insurance and shipping practice”. Despite the loss, Herbert Smith has maintained that its […]

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