Gearing up in Germany

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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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Paris

Simmons adds Nixon Peabody partner to Paris team

Simmons & Simmons has become the second firm to benefit from the closure of Nixon Peabody’s Paris office, picking up private equity partner Noro-Lanto Ravisy. Ravisy’s hire follows last week’s news that Nixon Peabody public law specialist Olivier de Chazeaux was joining Stephenson Harwood (13 February 2013). The US firm announced in December that it […]

Supreme Court decision: powers of attorneys submitted to banks

In a recent and unusual Supreme Court decision, it was held that where several powers of attorneys (giving authority to different individuals) are submitted to a bank at different times, the last power of attorney submitted to the bank would automatically revoke all previous powers of attorneys regardless of whether or not the bank was […]

Fidelity policy

In this briefing, the claimant is a money exchange company and the defendant an insurance company. The claimant signed an insurance policy with the defendant to cover any loss resulting solely and directly from dishonest or fraudulent acts by employees. The Branch Manager received a request from an unlisted client (“Branch Manager”), for a bankers […]

Firms ponder third-party funding for WIP

Third-party litigation funders stand by to fill the gap on case running costs As the implementation of the Jackson reforms moves closer, some firms are considering how best to make use of the contingency fee model, or damages-based agreements (DBAs), as they are to be known in the UK. The new model is intended to […]

Grays Inn

39 Essex Street’s reassuring price tag

The stream of defections from 4-5 Gray’s Inn Square to 39 Essex Street continues today, with news of former head of chambers Richard Spearman QC’s move. Spearman’s departure follows that of 24 other 4-5 Gray’s Inn barristers, who left the set to join 39 Essex Street in December. The exodus made 39 Essex Street London’s […]

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