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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 […]

Recommended

Axa reshapes legal department

AXA has revamped its in-house department following the departure of group general counsel Noleen John to Norton Rose. Edward Davis, who had been co-head of Axa UK’s legal department with John, has been appointed as group general counsel. Emily Coupland, who was a senior member of the legal department, has been promoted to become Davis’s […]

Opinion

The regulations governing CFAs are now under the auspices of the Law Society

Herbies bags Oracle CFO for new COO role

Herbert Smith has raided software company Oracle for a new chief operating officer (COO). The firm has hired Norman Green, Oracle’s chief financial officer for the UK, Ireland and South Africa as COO. Prior to joining Oracle Green was finance director at Arthur Andersen. Green’s remuneration package is believed to include an annual salary of […]

BCM sparks lockstep review

Dublin mid-sizer BCM Hanby Wallace has kicked off a review of its lockstep in an attempt to introduce more flexibility. The 29-partner firm operates a 10-year modified lockstep for its 12 equity partners, which includes a 10 per cent merit element awarded at the discretion of the managing partner. Partners enter equity on 40 points, […]

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Deals comment

Ottakar’s MBO scuppered as Simmons client HMV takes leadSimmons & Simmons has backed the likely winner in the battle for bookstore chain Ottakar’s after client HMV Group made a formal takeover bid. HMV, which owns rival chain Waterstone’s, has put forward a £96.4m takeover proposal, which looks likely to scupper an earlier management buyout (MBO) […]

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