Guardian Care Homes switches Cooke Young & Keidan for Wilkes Partnership in landmark Libor battle

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Interesting times ahead as big banks take the stand

The prevailing decline in banking and finance litigation work looks set to be reversed next year, with a number of important trials and judgments due By Ewan McQuater QC and Adrian Beltrami QC The Brexit vote and the outcome of the US election have caused uncertainty in the financial markets in the second half of […]

UK firms face challenge of accessing EU after Brexit

By Robert Purves and David Simpson UK financial services firms risk losing their passport to trade freely in Europe following Brexit, but UK regulation is likely to evolve in tandem with EU law Brexit will present major challenges if UK financial services firms lose passporting rights under EU Single Market Directives. Passporting means that a European […]

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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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Entertainers to be treated as self-employed for tax purposes

By Rebekah Hayes Following a consultation process that commenced in May this year, the government has approved the repeal of the Social Security (Categorisation of Earners) Regulations 1978 to the extent that they relate to entertainers, with effect from 6 April 2014… If you are registered and logged in to the site, click on the […]

Conyers Dill & Pearman’s Christopher Page joins Singapore office

Conyers Dill & Pearman has announced that Christopher Page has relocated to the firm’s Singapore office to further support the expansion of its practice in Asia. Having spent the early part of his career in Hong Kong, Page comes to Singapore with a wide range of experience in structuring offshore funds and advising on corporate […]

Weil Gotshal to defend £10m professional negligence claim

It’s not clear how Weil Gotshal & Manges feels about author William Boyd but ‘The Ice Cream Wars’ probably isn’t its favourite book. The firm has been hit with a £10m professional negligence claim by private equity house Bancroft after its sweet deal with a Slovakian ice cream company turned sour. Bancroft bought a 94 […]

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Job watch: Transport

Transport is a sector that offers a wealth of opportunities both for legal roles and puns, with government cash setting in train high-profile schemes and getting projects motoring. According to Red Law senior consultant Christopher Clark: “Transport has picked up considerably, a result of government investment in projects such as HS2, but also the rise […]

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