Herbert Smith’s German ally shuts in Central Europe

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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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Davis Polk cuts associate bonuses

Davis Polk & Wardwell has followed the lead of US rivals Cravath Swaine & Moore and Simpson Thacher & Bartlett by halving its bonus payouts for 2008. The New York elite firm has announced to the firm that associates will receive year-end bonuses ranging from $17,500 pro rated for the class of 2008 up to […]

A&O remains top adviser to HBOS

Allen & Overy (A&O) has cemented its relationship with HBOS, according to the latest Hemscott tables, which rank law firms by the number of FTSE100 clients on their books. The firm has been confirmed as main adviser to the bank, having worked on both its £4bn rights issue and its potential takeover by Lloyds TSB. […]

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Field Fisher lawyers freed from Mumbai terror ordeal

Mark Abell and Christopher Jackson, the Field Fisher Waterhouse partners trapped in a Mumbai hotel siege, have been evacuated. Mark Abell (pictured) and Christopher Jackson, the Field Fisher Waterhouse(FFW) partners trapped in a Mumbai terrorist hotel siege, have been evacuated. As reported on TheLawyer.com, Abell was trapped in his room when the attacks began on […]

Rawlinson Butler

Rawlison Butler is not a firm that likes to splash its cash. Rawlison Butler is not a firm that likes to splash its cash. Managing partner Tim Sadka admits that the firm is conservative when it comes to spending, but feels this is a strategy that has served it well. With the economy now looking […]

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FFW in jobs consultation with 175 support staff

Field Fisher Waterhouse (FFW) has launched the largest redundancy consultation of the UK legal market so far, after starting talks with 175 support staff in London. The firm has 300 support staff, but has said that it is trying to minimise the losses, adding that at least 40 positions are under threat. A spokesperson for […]

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