High-flying lawyers' pay set to soar

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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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Three TKB lawyers to join rival

THREE construction lawyers from Turner Kenneth Brown are defecting to City firm Taylor Joynson Garrett. The three include partners Peter Smith and Giles Dixon, TKB’s construction department head, who join TJG as partners in January. An assistant is also leaving. TJG managing partner Richard Pertwee says: “They bring entirely complementary contacts and experience to our […]

Mind sets up legal referral network

MENTAL health group Mind has set up a legal advice network for referring clients to solicitors across the UK. Six hundred lawyers are taking part in the scheme which is an extension of the charity’s free legal help line. Legal officers Kate Harrison, Camilla Parker and Rhys Davies answer correspondence and two afternoons a week […]

Fraser Smith in portfolio drive

Financial advisory consultant Fraser Smith is launching a major marketing drive aimed at convincing law firms not to take their investment management business in-house. The firm has spent 18 months developing an asset management introductory scheme among accountants and solicitors, aimed at providing rock bottom asset management charges by fund managers by consolidating introduced business […]

Investment limit increase mooted

The Law Society intends to apply to the Securities and Investments Board (SIB) to increase the limit of investment business firms can conduct but still be regulated by the society. Stewart Bushell of the society’s monitoring unit says that it wants to increase the proportion investment business can contribute from the 20 per cent of […]

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