In brief: Dibbs poaches KPMG accountant

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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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Electrifying deal

Freshfields has been appointed as the legal adviser to the Electricity Generating Authority of Thailand for phase one of the privatisation of its thermal power plants. Shares in the privatised power companies are expected to be floated initially on the Thai stock market in 1997. Freshfields will be coordinating the work from its office in […]

Fast track gets piloted after U-turn by Woolf

Lord Woolf has indicated that his proposed fast track for cases in the county courts will be piloted after all, despite his initial objections. Despite constant lobbying from the Law Society, the Legal Action Group, the Association of Personal Injury Lawyers and other professional bodies, neither Lord Woolf, nor the Lord Chancellor Lord Mackay had […]

'Crazy' accounting proposals will hit profit share schemes

Many companies will abandon employee profit-sharing schemes that pay bonuses in shares if they have to follow the Accounting Standards Board’s “crazy” new accounting proposals, say solicitors specialising in the schemes. Representatives of around 70 solicitors belonging to the Share Scheme Lawyers Group have written to the Accounting Standards Board asking it to scrap proposals […]

In brief: Survey shows split decision on elections

Barristers are divided over whether the Bar Council should emulate the Law Society and open up the election of its office holders to all barristers, not just members of the Bar Council. A survey of 1,345 barristers conducted by the Bar Council as part of its investigation into the accountability of the Bar’s ruling body, […]

In brief: Simmons helps out communities body

Simmons & Simmons undertook the legal work behind the setting-up of the Pan London Community Regeneration Consortium on a pro bono basis. The consortium helps voluntary organisations to form partnerships with public and private sector bodies to regenerate local communities. It is funded by the Single Regeneration Budget Challenge and will aim to improve the […]

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