In brief: Lovells advises first US company on AIM

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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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In brief: Law Society calls for negotiated liability

People entering into joint enterprises should have the right to choose how they share responsibility if something goes wrong, according to a Law Society report sent to the Department of Trade and Industry. The Law Society is not in favour of the overall abolition of the legal principle that those who cause civil wrongs should […]

Bar takes foreigners in profile-raising bid

THE English Bar is to appoint up to six foreign lawyers every year as “honorary members of the Bar” in a bid to boost its profile and clients abroad. The Bar Council’s international relations committee proposed the idea to the Bar Council on 13 July and it was unanimously approved. The selection from the ranks […]

Death to the standard fees plan

“Let’s kill all the lawyers.” The Lord Chancellor may not have said this as such but the proposed model for Civil Standard Fees for Advocates, which landed on our desks last week, has a murderous quality. If the proposals are implemented without major alteration, I have no doubt that many barristers will be tempted to […]

Solicitor tells press Anton Piller details

A BLACKBURN solicitor who obtained an Anton Piller order in a bid to recover debts from a client, and then leaked information from seized documents to the press, has been described as “stupid” and “naive” by the barrister representing her. Sole practitioner Bushra Anwar admitted contempt of court at Preston High Court over her decision […]

Call for solicitor pupillage scheme

A LEADING City solicitor-advocate has called for the setting up of pupillage-style, in-house advocacy training schemes to make it easier for solicitors to win rights of audience. Richard Slowe, head of SJ Berwin’s advocacy practice, is drawing up plans to apply for the rules governing the awarding of higher court advocacy rights for solicitors to […]

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