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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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Freshfields loses FTSE 100 client

Freshfields is losing a major client – aerospace giant LucasVarity – following its takeover by US-based autoparts and space group TRW. TRW completed its take-over of FTSE 100 company LucasVarity this month. Virtually all corporate legal work will now be US-based, although the operations side of the business is not affected, says LucasVarity’s general counsel […]

…as court rules on regional fees

MANCHESTER law firms were given a boost in the Court of Appeal after judges declared that claimants should use local firms and not London firms in Manchester-based cases. The ruling throws into doubt the ability of London firms to charge London rates in provincial court cases. The court decided that a judge assessing costs in […]

Herbert Smith silk in bias row

A Herbert Smith partner, sitting as a deputy judge, has come under fire for refusing to step down from a case in which he is accused of having a conflict of interest. Lawrence Collins, one of the few solicitor silks, ruled there was no conflict of interest in hearing a property case in the Chancery […]

St Philip's adds top QC and four juniors to its growing portfolio

The biggest chambers in the UK, St Philip’s Chambers in Birmingham, is continuing its rapid expansion by poaching five barristers from rival sets. The influx is being led by commercial and family silk, Heather Swindells QC, who joins from leading London set 36 Bedford Row. Swindells, a recorder, is founder and chairman of both the […]

Quote of the week

“There is no place in our judicial system for an ancient, insanitary, decaying mass of congealed horsehair.” – Andrew Dismore, MP for Hendon, who tabled an amendment to the Access to Justice Bill seeking to abolish wigs as the Bill progressed through its Commons committee stage.

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