In brief: Walford knighted in honours list

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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 […]

Recommended

Endowment trading may have legal snags

Solicitors with clients who invest in the traded endowment policies market have been warned to advise clients to guard against potential pitfalls when buying policies. Michael Lopian, of Manchester firm Lopian Wagner which acts for leading market maker Policy Portfolio in the area, says the rapid increase in investment in the field is revealing a […]

Finding the feel good factor

Robert Martin analyses The Lawyer/Coopers & Lybrand 1995 survey of firms’ financial management and finds good news It was another good year for the profession, according to the fourth annual The Lawyer/Coopers & Lybrand survey. It was also a year of contrasts. Profits were up, with more firms taking on professional staff, but climbing the […]

Jonathan Isted examines a new twist in the discovery debate

The recommendations in Lord Woolf’s interim report to the Lord Chancellor will send a shiver down the spine of any litigator who routinely deploys discovery “siege gun” tactics in the conduct of large cases. It is well known that the existing rules of Order 24 provide the opportunity for the parties and their advisers to […]

In brief: Ex-Clydes accountant faces fraud charges

The former chief accountant of City firm Clyde & Co has appeared in court charged with defrauding the firm’s partners of £600,000. Peter Penrose, who worked for Clydes for four years, recently appeared before the City of London Magistrates.

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