In-house teams keep more work

A survey just released by the American Corporate Counsel Association (ACCA) reveals that US in-house legal departments intend to cut spending on external lawyers and do more work themselves.

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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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Laundering law compromised

LAWYERS across the EU will be able to warn their clients that they are about to tip off law enforcement authorities over concerns that they are handling dirty money According to the final shape of long-debated reforms to the European Money Laundering Directive, client confidentiality will also be assured where lawyers are ascertaining a client’s […]

Akin energy ace plumps for Orrick

San Francisco firm Orrick Herrington & Sutcliffe is bulking up its Washington DC energy practice with the hire of a partner from Akin Gump Strauss Hauer & Feld. Merrill Kramer is currently chair of Akin Gump’s electric utility practice and joins Orrick’s global energy, communications and infrastructure practice group.Recent deals include: adv-ising the management group […]

2 Hare Court prepares for future law firm merger

Fraud and crime specialist set 2 Hare Court has taken the first steps to prepare itself for a future merger with a law firm. The set has appointed a chambers director as part of the financial restructuring plans that it believes may be necessary for establishing formal ties with a firm of solicitors.Although the chambers […]

Finers gets in on Virgin property instruction

Finers Stephens Innocent has advised Virgin Entertain-ment on the property aspects of its disposal of 77 Our Price shops to a UK subsidiary of Australian company Brazin.Around a further 20 Our Price shops are being sold elsewhere or rebranded as Virgin’s V shops. Of the 207 shops, all bar 97 have been rebranded. The sale […]

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