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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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Clare Harris
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More top firms throw open doors to freshers

An increasing number of top 20 law firms are rolling out opportunities for first-year undergraduates in a further bid to attract the best talent. Hogan Lovells plans to follow in Simmons & ­Simmons’ footsteps by launching a dedicated week-long paid vacation scheme for first years. But the vast majority of firms surveyed by The Lawyer’s […]

1

Four councils set up shared legal panels

Four local authorities in the West of England have pooled together to appoint 12 law firms and 20 barristers’ chambers to a series of shared legal panels. North Somerset Council led on the new legal services framework agreement. Other consortium members include Bath & North East Somerset Council, Bristol City Council and South Gloucestershire Council. North […]

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Eversheds cuts 75 jobs as Accenture deal goes live

Eversheds has confirmed that 75 support staff jobs will be cut as a result of its outsourcing deal with Accenture. In August 2010 Eversheds announced that 100 jobs would be put at risk as a result of a seven-year agreement with Accenture to offshore human resources, administration, and finance roles (12 August 2010). Most of […]

Macfarlanes bolsters finance team with Clifford Chance hire

Macfarlanes has scooped a Clifford Chance structured finance partner as it looks to bolsters its debt capital markets and acquisition finance offering. Rachel Kelly, who joins the firm on Monday, has been a partner at Clifford Chance for 14 years, playing a key role in developing the magic circle firm’s structured finance and debt capital […]

Paul Bugingo

SNR Denton nurtures Mid East-Africa focus

SNR Denton has transferred London-based Africa specialist Paul Bugingo to Dubai as it aims to give its Africa practice a Middle East-Africa rather than London-Africa focus. The move comes as the firm seeks regulatory approval to launch offices in Beijing and Shanghai. Partner Bugingo, who co-chairs the Africa committee along with partners Geoffrey Wynne and Jeffrey ­Krilla, moved […]

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