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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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Eversheds staff face axe if outsourcing pilot successful

Further support staff roles could be cut at Eversheds if a documentation outsourcing scheme is implemented at the firm. In mid-May, Eversheds launched a pilot in Cambridge with the ultimate aim of outsourcing its standard documentation processing. The firm will review the scheme in mid-July. If management gives the scheme the go-ahead the firm could […]

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FSA hits two US firm partners with insider dealing charges

A partner at the London office of Dorsey & Whitney and a former partner of McDermott Will & Emery have been charged with insider trading by the Financial Services Authority (FSA), it emerged today. According to a report on the Bloomberg financial news service, Dorsey corporate partner Andrew Rimmington and former McDermott partner Michael McFall […]

Pound weakness helps Lovells report turnover rise of 11 per cent

The massive impact of sterling’s decline against the euro and the dollar has helped bolster Lovells’ 2008-09 financial results, with the firm posting a rise in revenue of 11 per cent over the past financial year. Having reported a turnover figure of £479m at the end of the 2007-08 financial year, the 11 per cent […]

Mediation: the next frontier?

The beauty of mediation is its simplicity. It has made a real impact on the dispute resolution landscape and is here to stay. The obvious question therefore is, where does mediation go from here? The forthcoming Annual Bar Conference will host a debate on mediation from four perspectives. A judge who approves of mediation but […]

Mishcons snares Hunter for construction role

West End firm Mishcon de Reya has hired Finers Stephens Innocent (FSI) partner Simon Hunter to head its construction team. The newly created position will see Hunter head a team of three partners. At FSI, Hunter led the construction practice for three years. He specialises in contentious and non-­contentious issues and will form part of […]

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