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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

In brief: 1 Crown Office Row

1 Crown Office Row, the chambers of Mark Strachan QC, is moving to refurbished premises at 3 Hare Court. The move, which will take place at the end of the year, will enable all tenants at the general commercial and common law set to be housed on one site.

Birmingham set in recruitment drive

Birmingham set 8 Fountain Court Chambers is on a major recruitment drive after losing barristers to rival chambers. It is believed to be in negotiations with Claremont Chambers in Wolverhampton. Its tenants are understood to have made a group application to join 8 Fountain Court. So far, only four offers are thought to have been […]

In brief: Herbert Smith

Law firms have some of the worst credit ratings in the country. A survey of 1.3 million sole traders and partnerships by ICC Information lists 28,000 legal and accountancy firms in the worst 10 per cent. The legal profession as a whole ranks 540 out of the 911 sectors surveyed.

In brief: Berwin Leighton

Berwin Leighton has appointed its first non-lawyer as head of department. Ian Beith replaces partner Bernard Bartlett as head of finance. Bartlett will now concentrate on fee-earning work. Beith was formerly the managing director of structured finance at Charterhouse Bank.

Cobbetts links with ex-council solicitor to win Walsall deal

Cobbetts has worked with a former local government solicitor to win a property deal for Walsall Metropolitan Borough Council, beating off competition from Eversheds and Wragge & Co. The Manchester firm joined up with sole practitioner and former local government chief officer Robin Mosley in order to pitch for the work. Mosley worked at Walsall […]

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