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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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Derek Hardesty

The Lawyer Management: King & Spalding

Derek Hardesty, a partner and director of strategic projects at King & Spalding (K&S), took over the chief operating officer (COO) role at the US firm on 1 January from Patrick ­Glisson, who retired at the end of 2011. Hardesty joined the firm in 1995 as an associate in the products liability practice. After spending […]

Irwin Mitchell LLP accounts show dip into debt

Irwin Mitchell saw turnover rise by 17.2 per cent at the end of the last financial year to £184.1m from £157.1m, the firm’s LLP filings show, but internal investment resulted in a rise in net debt. The firm has spent much of the last year gearing up to its conversion to an alternative business structure […]

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Where is the common-sense guide to civilised separation?

People a lot more concerned with etiquette than I am will breathe a sigh of relief now that Debrett’s has produced a guide to civilised separation, which apparently includes such gems of advice as: “Don’t be vindictive: it may be tempting to throw your husband’s vintage wine down the loo or shred his best suit, […]

Linklaters picks Gray as new leveraged finance chief

Linklaters has appointed former Freshfields Bruckhaus Deringer partner Brian Gray as co-head of its leveraged finance practice, replacing global banking head Gideon Moore. Gray, who joined the firm from the magic circle rival in 2007 (25 June 2007), will co-run the team alongside current head Nick Syson. Moore exited the role after being appointed global […]

Norton Rose pushes global integration with local champions

Norton Rose has appointed local ‘champions’ as go-to people for partners around the world if they need someone to work on a deal with. The scheme forms part of an effort to ensure global integration following mergers in Australia, Canada and South Africa in the past two years. The firm went live with its merger […]

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