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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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Wragge & Co launches redundancy consultation with 30 at risk

Wragge & Co has put up to 30 full-time equivalent support staff at risk of being made redundant in London and Birmingham. Wragges today confirmed that it was planning to restructure the support team. Under the proposed structure, new document production centres and concierge hubs will be managed by a third-party provider Intelligent Office, it […]

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Bird & Bird snares franchising duo from FFW after Abell hire

Bird & Bird has hired two franchising partners from Field Fisher Waterhouse (FFW) following the recruitment of high-profile IP and IT head Mark Abell. The firm has picked up FFW franchise disputes head Victoria Hobbs and fellow partner Graeme Payne, who both joined Bird & Bird yesterday (7 May). The two were widely tipped to […]

Promotions chart 060513

Partner promotions drop

Partner promotions in the UK drop in top 20 firms to levels lower than 2009 UK partner promotions among the top 20 firms have dropped to 2009 levels in what could be a sign that 2012/13 financial results will be flat at best. The top 20 firms collectively made up 111 partners in the UK […]

London
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Freshfields partner Donald Guiney quits for Baker & McKenzie

Freshfields Bruckhaus Deringer corporate partner Donald Guiney is to join Baker & McKenzie after 16 years at the magic circle firm. US-qualified Guiney, who joined Freshfields in 1997, will join the firm’s London capital markets group as of counsel in September and will not be bringing anyone over with him. He specialises in international debt, […]

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Fulbright London partners clinch opt-out from Norton Rose’s UK LLP

A group of Fulbright & Jaworski partners in London have negotiated a reverse lock-in that ringfences them against Norton Rose’s UK business for two years from the firms’ merger next month, The Lawyer has learnt. At least two City partners will remain members of the legacy Fulbright LLP headquartered in the US and go on […]

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