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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: ICS senior adviser switches to KPMG

Kate Moore, senior legal adviser to the Investors’ Compensation Scheme (ICS) for more than six years, has resigned to join the financial services team of Big Six accountancy firm KPMG. Investors in collapsed retirement advisory firm Knight Williams blame Moore for delays in settlement of their compensation claims, according to a report in The Times, […]

Law Soc calls for contingency fee legalisation after High Court case

The Law Society has called on the Lord Chancellor, Lord Irvine to legalise contingency fees – currently unlawful except where stipulated in the legislation allowing for conditional fees – in the Access to Justice Bill, following a “surprise” High Court ruling. On 9 February the High Court ruled that Birmingham firm Sydney Mitchell had acted […]

High Court backs multi-party actions

Roger Pearson says a failed attempt to derail two class actions could have major implications for similar cases in the future. Moves which could have resulted either in the striking out of two major High Court damages actions over leaks from a chemical factory or in their being swept into the relative obscurity of a […]

A blip on Wall Street's radar

The feeling remains that those UK firms which have set up beachheads are still very much small fry in an enormous pond. Richard Tyler finds that America’s finest are not exactly running for cover as the invasion by the UK’s leading firms gathers pace. When it comes to making it big in the world’s biggest […]

Tennis star courts libel case

Ivan Lendl, former world tennis champion, is heading for a High Court legal showdown in London with leading gossip columnist Nigel Dempster. Lendl has launched libel proceedings against Dempster and Associated Newspapers over an article in Dempster’s Daily Mail column on 28 July, which was headed “Lendl sets off without his love”. Lendl is represented […]

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