Judge slams Wembley dispute’s £22m costs total

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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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House of Lords crossbench role for Pannick

Blackstone Chambers silk David Pannick QC has been made a non-party political peer by the House of Lords’ appointments commission. Pannick, who is well known for his work in the fields of public law, human rights and sports law, will continue as a tenant at Blackstone, combining his day job with acting as a crossbencher […]

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Legal Services Board gathers pace

The Legal Services Board (LSB) has appointed Chris Kenny as its first CEO. Kenny is currently project ­director of the transition team that is establishing the Legal Services Board. He will take up the new role in January 2009 and will work alongside LSB chairman David Edmonds, who said: “We’re making rapid progress in building […]

Trio of firms thrash out B&B rescue

Ashurst, Herbert Smith and Slaughter and May have all won leading roles on Bradford & Bingley’s (B&B) rescue. After a weekend of emergency talks, Spanish bank Santander will take over B&B’s savings ­business and branches, while the £50bn lending business will be nationalised. Herbert Smith corporate head Michael Walter advised B&B with corporate partners Will […]

It’s alive!

It’s alive! 10 October 2008A classic Mary Shelley moment today as the Law Society has discovered that the monster it created is alive and kicking. A classic Mary Shelley moment today as the Law Society has discovered that the monster it created is alive and kicking. Having set up the Solicitors Regulation Authority only three […]

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City firms move to safeguard client accounts

Several major City law firms are considering changing their terms of business in client engagement letters to take account of the current banking crisis. The firms, which spoke to The Lawyer on condition of anonymity, have indicated that the issue of safeguarding client accounts is actively under discussion. One magic circle partner said: “We expect […]

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