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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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A&O shows them the money

The prospect of earning £200,000 just five years after qualification rather concentrates the mind. But the Allen & Overy (A&O) associate reforms are not just about pay. The plight of A&O’s London lawyers has been well-documented. In August 2003 The Lawyer reported that associates revolted against a new time recording regime, which was perceived internally […]

CC finance heads set for four more years

Clifford Chance is set to confirm Mark Campbell and David Dunnigan for another four years as heads of banking and capital markets. Partners were informed today that after the close of the nominations, no candidates had come forward to stand against the incumbents. There is now the formal process of a vote to confirm the […]

Slaughters moves in with Euro friends

Slaughter and May has strengthened its ties with its European best friend firms, moving into new joint offices in Brussels. The UK independent is moving into the same building as Italian heavyweight Bonelli Erede Pappalardo, Paris-based Bredin Prat, Germany’s Hengeler Mueller and Spain’s Uria Menendez. The new offices are in the Square de Meeus in […]

Web week

The Lawyer’s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. When is a blawg not a blog? The rise of the blog has been unfettered and the ‘blawg’ – loosely defined as blogs dealing with issues of law – has […]

CC Italy head quits

Clifford Chance Italy managing partner Nick Wrigley is leaving the firm, sparking an unexpected local management election. Wrigley is joining renewable energy developer UPC Energy Partners, a client of the firm. He will remain of counsel to Clifford Chance in Italy. Last year Wrigley stood against then-London head Peter Charlton for the role of global […]

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