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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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Triumph and tiaras

The Lawyer Awards, in association with Travelers, is the biggest night of the legal year. The top prizes went to RPC, No5 Chambers, Jones Day, PayPal and Royal Mail among others. To find out more about the winners, read below. RPC triumphs as Firm of the Year at The Lawyer Awards In-house interview: Yum! Brands […]

Human Resources & talent management

HR & talent management: Bending the rules

Recruiting, managing and incentivising a flexible workforce may be challenging, but both the firm and the individual benefit What are the most common types of flexible resourcing models you are aware of being used or considered? Ben Bennett, chief operating officer, Farrer & Co: Twenty-five per cent of the firm (including partners, fee-earners and support […]

Khaitan & Co advises Foliage on acquisition by Altran Solutions

Khaitan & Co has advised Foliage Software Systems Business Trust in relation to its acquisition by Altran Solutions Corp, a Massachusetts corporation of Foliage, and in turn the acquisition of Vignani Technologies, being a subsidiary of Foliage. Partner Aakash Choubey led the transaction and advised on the corporate aspects with assistance from executive director Daksha […]

London
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Nabarro turnover flat at £116.3m, while net profit rises to £34.1m

Nabarro has posted flat revenue for the 2013/14 year-end up 0.3 per cent from £116.3m to £116.7m, while average profit per equity partner (PEP) grew by 10.5 per cent from £430,000 to £475,000. Net profit has also increased, climbing 8 per cent, from £31.6m to £34.1m. It is the third consecutive year of net profit growth […]

Clifford Chance’s Layton schedules management cull

Clifford Chance’s new broom is getting started on the spring cleaning. Matthew Layton has only been in the managing partner job for a month but he’s already making good on his manifesto pledges. The new leader has scheduled a vote on slimming the management committee from 16 to nine next month. What’s more, the firm’s […]

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