FCA review of competition in the wholesale markets

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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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money

Financials 2013/14: partner revenues reach new heights as market swings back into action

Freshfields Bruckhaus Deringer partners generated the highest revenue on an individual basis than any firm in the UK200 Top 10 in 2013/14, posting a revenue per partner (RPP) figure of £2.88m. The firm’s partnership numbers stayed steady over the last 12 months, increasing by one to 428 despite five lateral hires during the financial year. […]

Landmark

Which London sets reign on fees?

London’s top chambers reveal a stellar year so far with reports of increases in barrister revenues The 2013/14 reporting season is in full swing and early indicators are that many firms are back in growth mode. Can the same be said for London’s leading sets? Like many of their solicitor counterparts, barristers are under pressure […]

Company insolvency test is yet to come, says Eversheds’ Simon Waller

Simon Waller, head of the finance and restructuring group at Eversheds, has commented on news from the Insolvency Service that company liquidations in England and Wales decreased in April and June 2014. Waller said: ‘It is not surprising to see these statistics. A continued low-interest-rate environment, combined with support from lenders, has meant that the […]

Fieldfisher

Fieldfisher hires Bristows partner Grant to head its privacy team

Fieldfisher has hired Bristows IT partner Hazel Grant to replace Eduardo Ustaran as the head of its privacy team. Grant, who will begin work at Fieldfisher on 26 August, has been a partner at Bristows since 2009 and previously spent nine years at Bird & Bird. She specialises in data protection, and has worked for […]

Slaughters’ Asia ambitions heats up

Which firms spring to mind as having particularly dynamic strategies in Asia? Perhaps King & Wood Mallesons SJ Berwin? Or Herbert Smith Freehills? It’s a long shot that City stalwart Slaughter and May made your list. But maybe it’s time that perception changed. Slaughters has today made up yet another new partner in Hong Kong, […]

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