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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

Shepherd & Wedderburn CEO on coming back from the brink

It’s been a tough few years for Shepherd & Wedderburn’s CEO Stephen Gibb. The firm’s turnover stagnated in and around the £30m markand the ‘Scottish big four’ group dissolved when Dundas & Wilson and McGrigors merged. But while market commentators were predicting doom and gloom, Gibb had no doubt that the firm was in good […]

Money

Hogan Lovells posts 3.6 per cent rise in 2014 revenue to $1.78bn

Hogan Lovells has posted a 3.6 per cent rise in global revenue to $1.779bn (£1.16bn) in 2014 in its year-end firm-wide results. The rate of growth spurt is slower than the year before, when Hogan Lovells’ revenue jumped by 5.2 per cent to $1.718bn.  Average profit per equity partner (PEP) increased by 0.8 per cent […]

Aviation and maritime

Specialist enforcement services for the recovery of aircraft and ships under a High Court writ of delivery.

Los Angeles

Paul Hastings hits $1bn revenue mark with 6.3 per cent hike at 2014 year-end

US firm Paul Hastings has posted a 6.3 per cent increase in revenue in its year-end financial results for 2014, growing from $941m to $1bn (£649m). Profit per partner increased by 8.5 per cent, from $2.17m to $2.36m, and Paul Hastings’ revenue per lawyer grew by 8 per cent from $1.06m to $1.1m.  The firm’s […]

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