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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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Scotland’s firms hold their nerve

With just over a week to go until Scotland decides whether to maintain a 300-year-old union or branch out on its own again, its law firms are feeling the effects of referendum fever. And not necessarily in a good way. As this week’s feature explores, the impending plebiscite on Scottish independence has had a cooling […]

Mishcon set to turn from partnership to full-equity LLP structure

Mishcon de Reya is to vote next month on converting to an LLP and bringing all of its salaried partners into the equity. The firm will transform its current partnership structure with 65 fixed-share partners and 37 equity partners to a full-equity LLP next year, dependent on a yes vote. Mishcon also lodged a formal application to […]

Freshfields goes for deals gold with elite US hires

In the past few months, Freshfields Bruckhaus Deringer has gone through its very own transfer season to try and beat the competition in the US market. The struggle across the Atlantic continues with magic circle firms trying to claw back lost ground and cement global deals in the US leveraged finance market. This week Freshfields […]

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Osborne Clarke’s former ally De Wolf sets out independence stall

Osborne Clarke’s former Belgian ally De Wolf & Partners has set out a new growth strategy, with plans to expand its work in Africa as well as Europe. The repositioning comes with the appointment of partner Gérald Stevens as managing partner, replacoing Luc Stalars, and follows the firm’s decision not to merge with Osborne Clarke […]

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Marketing directors, £477,000 and the great salary debate

High marketing salaries don’t mean the world has gone mad. I read the debate/noise/nonsense/informed discussion (please delete as appropriate) the other week on the salaries of law firm marketing directors. Well, one salary in particular (‘Marketing chiefs at City law firms pocket salaries of up to £477,000’). Here are a few thoughts around this broad […]

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