Poland: new support scheme for renewable energy sources

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Efficient arbitration, part 2: Launching an Efficient Arbitration

Kicking off our series on efficiency in arbitration, our first article, Efficient Arbitration – Part 1: Metrics sets out our idea of an efficient arbitration: Achieving the best possible outcome with the least amount of resources. A range of tools are available to focus the spending of resources. Resources should be invested, not wasted. The selection of […]

Hungary: Introducing the managing director without representation rights

Hungarian law has always permitted shareholders of a company to limit the power of the company’s managing director(s). Thus, it has also been allowed to appoint a managing director without any right to represent the company. However, so far, the limitation on the representation rights of a managing director could not be registered in the […]

Hungary: Influencers have been targeted by the HCA, but what about buying followers?

Society is undergoing a new industrial revolution – with the global development of the Internet, life has changed radically in just a few decades, and legislation can barely keep up with adapting to a situation that was previously unimaginable. The Hungarian Competition Authority (HCA) has also been monitoring developments and it has not been afraid […]

The time has come: Federal Procurement Act 2018 just around the corner in Austria

More than four years after the entry into force of the new EU Public Procurement Directive (2014/24/EU), more than two years after the deadline for transposition and more than one year after publication of the first transposition draft, the time has come. Following the respective resolutions of the Council of Ministers and the Federal Council […]

Hungary: Decline in turnover as grounds for dismissal

Under certain circumstances, companies may decide to restructure their internal organisation in order to: increase efficiency; reduce costs; or focus on other areas of operation. If a company’s turnover declines and its business is suffering, it may force decision makers to reorganise its operations, which often results in redundancies. Hungarian law generally requires employers to […]

Latest Briefings

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

Report of the Independent Review of the FOS is published

By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.

Efficient arbitration, part 1: Metrics

This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. In our series, we will explore various tools which serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration […]

Amendment of the Code of Conduct for Pharmaceutical Advertising

The Code of Conduct for Pharmaceutical Advertising (Code of Conduct) (In Dutch: Gedragscode Geneesmiddelenreclame) has been amended as of 1 July, 2018. The changes come as a response to the amendments to the policy rules providing guidance on the ban of inducements regarding medicinal products, which entered into force 1 April, 2018 (Policy Rules) (In Dutch: Beleidsregels gunstbetoon Geneesmiddelenwet […]

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No5 Chambers’ Michael Burrows QC prosecutes drug-dealing trial

A jury heard that Hayley Wilson, the wife of a drug gang boss, took some cash to her husband Karl in Jamaica, where he had fled as the police closed in. It was claimed she had been given £40,000 from a bundle of money handed by her husband to his cousin before leaving the UK. […]

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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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African firms: international lawyers don’t understand our market

African lawyers believe global firms do not understand the realities of doing business in their country and have a tendency to “fee-hog”, but remain highly dependent on work from international players.  Research carried out by consulting company Redstone shows that while global firms have woken up to the need to manage their African capabilities in […]

Wragge Lawrence Graham & Co advises Ambrian plc on its international merger

Wragge Lawrence Graham & Co’s corporate team has advised longstanding client and AIM-quoted Ambrian plc on its merger with Consolidated General Minerals plc (CGM). The principal asset of CGM, which de-listed from AIM three/four years ago, is a clinker grinding and cement packing operation in the port of Beira, Mozambique. With an installed capacity of […]

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