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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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Economic recovery pays off for in-house lawyers

Not only are opportunities to work in-house increasing but remuneration for doing so is too, according to two new surveys out this week. The first by recruitment agency BCL showed a marked increase in both salaries and bonuses in the regions over the last year. Earning potential for in-house lawyers with 10 to 12 years’ […]

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Ashurst raids O’Melveny & Myers and White & Case to bolster Asia practice

Ashurst has taken a trio of partners from O’Melveny & Myers and one from White & Case in a bid to boost its restructuring offering in Asia. It also hired White & Case’s Asia high yield chief and debt capital markets partner Anne-Marie Slot, in a drive to bulk up its high yield capability in […]

Summer sees firms slim down across Europe

Nobody wants to be carrying excess weight in the heat of the summer, and it seems law firms are no exception. This week has seen confirmation of two more international firms shutting down European offices, adding to earlier news that Sidley Austin is pulling out of Germany and both Hogan Lovells and Norton Rose Fulbright […]

Tim Skipper

Bonuses for business services professionals are not as easy as they seem

Bonus schemes for business services professionals have become commonplace, but hardly simple. According to our 2014 Law Firm Salary and Benefits Benchmarking Survey, no fewer than 82 per cent of the firms polled are now operating a bonus scheme for business services roles, with 76 per cent of those basing the amounts on how far firm-wide […]

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