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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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Weightmans hires new property head

Weightmans has appointed Clive Bleasdale as its new head of property, poaching him and a team of lawyers from North West firm Perkins Solicitors. Bleasdale, formerly head of property and founder of Perkins’ Liverpool office three years ago, will be based in Weightmans’ Liverpool branch. He and his team have previously advised clients including Swiss […]

McDermott Latin American chief joins Garrigues

Garrigues has signed up McDermott Will & Emery‘s head of the Latin American region to its New York office. M&A expert Xavier Ruiz joins the Spanish firm as a partner. Prior to working at McDermott, Ruiz worked at Baker & McKenzie.

Deutsche to ask law firms for rebates

Deutsche Bank is looking at introducing a system of rebates in a bid to slash its external legal spend The Lawyer understands that Deutsche is considering various fee structures as part of a global review of its external legal advisers, with the rebate system currently emerging as the most popular. The bank also considered the […]

Willkie Farr hit by loss of Frankfurt chief

Willkie Farr & Gallagher has been hit by the loss of its Frankfurt managing partner who has quit the US firm to launch his own practice. Outsourcing star Thomas Heyman, whose clients include Deutsche Bank, is also taking European counsel Jens Ekkenga and Lars Lendorf and several associates. As first reported in German legal magazine […]

Court of Appeal sides with legal professional privilege

The Court of Appeal last week clarified the duties of solicitors in reporting money laundering under the Proceeds of Crime Act 2002 (POCA). Lord Justices Brooke, Mance and Dyson were ruling in the case of Bowman v Fels. During the course of legal proceedings over the ownership of a house, Jennifer Bowman’s solicitors, Levine Mellins […]

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