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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

Lovells partner goes to Guinness

CITY firm Lovell White Durrant has lost a partner to clients Guinness. David Harlock, a partner at Lovells since 1992, will join Guinness in February next year, where he will be responsible for all the property work, some general commercial work and managing relationships with external legal advisers. “I have been doing property work for […]

It's the quality that counts

Local authority legal services have traditionally focused on the quality rather than the cost of services. Historically, there was no need to cost individual services and work would be allocated by reference to the most experienced available fee earner, rather than the cheapest. This approach is no longer practicable without demonstrating that a more effective […]

Rhodes bows out at Dibbs

PAUL Rhodes, managing partner of Dibb Lupton Broomhead and one of the profession’s most talked-about lawyers, surprised partners last week by deciding to step down on 31 December. He is due to retire from the firm in 16 months. Often caricatured in the press as the pugilistic handler of a pack of rottweilers, the Cambridge-educated […]

Finance

Travers Smith Braithwaite acted for Westdeutsche Landesbank Girozentrale as arranger and agent in connection with a syndicated £125 million five-year term loan facility to Norwich and Peterborough Building Society. McKenna & Co acted on behalf of the society. The facility comprised a £115 million sterling tranche and a £10 million eurosterling tranche. The aim of […]

Seal of approval for liability review plan

SOLICITORS and their clients will be significantly affected by any legal changes resulting from a Government-driven review of the law of joint and several liability, claim partnership experts. If the review recommends such changes, it could herald the adoption of proportional liability. Ronnie Fox, senior partner of Fox Williams and a partnership law specialist, said: […]

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