Magic realism

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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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Judgment Call: 20 May 2013

Banking & finance Harbinger Capital Partners v Caldwell[2013] EWCA Civ 492. Mummery LJ; Lewison LJ; Neatson LJ. 9 May 2013 In assessing the value of Northern Rock shares prior to its nationalisation, and therefore the amount of compensation due to shareholders, an independent valuer appointed under the Northern Rock plc Compensation Scheme Order 2008 had […]

Pamboridis closes its Limassol office

As a result of the unprecedented decision of the Euro group on 15 March 2013, the recapitalisation of the two largest Cyprus banks and the subsequent recession, Pamboridis has decided to suspend the operations of its Limassol office. Since 1 May 2013, all Limassol personnel have been working out of the law firm’s Nicosia head […]

The Lawyer 2013 European 100

Thank you for purchasing The Lawyer European 100 (2013)To get immediate access to your comprehensive strategic overview of the European market, simply scroll down to the “Related Files” section of this page to download your reports. Over the coming months The Lawyer will be releasing a range of additional landmark research reports to add to […]

Post-termination restrictions: how useful is a stick without a carrot?

In a recovering economy, in order to grow business and gain a commercial edge many companies may look to recruit key employees directly from their competitors. Such employees will undoubtedly be aware of an abundance of commercially sensitive information. In that context, restricting the post-termination activities of employees is a necessary part of the business […]

financials
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Fantasy financial figures

Early results give distorted picture of the health of the profession It is financials season again and first out of the blocks are those firms that can boast growth for the 2012/13 financial year. It is The Lawyer’s experience that the doom-makers will hold off as long as they can to volunteer their figures. So […]

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