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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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US firm acts in $115bn mega deal

New York firm Cravath Swaine & Moore has advised on the biggest deal in history – a telecommunications merg-er worth $115bn. The 442-lawyer firm, which has offices in London, represented MCI WorldCom on its merger with Sprint Corp. Cravaths partners made over $2m last year – the second biggest average profits per partner in New […]

Stephenson Harwood shipping partner exits

Stephenson Harwood is losing key shipping finance partner Helen Boyle to Addleshaw Booth & Co’s banking department – a move which is generating huge interest among shipping specialists. Boyle’s move coincides with the resignation of two shipping assistants, John Sandhu and another, whom the firm is yet to confirm. Sandhu is heading for an investment […]

Lord Irvine slams LawSoc over QC stance

The Lord Chancellor has attacked the Law Society following its call for QCs to be abolished and announcement that it is boycotting the soundings process. In a furious letter to Law Society president Robert Sayer, Lord Irvine declares himself “deeply disappointed” with the society’s adoption of a public position before Sir Leonard Peach’s scrutiny of […]

SJ Berwin seeks French merger partner in Paris

SJ Berwin is in preliminary merger talks with two-partner Paris firm Cabinet Bersay. If the deal goes ahead it will mirror the firm’s expansion policy in Spain, where it merged with highly-rated Madrid practice Pazos Gallardo y Associados, and built up the business organically. SJ Berwin stresses the talks are at an early stage. It […]

Hammonds nets barrister for new advocacy unit

Hammond Suddards is poaching a barrister to head a nationwide advocacy unit that the firm is launching. Patrick Walker is leaving Leeds commercial chambers Chancery House Chambers in November to become director for advocacy at Hammonds. He will initially be overseeing the advocacy training of between 10 and 12 lawyers. But Peter Crossley, head of […]

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