Michelmores dishes out staff bonuses after turnover rises 15 per cent

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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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Avoid DPAs American-style

Before DPAs become law, we should scope out the pitfalls in the US system and learn from them quickly Deferred Prosecution Agreements (DPAs) will now be part of the law of England and Wales, so we must pay attention to the American experience and heed the warning signs. DPAs should be used as a complementary […]

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DWF launches redundancy consultations across Edinburgh and Glasgow

Lawyers and support staff in DWF’s Edinburgh and Glasgow offices have been put on redundancy notice as part of the firm’s wider restructuring programme. Lawyers and staff in the two offices were informed of the move yesterday by executive partner Alasdair Peacock. It is believed that fewer than 100 positions are at risk. In Edinburgh […]

The proposed French banking resolution rules and their impact on derivatives

Within the context of the international and European proposals on the resolution of banking crises, the French government published a draft banking law on 19 December 2012 proposing to ring-fence certain speculative banking activities and to introduce a number of measures for the prevention and resolution of banking crises under French law. After a first […]

AIFM toolbox — May 2013

The AIFM toolbox aims to provide reader-friendly access to the EU legislation relating to the AIFMD level one measures (Directive 2011/61/EU of 8 June 2011 on Alternative Investment Fund Managers) as well as the AIFMR level two measures (Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU with regard to exemptions, […]

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Keating Chambers senior clerk Child quits for Navigant

Keating Chambers senior clerk Nick Child is leaving the set to join Navigant Consulting as managing director and head of global market development for the company’s global construction practice. Child started work as a junior barristers’ clerk in 1988, spending his first three years with the chambers of J. Maurice Price QC in Lincoln’s Inn, […]

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