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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 promotes 82 to senior associate

Lovells has promoted 82 lawyers to senior associate position, with the bulk of promotions being made outside the UK. Forty-seven of the promotions were made in continental Europe, 24 in the UK, six in Asia and the Middle East, and five in the US The promotions follow the firm having made up 46 lawyers to […]

Duane Morris London moves next door

US firm Duane Morris has moved into a new London office to pave the way for the expansion of its core practice areas. The firm is targeting litigation, insurance, corporate, IP, insolvency and employment as areas of growth in the City. London co-managing partner Susan Laws said: “The much-improved office space will allow us to […]

Bar Council, BSB gear up for LSA and continued globalisation

The annual reports of the Bar Council and Bar Standards Board (BSB) show that the bar is committed to aligning itself for the Legal Services Act (LSA) and to the globalisation of legal services. Bar Council chairman Tim Dutton QC said the bar now accounted for 10 per cent of the £20bn worth of legal […]

Web week

The Lawyer’s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@thelawyer.com. Everyone knows that you can walk into any bar in the US and instantly become a welcome member of […]

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Hammonds posts 9 per cent drop in PEP

Hammonds’ average profit per equity partner (PEP) plummeted by £37,000 in the past financial year while global turnover saw a 3.4 per cent rise to £132m. The firm blamed a variety of infrastructure investments, its Spanish office, a difficult market and the reorganisation of its equity structure for a 9 per cent drop in PEP […]

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