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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 […]

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 […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

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Clyde victory sees subcontractors liable for asbestos exposure

Clyde & Co has won an asbestos case in the Technology and Construction Court that means subcontractors can be found liable for asbestos exposure. Clyde & Co has won an asbestos case in the Technology and Construction Court that means subcontractors can be found liable for asbestos exposure. In a four-year legal battle, Southfield School […]

Simmons rebuilds Hong Kong team with new corporate star

Simmons & Simmons is putting its Hong Kong woes behind it and has made a key partner hire from Stephenson Harwood & Lo (SHL). Corporate partner Allen Wong has joined Simmons’ Hong Kong office, working under office head and global head of corporate Damon Le Maitre-George. Wong has particular experience in foreign direct investment and […]

Clifford Chance partner cleared of Deutsche Bank shredding

Clifford Chance partner cleared of Deutsche Bank shredding” />Clifford Chance partner Kersten von Schenck has been cleared of any wrongdoing after shredding meeting notes from a client’s AGM. As first revealed on www.thelawyer.com (26 January) Frankfurt-based partner Schenck, who acted as notary to Deutsche Bank, faced criminal charges after shredding the first draft of the […]

Survival of the fittest

Is the white, male lawyer a dying breed? Law firms can be proactive in supporting minority groups and still employ according to merit, says Monica Burch Is the UK’s white, male lawyer at risk of becoming extinct? Assume that law firms are taking no steps whatsoever in relation to diversity. The profession is nevertheless changing […]

Regulation: finding the right balance

The typical governmental response to any public crisis was best summed up by Sir Humphrey Appleby when he said: “Something must be done; this is something; therefore this must be done.” Government legislates because it can, because the public demands it and because it satisfies the need for action. The question as to whether the […]

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