OFT ordered to pay credit card costs in ‘unusual’ CAT decision

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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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Al Fayed fuming at Kirkpatrick negligence

Kirkpatrick & Lockhart Nicholson Graham was jubilant last week despite a judge’s ruling that the firm messed up when it advised Harrods owner Mohammed Al Fayed over the acquisition of Fulham Football Club. Kirkpatrick & Lockhart Nicholson Graham was jubilant last week despite a judge’s ruling that the firm messed up when it advised Harrods owner Mohammed […]

Burges Salmon falls behind Osborne in PEP stakes

South West firm Burges Salmon has seen its average profit per equity partner (PEP) fall below rival Osborne Clarke‘s for the first time in five years, despite a 13 per cent rise. PEP grew to £410,000 at the firm compared with last year’s £363,000 . However, Osborne Clarke’s PEP increased by 18 per cent to […]

White & Case boosts Frankfurt/London with dual hires

White & Case has raided Linklaters and Weil Gotshal & Manges to boost its London and Frankfurt finance groups. The New York-based firm has hired Weil Gotshal equity partner Tom Schorling in Frankfurt, focusing on acquisition finance especially in the private equity arena with clients such as Texas Pacific and CSFB Private Equity. At the […]

Fried Frank adds seven to partnership

New York-based Fried Frank Harris Shriver & Jacobson has promoted seven associates to the partnership, including two in London. Craig Arnott will head the firm’s European antitrust team in London and Rob McBride has been promoted in the London corporate team. The others are Michael Alter in the Washington DC tax department, Tommy Beaudreau in […]

Brand new approach

Modern firms need a brand identity. The right training can be a cost-effective way to ensure a consistent message. By Fiona Cunningham In conducting a review of training needs, matters such as increasing knowledge and developing skills are taken as read. These are the expected outputs from any investment in training, but with planning and […]

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