OFT scuppers mortgage deal

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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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Three's company for panel

Clifford Chance corporate assistant Guy Norman has been seconded to the Takeover Panel as a joint secretary for two years. He is the third member of the panel’s law team – a Herbert Smith and a Linklaters & Paines secondee are already on it. The panel chooses from City law firms in rotation.

Charles Russelll returns to Comdex

CHARLES Russell will be the legal world’s sole representative at the global computer exhibition Comdex/UK ’97, which is being held at Earl’s Court on 22-24 April. Partners and specialists from the firm will man a stand for the second year running. They will offer advice on information technology, communications and intellectual property law. “All the […]

A message for men

The third Woman Lawyer conference excelled itself this year, by putting Lord Woolf on the spot when, facing Jennifer Nadel, ITN’s Home Affairs editor, he conceded he would like to see consideration of a fast track to help women up the legal ladder. Obviously, he said, this did not mean positive discrimination, but a recognition […]

Taking economy classes

The quest for post-recession growth is forcing an increasing number of firms to take stock of how they manage their expenses. One of the main subjects that should be scrutinised by finance directors and senior partners is business travel and related expenses. European companies spend almost £94bn on business travel each year. This is often […]

A black mark against the black horse

Lloyds Bank faces what could, potentially, turn into an embarrassing and damaging confrontation with freelance photographer Nicholas Rogers. Not only is Lloyds being sued for alleged over-charging, but following its failure in the Court of Appeal last December to block the action, it now faces libel claims over statements made about Rogers’ account. The case […]

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