OFT: We don’t want US-style class actions

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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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Neuberger: Law needed on national curriculum

Lord Neuberger wants to see law taught as part of the national curriculum and external funding made available for pupillages as part of wide-reaching proposals to reform entry to the bar. Neuberger’s working party today (27 November) published 57 recommendations for reform after working on the project for 14 months. The report urges wide-ranging measures […]

Wrong side of the tracks

The new Crossrail line linking East and West London is expected to add £20bn to the country’s coffers, but some in the capital will lose out during its construction. Simon Ricketts and Nikolina Babic examine the impact of the project With the Prime Minister’s recent funding confirmation and with Royal Assent of the Crossrail Bill […]

Andrew Fritchie: PartyGaming

What’s the toughest thing about your job?The number of spinning plates, each one of which would warrant significant endeavour if I had time. Name: Andrew FritchieTitle: General counselCompany: PartyGamingLives: GibraltarEducation:1976-83: Chosen Hill School, Churchdown1983-86: LLB (Hons), University College, Chichester1988: Called to the bar, Inner Temple2001-03: Executive MBA, London Business SchoolWork history: 1986-87: Group finance trainee, […]

Former FFW alliance partner hit by German defections

Former Field Fisher Waterhouse (FFW) German alliance partner Buse Heberer Fromm has lost almost half of its Hamburg office, with a trio of partners leaving to set up on their own. Partners Michael Nesselhauf, Volker Knies and Bernd Koch have taken seven associates to set up Nesselhauf RechtsanwŠlte. Two of the former Buse associates will […]

Dickinson Dees pulls in trio following Watson Burton raid

Dickinson Dees has taken on two new partners and a director in Newcastle and its growing York operations, despite the turmoil suffered by its volume business (see page 1). The recruitment spree follows the hire of Julian Gill, who was poached from regional rival Watson Burton for Dickinsons’ corporate recovery practice last week. “I think […]

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