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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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Fladgate LLPs reveal £1m loan funded Covent Garden move

London firm Fladgate took out a £1m loan to fund its move to a new office near Covent Garden, its 2009-10 LLP accounts have revealed. The loan – part of a revolving credit facility to fund the relocation to Great Queen Street secured against partners’ fixed capital – contributed to the amount to be paid […]

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Fixed fees, senior service, outsourcing: is that enough to make Radiant shine?

The technology ­boutique that launched last week with lawyers from ­Barlow Lyde & Gilbert (BLG), Latham & Watkins and Morrison & Foerster (MoFo) is considering ­radical plans that would see its associated business take over an in-house legal ­function. The ambitious move chimes with the firm’s ­statement that its legal arm is a ’trailblazer’ in the […]

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Simmons puts China and Germany growth ahead of US merger

Simmons & Simmons has put finding a US merger on the backburner, preferring to focus on investment in Germany and China. Managing partner Mark Dawkins told The Lawyer that, although the firm was not pursuing a US merger, last year’s talks with Mayer Brown made him realise “that we sometimes underestimate how strong our name […]

Harneys and Collas Day announce annual promotions

Harneys and Collas Day have kicked off this year’s offshore promotions round with the former adding three new partners and the latter one. Indira Birkwood, Nancy Erotocritou and Philip Graham have been made up in Harneys’ London, Cyprus and British Virgin Islands (BVI) offices respectively. The firm now has 27 partners. Birkwood and Erotocritou are […]

Michael Stevens

Cripps re-elects senior partner for second term

Tunbridge Wells-based Cripps Harries Hall has re-elected Michael Stevens as senior partner for a second term following an uncontested election. Stevens first took up the role in May 2006 when he took over Andrew Fermor, who had held the position since 1998 (30 January 2006). During his time Cripps Stevens has helped pioneer the firm’s […]

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