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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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LG: Penny Francis

LG’s partner profits fell last year. So can new offices, a new name and a new international strategy help the firm regain some momentum? When LG (formerly Lawrence Graham) announced in June a flat revenue of £66m and a drop in average profit per equity partner (PEP) from £465,000 to £445,000 for the 2006-07 financial […]

Gómez-Acebo in London leap after global review

Gómez-Acebo & Pombo has named project finance partner Fermín Garbayo Renouard as head of the firm’s new London office in anticipation of a September launch. The Spanish firm will launch its City office in Mansion House, taking a 200 sq m space. Garbayo will move along with two or three associates. He will concentrate on […]

Morgan Lewis moves to double headcount

The London office of Morgan Lewis is moving to new premises to prepare for a doubling in lawyer numbers. The 35,000sq ft office, located on the second and third floors of Condor House near St Paul’s Cathedral, is 50 per cent larger than the firm’s current base on Gresham Street. Morgan Lewis managing partner Robert […]

Sony set to appoint two UK in-housers

Sony is ramping up its European in-house capability by creating two new roles based in the UK. The company has set up Sony Home Entertainment as a new business unit and is on the hunt for a legal counsel to join the enterprise as its first and only lawyer. The US arm of Sony is […]

Keeble Hawson advises start-up financial adviser support service

Yorkshire law firm Keeble Hawson has scored a deal advising independent financial adviser (IFA) support network 2plan on its start up. Leeds-based 2plan, which will provide a back-office system for IFAs across the country, has been set up by directors Chris Smallwood and Chris Davies with life office giant Standard Life taking a minority stake. […]

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