Osborne Clarke astounds with 30 per cent profit hike

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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 […]

Recommended

BNP Paribas boss goes private

The former head of legal at BNP Paribas in Switzerland has left the investment bank for a second time to return to private practice, after moving to Pestalozzi Lachenal Patry. Gilles Thieffry (left), a former member of the executive board in the Swiss office of BNP Paribas, joined Pestalozzi’s Geneva office on 1 June as […]

Pro bono bus goes on national tour

National Pro Bono Week (7-11 June) is being launched with the help of a double-decker bus to encourage members of the legal profession into voluntary work. The specially-designed bus will tour Birmingham, Bolton, Bournemouth, Liverpool, London, Newcastle and Warwick. Lawyers will be able to board the bus for specialist training and in some locations free […]

How do you check yours?

With conflicts rules governing law firms once more under the spotlight, Joanne Harris investigates just how the City’s finest manage the process ALLEN & OVERY New York managing partner Mark Welling oversees Allen & Overy’s (A&O) conflicts checking procedure. He heads a global business acceptance unit made up of lawyers spread across the firm. On receiving new instructions, an […]

Growth spurt

Herbert Smith has long been one of the leading firms in its approach to learning and development. John Lucy provides the lowdown The past four years have seen significant changes in the way Herbert Smith approaches learning and development (L&D). In addition to forging good working relationships with well-respected educational establishments (Harvard, London and Said […]

Banks embark on Parmalat action

Stephenson Harwood has been appointed by several banks to coordinate fresh litigation against Parmalat. The new action concerns alleged misrepresentations made to the banks when they took over the troubled dairy company’s debt. Stephenson Harwood has assumed a ‘quarterbacking’ role, involving the management of separate, but connected, claims being planned in several states, which will […]

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