Osborne Clarke suits French Connection for Farhi 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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SRA head: We need to treat solicitors as adults

Plant outlines priorities for change; corporate regulation group to be based in the City Transformation and modernisation are at the heart of the SRA’s agenda, SRA chair Charles Plant has declared. In a wide-ranging speech at The Lawyer’s sixth annual Strategic Risk Management Conference yesterday, he presented his vision of an SRA that promoted “modern […]

Ayesha Varda

Ayesha Vardag Solicitors

Family law boutique Ayesha Vardag Solicitors ­specialises in high-value, big-impact cases. And they do not come much bigger-impact than last year’s battle between German heiress Katrin Radmacher and her ­investment banker husband Nicolas Granatino. The firm’s strategy of moving Radmacher’s prenuptial agreement to the heart of her case not only helped generate the headlines, it […]

Postcard from… Port Moresby

Greetings from Port Moresby, the capital of Papua New Guinea, the country which is often referred to as the “land of the unexpected”.  Originally from New Zealand, I decided nearly four years ago to pack my bags and head on the usual overseas experience to the United Kingdom via Papua New Guinea.  Why PNG you […]

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Lockstep on last legs as Lovells switches to merit

Lovells’ decision to alter the remuneration system for its 114 junior partners will not only see its pay system better aligned with merger partner Hogan & Hartson’s, but will also see it join a growing movement away from lockstep and the chargeable hour as a basis for determining non-equity remuneration. Under the new system non-equity […]

Stephensons’ PQE pay model ditched

Stephenson Harwood has become the latest firm to move away from the system of remunerating associates based purely on PQE. The firm’s new system will see the retention of current pay brackets for associates, but means they will no longer be guaranteed to move up the scale after completing a certain amount of years. Instead, […]

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