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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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Heliport hovers in the balance

The recent Court of Appeal ruling on moves to establish a unique floating heliport on London’s Thames has far from cleared up the question marks hanging over the proposals. Thames Heliport, the company behind the £1.5 million scheme, wants to convert the 150ft Father Thames, at present a floating restaurant, into a floating heliport. It […]

Herbert Smith tops PFI projects' league

The big five City firms have been pipped at the post by Herbert Smith when it comes to private finance initiative work, according to the first-ever PFI league table, produced by newsletter The PFI Report. The City firm has advised on 38 PFI projects with a value of more than £5 million, the largest number […]

EU time directive/termination payments. Up against the clock

Every lawyer is probably familiar with the European Working Time Directive, due to have been implemented by EU member states on 23 November 1996. The Press attention on the subject is hard to avoid. However, not all lawyers will be aware what precise form the UK regulations will take, as a result of the UK […]

Appeal Court finds employer liable for racial abuse at work

A Court of Appeal judgment which found a company liable for the racial abuse inflicted on a worker by colleagues has been hailed by the Commission for Racial Equality (CRE) as a groundbreaking ruling. According to Makbool Jav-aid, principal legal officer for the CRE and lead solicitor on the case, Raymondo Jones v Tower Boot […]

In-house. Getting in with the in-crowd

US lawyers have a reputation for being more business-minded than their UK coun- terparts, and nowhere is this better illustrated than in the role of the in-house legal adviser. While many UK companies are only just coming around to the idea that employing internal counsel is a good way of cutting costs, for years, US […]

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