Petronas zooms to head of Field Fisher client list

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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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Watson Farley turnover passes £50m mark

Asset finance specialist Watson Farley & Williams managed a 6 per cent increase in turnover for 2001/02 Watson Farley’s turnover exceeded £50m for the first time, increasing by £3m to £52m. Fees per fee-earner rose by just over 10 per cent to £285,000, and profits per equity partner increased by 8.5 per cent to £348,000 […]

Linklaters mergers hike turnover by 25 per cent

Linklaters has posted a strong increase in revenues for the last financial year, with turnover up 25 per cent to some £631m Much of the rise is accounted for by its series of mergers, including Oppenhoff & Rädler in Germany, De Bandt Van Hecke Lagae & Loesch in Belgium and Lagerlöf & Leman in Sweden. […]

Penningtons' turnover up £1m

Penningtons’ turnover has increased by £1m (5.7 per cent) to £18.5m However, profits per partner are expected to be slightly less than last year’s figure of £143,000 because the number of equity partners has increased from 20 to 36. Property remained the biggest earner, bringing in around 35 per cent of total revenue, with the […]

The Leader Column

The signs were always there. When Hammonds senior partner Chris Jones was being interviewed about his firm’s year-end figures, he suddenly came out with something rather pointed about the firm’s corporate recovery and insolvency group, which he admitted had not performed as strongly as had been expected. “The market for insolvency was interesting,” he told […]

Judges accused of running 'flawed' wasted costs system

Judges have come under fire for making the wasted costs system an expensive and often time wasting operation A report by 4 New Square barrister Hugh Evans describes the controversial system as “flawed” and full of procedural complexities and faults that may include a breach of the Human Rights Act and natural justice.Among the damning […]

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