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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

Fried Frank hit by another European raid

French independent De Pardieu Brocas Maffei has raided the Paris office of Fried Frank Harris Shriver & Jacobson, snaring a seven-lawyer team. The group includes corporate partner Patrick Jais and intellectual property specialist Barbara Levy, both of whom joined Fried Frank in 2005 from French boutique, Veil Jourde. The team joined De Pardieu yesterday. This […]

37 in second redundancy consultation at LG

LG has launched a second redundancy consultation which could see up to 37 members of staff lose their jobs. Seventeen fee-earners including partners and an additional 20 support staff have their jobs under review. Managing partner Hugh Maule (pictured) said: “We’ve been reviewing all aspects of our business closely and cutting costs where possible for […]

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Herbert Smith advises on Nortel administration

Herbert Smith has won another instruction on an administration with a Canadian element, advising Ernst & Young (E&Y) on the administration of the European businesses of Canadian telephone manufacturer Nortel Networks. As reported on TheLawyer.com the firm also advised E&Y on the administration of oil exploration company Oilexco North Sea (19 January). On Nortel, the […]

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Freshfields launches US litigation practice

Magic circle firm Freshfields Bruckhaus Deringer has launched a US litigation practice after hiring a trio of partners from two leading US practices. Aaron Marcu and Adam Siegel join from the New York office of Covington & Burling while Benito Romano joins from Willkie Farr & Gallagher. At Covington Marcu was coordinator of the firm’s […]

IP special report: Crimes of fashion

Copying has long been viewed as part and parcel of the fashion industry. But as the downturn bites, designers and retailers are increasingly taking action to protect their brands. Copying in the fashion industry is certainly not a new phenomenon. What is new is the growing trend in litigation against copiers. Whereas in the past […]

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