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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

Deringer for Beringer?

Although those in the running for the managing and senior partner posts at Allen & Overy (A&O) have vowed to run a clean election fight, the firm’s other partners seem to be leaving nothing to chance in making sure that outgoing senior partner Guy Beringer will not run again. Although those in the running for […]

Question of trusts

Sharia trusts’ use of forced heirship rights tends to fragment share ownership down the generations, in some cases sparking disputes. Toby Graham advises on what to watch out for. Trust and family disputes are on the increase. In particular, there is some vulnerability within sharia trusts – although there are ways in which these risks […]

Heller Ehrman revenue drops after string of settlements

West Coast-based US firm Heller Ehrman has followed New York’s Cadwalder Wickersham & Taft as the second US firm to record a drop in revenues and profit in 2007. Heller’s turnover dipped 2 per cent to $491m during the last financial year while average profit per equity partner dropped slightly from $1.035m to $1m. Heller […]

Linklaters launches Dutch insolvency team with Simmons hire

Linklaters has launched a restructuring & insolvency practice in the Netherlands with the hire of a Simmons & Simmons partner. Corporate recovery lawyer Paul Kuipers joins Linklaters’ Amsterdam office today as counsel from Simmons’ local office. Global head of restructuring & insolvency Tony Bugg said: “We are seeing an increasing demand for restructuring & insolvency […]

Arrow escape

Norton Rose is apparently very happy living next to London mayor Ken Livingstone’s City Hall offices by Tower Bridge. So much so that the firm held a family fun day in the summer. Norton Rose is apparently very happy living next to London mayor Ken Livingstone’s City Hall offices by Tower Bridge. So much so […]

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