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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

Litigation Writs 11/11/97

Hampshire County Council is being sued for more than £300,000 by two property development companies over its alleged failure to build the planned Southern Distributor road near Fareham within an agreed time. Beazer Homes (Yateley), of Bath, and McLean Homes South West, of Willenhall, West Midlands, are claiming £242,500 from the council, with interest of […]

Recruitment firm collapses

Nottingham-based legal head-hunter Wellman-Smith Central is talking to liquidators with a view to putting itself into voluntary liquidation. The two founders, husband and wife Karl Wellman-Smith and Liz Mitra, will go it alone as a partnership after the restructuring, specialising in executive search services for lawyers. The move comes as the legal recruitment market is […]

In brief: Co-operation Ireland launch UK legal arm

Non-political charity Co-operation Ireland will launch a lawyers group this week to support cross-border projects in Ireland. The charity, headed by Terry Neill, chairman of the Arthur Andersen board, will hold its first reception for lawyers at Collyer-Bristow’s offices on Wednesday. Also sponsoring the event is Allied Irish Bank, The Lawyer and Magrath & Co. […]

IBA Conference – India calls on foreigners to play on level playing field

The Indian Bar Association appears to have removed some obstacles to foreign lawyers setting up in its country – only to raise new ones. During the inaugural ceremony, Lalit Bhasin, honorary secretary-general of the Indian Bar Association, said international lawyers were welcome to come to India “so long as they practise on a level playing […]

Eversheds ponders its global strategy

EVERSHEDS is looking to expand in Europe and the Far East, either by opening its own offices or by linking up with an existing international alliance. Chairman Keith James said the firm would be appointing three senior partners “as soon as we can” to form a committee charged with the task of “implementing its international […]

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