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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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Merck Serono appoints new UK, Ireland head

European pharmaceutical and biotechnology ­company Merck Serono has hired European Aeronautic Defence ;and ;Space ­Company (EADS) counsel Robert Fairless to head its nascent UK and Ireland legal capability. Fairless, who worked within the space division at EADS, has taken full responsibility for the UK and Irish legal function and has been charged with building up […]

Finers returns UK powerboat duo to pole position

Finers Stephens Innocent has successfully advised world powerboat racing ­champions Craig Wilson and James Sheppard on their appeal against a 100-point deduction and ­disqualification. The punishment was handed out after the UK duo was said to have ­competed in the Evolution class sprint race at the ­Italian Grand Prix of the Sea with engines that […]

DLA Piper joint chief exec Lee Miller re-elected

DLA Piper joint chief exec Lee Miller re-elected” />DLA Piper joint chief executive Lee Miller (pictured) has been elected to serve another four years as head of the firm’s US operations. The announcement means the leadership of the firm is likely to remain unchanged until at least 2013. This week it was revealed that UK-based […]

Brown Rudnick makes latest Bear Stearns hire

Brown Rudnick has become the latest firm to benefit from a string of departures from fallen banking giant Bear Stearns. The US firm’s London office has taken on former Bear in-house lawyer Sonya Van de Graaff as a partner in the bankruptcy and corporate restructuring group. Brown Rudnick has now hired three new partners in […]

Cadwalader loses partner number two since layoffs

Cadwalader has suffered its second partner defection since the firm announced record layoffs earlier this summer. Cadwalader Wickersham & Taft has suffered its second partner defection since the firm announced record layoffs earlier this summer. New York environmental litigator Andrew Perel has defected to the New York office of Steptoe & Johnson. Perel’s move follows […]

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