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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

Eversheds expands in Newcastle

Eversheds’ Newcastle office is bolstering its banking department with the addition of a partner from rival firm Robert Muckle. Nick On, a partner in both banking and IT/IP at Robert Muckle, is leaving the firm after seven years and is serving a three-month notice period. He will join Eversheds in August. Ian Gilthorpe, managing partner […]

Edge Ellison ditches lockstep for performance-based pay

Edge Ellison has moved away from lockstep by introducing incentive-based pay for equity partners. The complex system of assessment seeks to reward both ability and performance, says new managing partner Simon Ramshaw. He describes the new system as scientific, rigorous and exacting. “A percentage of partners’ remuneration will be determined by performance in the year […]

Addleshaws steals Standard Life work from Herbert Smith

Herbert Smith has lost a huge chunk of its Standard Life panel work to Addleshaw Booth & Co. Addleshaws, which has advised Standard Life for more than three years, will take on 25 per cent of the property work normally handled by Herbert Smith. According to John Pike, head of property at Addleshaws, the firm […]

Religion's role in child welfare case

A recent case has, for the first time, forced the courts to consider whether religion should be a decisive factor when placing children with foster parents and how far the wishes of the natural parents should be taken into consideration in respect of their children’s religious up-bringing. An eight-year-old girl, known as “N” and who […]

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Allen & Overy, Clifford Chance sweep the board in PFI awards

The first awards for PFI work have seen Clifford Chance and Allen & Overy clean up. The PFI awards, organised by The Lawyer’s sister title, The PFI Report, recognised the most innovative deals struck in the sector over the last year. Allen & Overy advised on four of the eight winners. The deals included advising […]

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