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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 28/6/99

Elizabeth Mason of Blackpool, whose husband Peter was cleared of drug trafficking offences, has launched a High Court action against the Crown Prosecution Service (CPS) for damages in respect of assets seized from her home. In her claim, Mason is also suing a receiver for damages for losses she blames on his allegedly negligent management […]

Lords uphold decision in Thai Trading

The House of Lords has ended the confusion over the legality of contingency fee agreements by refusing leave to appeal in a landmark Court of Appeal judgment. The decision marks a victory for Caversham-based Taylors in Thai Trading, which has been debated in Parliament. Its effects can be seen in the Access to Justice Bill […]

Property

Richard Pearlman & Co advised Citymain Investments, a company partly owned by Prestbury Group, in its acquisition of 188-213 Old Street, London, EC1. Richard Pearlman and Adam Draper advised on the deal, which is worth u23.2m, while Nabarro Nathanson acted for the vendor, Courtana Investments. Berwin Leighton acted for the purchaser’s funding source, KBC Bank […]

In brief: 1 Crown Office Row

1 Crown Office Row, the chambers of Mark Strachan QC, is moving to refurbished premises at 3 Hare Court. The move, which will take place at the end of the year, will enable all tenants at the general commercial and common law set to be housed on one site.

Wilde Sapte's exit rules attract French scrutiny

Wilde Sapte is bracing itself for a possible partner exodus if a judgment on its controversial policy preventing more than two senior equity partners leaving each year is ruled unlawful. The ruling by a French judge is due this week. Tom McDonald, a partner in Wilde Sapte’s Paris office, entered arbitration with the French bar […]

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