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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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BA to boost competition law capacity

British Airways (BA) is bolstering its in-house legal team with the appointment of a senior competition lawyer. It is understood that the appointed lawyer will advise on a range of regulatory matters and will have autonomous control of the area. The new head of legal will also have responsibility for coordinating BA’s outside lawyers in […]

Hammonds partner to head internet firm

Leading Hammond Suddards corporate finance partner Richard James is leaving the firm to go in-house with a major client, Sports Internet Group. James’ new position is believed to be managing director of the sports division. His appointment is understood to be subject to board approval. “I can confirm that discussions with them are taking place […]

Celebrity Cochran plans US network

Celebrity lawyer Johnnie Cochran, who represented OJ Simpson during his murder trial, is merging his 30-lawyer LA practice with a New York firm to form the biggest plaintiff’s negligence firm in the US. The merger between Cochran Cherry Givens & Smith and Schneider Kleinick Weitz Damashek & Shoot to create a 61-lawyer practice, is the […]

Rumours fly as third partner announces exit from Stephens Innocent

Another partner is leaving Stephens Innocent amid speculation that senior partner Mark Stephens may also be planning to join another firm. Employment partner Deborah Annetts is the third partner to announce her exit from the seven-partner firm in a week, with Stephens rumoured to be in talks with another City firm about moving and setting […]

Ernst & Young opens Washington office

Big Five accountants Ernst & Young has established an associate Washington DC law firm by luring two tax partners from Atlanta’s King & Spalding. The new firm – McKee Nelson Ernst & Young – is backed by a loan from Ernst & Young and will be housed in the accountants’ Washington DC offices. The American […]

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