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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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There is accounting for taste

Much like a visit to the dentist, an audit is seen by many as an unpleasant yet necessary fact of life. Yet on the face of it, the requirements of the 1890 Partnerships Act and The Law Society’s Solicitors’ Accounting Rules mean that law firms can escape with a much less probing examination than their […]

Government pledges to bring in limited liability legislation

The government has made its first firm commitment to introducing limited liability legislation in the UK. Ian Lang, the Trade and Industry Secretary, said in a parliamentary written answer last week that he would publish proposals for legislation before Easter, but did not reveal whether partnerships would have to disclose more financial information in return […]

Stress levels reduced after Hardwicke Buildings move

A change of venue has resulted in a change of attitude for barristers and staff at Hardwicke Building Chambers. The 70 tenants of the Lincoln’s Inn chambers moved from their cramped 6,000sq ft site to a new 17,500sq ft complex earlier this year. It was officially opened by Lord Woolf on 4 November. Chambers chief […]

Verdict on barristers hits TV

“Justice is not only about evidence,” states journalist David Rose introducing a six-part series that claims to lift the lid on the legal system. The first part of The Verdict, to be screened on BBC2 on Tuesday 12 November, shows how advocates play the jury system to win cases. In it Rose talks to “star […]

In brief: Pilot scheme for legally-aided mediation

Legally-aided mediation in divorce cases will be introduced gradually over the next three years in a four-stage pilot scheme. In a consultation paper released last week, the Legal Aid Board proposes to set up 20 to 30 centres around the UK by the summer of 1997. This number will be increased each year until the […]

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