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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

Stanley Tee takes on Couderts partner

International law firm Coudert Brothers is losing a partner to Hertfordshire legal practice Stanley Tee & Company. Jeremy Gillham is moving to set up and head a commercial property department at 12-partner Stanley Tee. He says: “This is a new challenge for a 47-year-old because it is a small firm with a big work ethos […]

Ashursts loses five from property dept

The exodus from Ashurst Morris Crisp’s property department is continuing as five lawyers prepare to leave the firm. Senior lawyer Stephen Law is leaving Ashursts to join his former colleague Peter Lloyd, head of property at US firm Squire Sanders & Dempsey, as a real estate attorney. Helen Willett, also a senior lawyer in property, […]

Only the top few can fight in salaries war

Clients warned this week that they do not want to fund pay increases for assistant solicitor salary rises at magic circle firms. Bonuses and increases should be paid by partners, they say. Or if not, then by higher leveraging. But the magic circle partners know that loss of business because of pay hikes is unlikely. […]

SLS expands into eastern Europe

Studio Legale Sutti (SLS) has announced major plans for expansion into eastern Europe. Talks have begun in the former eastern bloc countries and the firm expects to make an announcement at the end of the year. The Italian firm is considering establishing its own satellite offices in Sofia, Prague, Bucharest and possibly Tirana. Lawyers taken […]

Over here and over paid

It has been interesting to follow reports on the escalation of solicitors’ salaries which, except for the US dimension, is reminiscent of the mid-1980s when Gouldens determined to pay in excess of all City firms for newly qualifieds. Back then Gouldens decided on a heady £15,000 against a benchmark of around £12,500. What was less […]

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