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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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A VIEW FROM MEXICO

The frenzied merger activity that has taken place in the global legal market over the past few years has led to a series of link-ups between the major international firms and local law firms, and as a consequence, managing integration has become a critical skill. I experienced the challenge first hand when developing an office […]

Argles fills new chief executive role

South East firm Argles Stoneham Burstows has created a chief executive role which will be taken up by the former head of Alsop Wilkinson. Chartered accountant Christopher Honeyman Brown has been working as a consultant to the firm and joins from accountants Horwath Clark Whitehall. Honeyman Brown joined Alsop Wilkinson as chief executive in 1996, […]

Stibbe splits from Paris office after Latham talks

Paris pushed before it can jump; Latham & Watkins interested in only French, German and UK offices European law firm Stibbe is splitting following talks between the firm’s Paris office and US law firm Latham & Watkins. Partners in Amsterdam, Brussels, London and New York claim they are causing the split because of a disagreement […]

Stephens & Scown replaces chief with five-strong team

Devon and Cornwall firm Stephens & Scown has launched a new corporate-style management board to run the firm. The five-strong elected team takes over from senior partner Roger Keast, who retired on 5 April. It is led by the firm’s former deputy senior partner Ian Pawley, who becomes managing partner. The other members are private […]

MoFo ditches pay banding system for associates

San Francisco firm Morrison & Foerster (MoFo) is taking the unusual step of abandoning its traditional banded pay system for associates. Historically, the firm has given hourly-based bonuses on top of basic pay, which was set for each year group, but is to start paying all associates according to individual evaluations. It is believed to […]

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