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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

Swepstones sues former colleague

THREE partners at London firm Swepstone Walsh are suing former partner Ronald Pattison for compensation over a loan. Pattison, who ceased to be a partner last October, is being sued for u26,685 with interest, an indemnity for the amount of an outstanding individual loan, and a declaration that he is liable to pay the three […]

Open this mutual exclusion zone

On 23 June the results of the qualified lawyers transfer test were published, giving the names of those already qualified lawyers who have successfully met the Law Society’s requirements in passing further tests to become solicitors. Those from foreign jurisdictions will then gain an additional qualification, whereas the barristers qualified in England might well be […]

Financings

Wyko Group was advised by Wragge & Co in its one for two rights issue to raise around u7.85m.

Mediation course sees first batch of lawyers

FIFTEEN lawyers are expected to attend the first training event of the new Divorce Mediation and Arbitration Centre in London next month. The week-long course will provide the first step in qualifying solicitors and barristers for membership of a national panel of mediators and arbitrators. Open to family law solicitors of 10 years’ standing and […]

Finding the Feel Good Factor

Robert W Martin analyses the findings of The Lawyer/Coopers & Lybrand 1995 Survey of Firms’ Financial Management It was another good year for the profession, according to the fourth annual TheLawyer/Coopers & Lybrand survey. It was also a year of contrasts. Profits were up, with more firms taking on professional staff, but climbing the ladder […]

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