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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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Trouble at the top

The Companies Act has placed greater weight on directors’ liability in shareholder claims. Anthony Menzies reports on how the D&O insurance market is set for a boon As in so many things, the leading market for directors’ and officers’ (D&O) insurance protection historically has been the US, where directors of publicly quoted companies can expect […]

Finland’s Castrén bags non-lawyer director

Finnish independent Castrén & Snellman has brought in its first managing director from outside the firm, hiring Jukka Niemi from Scandinavian financial services group Nordea. Niemi is the first non-lawyer to assume a leading role at Castrén. He has been director of Nordea’s Basel II compliance programme since 2004 and before that was managing director […]

US shows arbitration infatuation

Two of England’s barristers found themselves being pushed out of a hot-air balloon last week. Well, sort of. At the American Bar Association bash last Wednesday, Clive Freedman of 3 Verulam Buildings and Steven Gee QC of Stone Chambers were made to jump out of a balloon during the debate on the best dispute resolution […]

DLA Piper reshuffles as Asia chief quits

DLA Piper is transferring its corporate chief to Hong Kong following a row over strategy and the resignations of two senior partners in the region. DLA Piper reshuffles as Asia chief quits” />DLA Piper is transferring its corporate chief to Hong Kong following a disagreements row over strategy and the resignations of its two most […]

Eversheds handed Severn Trent work

Eversheds has won another Tyco-style sole adviser role as environmental services group Severn Trent ditches its informal ties with more than 10 law firms. The deal means Martineau Johnson and Slaughter and May, which, according to Hemscott, have been legal advisers for Severn Trent, are among the firms to lose out. Severn Trent general counsel […]

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