Self-regulation takes a back seat

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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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James Hunt seeks bigger share of Leicester work

Chris Fogarty reports The Chambers of James Hunt QC has opened an annexe in central Leicester in a bid to break into the traditionally tight-knit legal community there. The move has brought a cool reaction from within Leicester chambers, with one clerk saying he could not see why the London set had bothered to open […]

Insurance stalwart to call it quits

Fifty-year-old Covent Garden-based insurance litigation practice Alistair Thomson & Partners is understood to be planning to dissolve in September with all five equity partners going their separate ways. Michael Lent is believed to be going to Hammond Suddards, Martin Butterworth to Davies Arnold Cooper and practice development manager David Hartfield to be setting up on […]

A world of PFI opportunity

Few developments in recent years have excited as much interest among commercial lawyers in Northern Ireland as the Private Finance Initiative (PFI). Originally launched in 1992 by the Conservative government in an effort to harness private sector capital and skills in public sector infrastructure projects, the initiative came relatively late to Northern Ireland. However, there […]

Bristol warns LPC freeze may force course closure

BRISTOL University may be forced to close down its Legal Practice Course (LPC) in the wake of the Law Society’s decision to freeze the number of LPC places until 2000. A complete withdrawal from LPC provision is the most drastic of a number of options being considered by the university following the society’s decision, announced […]

Freshfields takes on US securities specialist

Solicitors and law clerks in the Irish Chief State Solicitor’s Office have taken industrial action in the wake of a hard-hitting management consultant’s report which found a “chronic shortage” of staff and resources. The protest, which involves some 40 solicitors and a similar number of law clerks, has taken the form of a “work to […]

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