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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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Fried Frank offers hand of friendship to Ashursts

Fried Frank Harris Shriver & Jacobson has vowed to continue working with Ashurst Morris Crisp, despite last week’s final snub by the UK firm after protracted merger negotiations.Fried Frank’s co-managing partner Valerie Ford Jacob told The Lawyer: “We will continue working with Ashursts as we have in the past.” The original relationship was founded on […]

UK network wins battle over LawNet name

Regional law firm network LawNet has just won a trademark battle against a US legal organisation of the same name. The battle started when the US Lawnet sponsored seminars at a conference in Birmingham, which UK Lawnet members attended believing it was their event. LawNet UK Operations Director Adrian Dion said the matter was resolved […]

Foreigners set for piece of Norway’s law firms

A Government-appointed committee has taken the first crucial step towards opening ownership of Norway’s law firms to foreigners. The move would pave the way for DLA to step up its merger plans with pan-Nordic ally Lindh Stabell Horten, and would allow other firms with a strong interest in the oil industry to establish closer links. […]

Bahl proceeds with new attack on Law Soc

Kamlesh Bahl (left) has launched another discrimination claim in the Employment Tribunal against the Law Society. Bahl, former vice-president of the society and now a member of its ruling council, won her first discrimination claim against the society in the Employment Tribunal in July 2001. Although Bahl is a member of the Law Society Council, […]

Singapore FTA gives little away

The Singapore-US Free Trade Agreement (FTA) signed last week has disappointed US law firms by making little concession towards opening up the legal market to US competitors. A letter from Singapore’s minister for trade and industry to the US ambassador in the region Robert Zoellick confirmed that Singapore will admit to the local bar US-qualified […]

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