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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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Mayer Brown tees up Spanish alliance

Mayer Brown Rowe & Maw has entered into a strategic alliance with Spanish law firm Ramón & Cajal, extending the firm’s foothold into Europe. The US firm announced its tie-up with Madrid-based firm Ramón & Cajal today, a year after launching its alliance with Rome-based Tonucci & Partners. Mayer Brown partner-in-charge of the Paris office […]

Marks & Clerk opens office in China

Patent and trade mark attorney firm Marks & Clerk has launched an office in Shanghai, becoming one of the first UK IP agencies to open on the Chinese mainland. The firm has set up a three-person representative office to act as a meeting point for Marks & Clerk attorneys and Chinese IP clients. Keith Hodkinson, […]

Bakers scores trademark victory in L’Oréal appeal

Baker & McKenzie has strengthened its ties with cosmetics company L’Oréal after winning a trademark battle in the Court of Appeal. The firm is also working on a separate IP appeal for L’Oréal against Bellure, which is accused of copying the smell of the company’s range of perfumes. The appeal is due to be heard […]

EC slams Siemens cartel with biggest fine ever

The European Commission has meted out its biggest-ever fine against a single company for cartel involvement by landing German conglomerate and Gleiss Lutz client Siemens with a €396m (£261m) penalty. Siemens was fined for its lead role in a cartel in the heavy electrical equipment market. In total, the cartel was fined €750m (£494m), the […]

Atomic smitten

Herbert Smith owes a lot to David Willis. Had the London-based corporate partner not risked nuclear contamination the firm may not have secured Russia’s leading tax lawyer Oleg Konnov and M&A specialist Alexi Roudiak (The Lawyer, 22 January). Willis advised on the creation of the Nuclear Decommissioning Authority and is currently advising the Government on […]

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