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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

Bingham launches in Hong Kong

Bingham McCutchen is to increase its Asian practice by opening a three-lawyer Hong Kong office. US-qualified finance partner Catherine Walters will head to Hong Kong for the 1 January opening, with two associates including Angeli Arora, whose clients include the hedge funds that Bingham is hoping to service. Bingham will look to replicate its London […]

Beachcroft ready for cull to up profit

Beachcroft is to axe its London-based private client team as it embarks on a review of underperforming practice groups. The firm has begun consultations with partners, lawyers and staff in the three areas under threat. These are understood to be the firm’s professional risks team in Birmingham, projects in London, and the tax and trusts […]

New coalition stresses role of councils in fighting recidivism

A coalition of councils, probation boards and penal reformers has formed to lobby the Government to let local authorities play a greater part in tackling the UK’s chronic problem of criminal reoffending and in rescuing its overloaded prison system. The Coalition of Social and Criminal Justice, which has members including the Local Government Association (LGA), […]

Name partner Giuliani begins White House bid

Bracewell & Giuliani’s name partner and former New York mayor Rudolph Giuliani is a step closer to becoming the next US president. Giuliani, who is senior partner at the Texas-headquartered firm, filed papers on Friday (10 November) to create the ‘Rudy Giuliani Presidential Exploratory Committee’. An exploratory committee is a means for potential candidates to […]

Beachcroft’s profit drive kills off private client team

Beachcroft is set for a revolutionary restructuring in a bid to boost profit. The firm’s private client team is the first to be axed after a review of underperforming practice groups. London’s unremunerative projects team will be moved to Bristol and Birmingham’s professional risks department could go to Manchester or Bristol. The firm has begun […]

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