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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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Pillsbury Winthrop and Shaw Pittman enter merger talks

San Francisco-based Pillsbury Winthrop and Washington DC’s Shaw Pittman have entered merger discussions, which – if successful – would gatecrash the top 20 US firms. Shaw Pittman has been hit by a number of partner departures in the US and in London and is specifically looking to increase its size in New York. The Big […]

Home security

As offshoring takes an ever firmer hold in the UK, Gilbert McClung examines new regulations that protect the vulnerable UK workforce The fundamental purpose of a company, however enshrined in its Memorandum of Association, is to maximise profits and shareholder returns. If the best way of doing this (at least in the eyes of the […]

Death chambers

The shooting baton that was carried so successfully last week by Freshfields head honcho Hugh Crisp (he of the 212 grouse fame) was picked up this week by David Baylis, head of private equity at Norton Rose. Baylis’s excuse for his no-show at this Wednesday’s (19 January) stellar Hot 100 party is that he’s taking […]

Cheap slate

The award for the shortest Christmas party goes to Lovells litigator Jon Holland. Having generously left his card behind the bar at a party, Holland was bemused, and possibly somewhat relieved, to find that the grand total of the tab was a stonking £5.60. That party must have been carnage.

Orrick creates Taiwan practice

Orrick Herrington & Sutcliffe has opened an office in Taiwan to provide IP services to technology clients there. The office is named Orrick Foreign Legal Affairs Attorneys at Law and is Orrick’s second base in Asia after Tokyo. The firm is looking to expand further in Asia after doubling the size of its Tokyo operation […]

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