Stones

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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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Unnatural selection

Finding your own conversational gambits used to be the mark of the averagely socially skilled lawyer. So there’s something faintly depressing about the notion that Camerons’ fee-earners need a computer program to help them swot up on discussion topics in advance of a cocktail party. It seems a very expensive way of prepping; surely a […]

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Simmons mulls Ireland launch after EU directive

Simmons & Simmons is scoping the Irish market as part of extensive scenario planning for its funds ­practice. The proposed EU ­Directive on Alternative Investment Fund Managers, which could cause hedge funds to relocate offshore, is causing Simmons to look at Ireland among a number of ­other jurisdictions. Managing partner at ­Simmons Mark Dawkins said: “It’s scenario […]

Stephensons prepares for office relocation

Stephenson Harwood’s City office will move from its current St Paul’s Churchyard home next spring after signing an agreement with Hermes Real Estate. The firm will take up a 15-year lease for six of the eight floors at 1 Finsbury Circus in 2011 as it continues to grow its fee-earner numbers. Chief executive Sharon White […]

Peter Sharp, Steve Davis

Dewey shows joined-up thinking as calls for a City chief are answered

London gears up for next level after two years of integration. It was the news for which many – if not most – of Dewey & LeBoeuf’s City-based partners had been waiting. Last week the firm confirmed that it had appointed its first resident London managing partner since the October 2007 merger of Dewey Ballantine […]

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The Capacities of Tony Baldry, a Barrister and MP

Our tale begins on 28 February 2010, where the Independent on Sunday published the following apology to Tony Baldry, a barrister and also a Conservative MP: “In our article “Tory MP accused over links to Nigerian politician” 14 February 2010, we reported that Tony Baldry MP had “lobbied” on behalf of a Nigerian politician James […]

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