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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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Nigel West

Nigel West has been cast into the limelight as Theodore Goddard’s head of banking – and he’s not a lawyer. Dearbiall Jordan finds out how he thinks he’ll fit in Nigel West is a mass of contradictions. On the one hand, the new head of banking at Theodore Goddard is clearly excited about being promoted […]

The Firm

Pratchard here. Tremendous news for you to spread among friends, fellow lawyers and the press. Fees for 98/99 rocketed to £20m, profits per partner up to £160,000, investment up, new clients up. Everything is up! Well done. Spread this joyous news. Now for the real figures, which are slightly disappointing once again. Fees are up, […]

Square Mile

It was suggested recently in this column (5 April) that national law firms are dogs that have had their day. The truth is that large national law firms have, in the past 10 years, increased their profile, profitability, size, quality client base and reputation in a way that challenges all but the very largest City […]

Beachcrofts offers performance-fees

Beachcroft Wansbroughs is launching what it claims to be a ground-breaking offer to clients to tie fees to performance in fast-track dispute resolution. The firm, which launches this week following the merger of Beachcroft Stanleys and Wansbroughs Willey Hargrave, says it will be the first firm to link fees to speed of settlement of insurance […]

Union backs freelancers in bid for paid leave

Roger Pearson The European Court of Justice is to consider a trade union’s legal challenge to government regulations which restrict the holiday entitlement of thousands of freelance workers who are employed on short-term contracts. The case, mounted by the Broadcasting Entertainment Cinematograph and Theatre Union (Bectu), has been referred to Europe by Mr Justice Sullivan. […]

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