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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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Withers/Speechly merger: Why the tie-up talks unravelled

A merged Withers and Speechly Bircham would have scaled The Lawyer’s UK 200 with a turnover of about £170m, and created one of the world’s largest specialist private client teams. So what went wrong? It emerged last week that the proposed merger between Withers and Speechly Bircham had fallen through after partners voted against the […]

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Travers to promote firm-wide diversity week in wake of pregnancy discrimination ruling

Travers Smith will review its training contract programme and invite all partners and staff to take part in its first Diversity Week in the autumn in the wake of an Employment Tribunal ruling against the firm. The tribunal dismissed all but one of former trainee Katie Tantum’s unfair dismissal claims and pregnancy discrimination against Travers […]

Power 30 list names Conyers director Fawaz Elmalki as industry leader

Conyers Dill & Pearman’s Fawaz Elmalki has been recognised in the 2013 MENA Fund Manager Service Provider Power 30 list. The Power 30 list — described as the ‘who’s who’ of service providers in the region — recognises individuals who continue to shape the MENA funds industry. Fawaz, a director in Conyers’ Dubai office, was […]

MENA investment into Africa: Mauritius is the bridge

Many MENA-based investors looking to expand into Africa operate from Dubai, which has positioned itself as the regional leader for trade, transport, tourism, logistics and financial services. Ideally positioned between the Asian tigers and the African lions, Dubai is very much the choice of investors seeking to do business in the African continent, with COMESA […]

The Lawyer Eats

Bird of Smithfield

Brecher managing partner Nicky Richmond indulges in a thoroughly crackling dinner at Bird of Smithfield. My friend Don told me that his cousin Alan was going to open a new restaurant in Smithfield and that we would have to try it. I was a bit worried, in that what if it’s really rubbish way. I’d […]

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