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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

john lewis

Lovells is used to all the ups and downs that come with advising on deals involving an internet company. Prior to this latest transaction, acting for John Lewis on its purchase of the UK arm of transatlantic company buy.com, the company acquired a stake in Last Mile Solutions. John Lewis bought a 40 per cent […]

Marketing madness

Tulkinghorn is pleased to see that some lawyers haven’t succumbed to any of these new-fangled viral marketing techniques. One lawyer, who shall remain nameless, wins the prize for the most imaginative pitch for work at The Lawyer Monte Carlo. He was heard telling the head of legal at Bradford & Bingley: “You’ve got to give […]

Corporate

John Lewis purchases the UK arm of internet retailer buy.com. John Lewis represented by Lovells (Frances Le Grys). Financial adviser Lazards. Buy.com represented by Freshfields Bruckhaus Deringer (Neil Radford). Unilever sells its sauce business to Campbell Soup Company for £633m. Unilever advised by Slaughter and May (Gary Eborn). Financial adviser Goldman Sachs. Campbell Soup Company […]

OFT report encourages public access to barristers

The long-awaited Office of Fair Trading (OFT) report into the legal profession is believed to have called for the public to be able to go directly to barristers without having to instruct a solicitor first. If the proposals are accepted then chambers could see their incomes from BarDirect spiral to around £200m a year. The […]

Finnegan’s stake

The head of Osborne Clarke‘s new Silicon Valley office has more than one thing in common with the firm’s managing partner Leslie Perrin. Like him, Angus Finnegan was rejected by the firm when he applied for a training contract and, again like Perrin, he went back for more and has since rocketed to the top. […]

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