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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 […]

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 […]

Insurance & Reinsurance 2018: issues facing lawyers and clients today

Have there been any major changes or developments in your jurisdiction over the past 12–18 months? How have these impacted your practice? In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions. In September 2017, the […]

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Hedge trimmers

Changes in the restructure and insolvency of hedge funds has led a defining period for lawyers in the Cayman Islands, explains Peter Hayden. The fallout of the credit crunch and its impact on hedge funds continues to keep legal practitioners and the courts busy in the Cayman Islands. Recent decisions have helped to clarify the […]

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Norton Rose moots four-day week to save jobs

Norton Rose moots four-day week to save jobs” />Norton Rose is to offer staff a four-day working week as part of a year-long contingency plan to cope with the economic downturn. The firm will ask eligible staff to agree to work part-time on 85 per cent of base salary for a year, or take a […]

Managing property costs: Lease is the word

US firms prefer high-status locations in the City; UK firms, though, are getting better value out of their properties. In the current climate where cash is king, firms need to be doing everything they can to find new ways of ­generating income from their bricks and mortar. Clifford Chance recently signed a deal to sublet […]

G20 questions

On 2 April, the G20 will publish a list of offshore jurisdictions deemed ripe for regulatory overhaul. Politicians set their sights on the offshore world some time ago, but with western economies now in meltdown it has become an urgent matter. Offshore lawyers are becoming increasingly vocal about their work in response to ever growing […]

RPC hires White & Case MoD specialist

Reynolds Porter Chamberlain (RPC) has hired projects and outsourcing partner Michael Scott from White & Case. Scott was a partner in US firm White & Case’s London energy, ­infrastructure, project and asset finance group. Reynolds Porter Chamberlain (RPC) has hired projects and outsourcing partner Michael Scott from White & Case. Scott was a partner in […]

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