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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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Linklaters, Travers land roles on Peel’s sale to RREEF

Linklaters and Travers Smith scored lead roles on the latest infrastructure deal, acting on ports owner Peel Group’s disposal of a significant stake to RREEF. Peel is understood to be valued at £1.6bn. The auction, involving Peel’s sale of a 49 per cent stake, saw RREEF, an infrastructure fund controlled by Deutsche Bank, defend a […]

Linklaters scoops 22 per cent revenue rise

Linklaters brought in £100m more than at the equivalent stage last year, with revenue rising 22 per cent to £536m. Linklaters managing partner Tony Angel told The Lawyer: “This is a global phenomenon across all practice areas. Whether you go to Asia or Europe, if you look at real estate, corporate or finance, we’re as […]

Wragges, Graf unite for push into China

Wragge & Co is set to open in China with German ally Graf von Westphalen in 2007. It will be the firm’s first office outside Europe. The firm is seeking more European allies for the joint venture in Guangzhou and Hong Kong. Wragges managing partner Quentin Poole said: “Guangzhou is much less lawyered than Shanghai […]

Web week

The Lawyer‘s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@thelawyer.com. How many lawyers to win an election?Perhaps unsurprisingly, commentary on the web last week was dominated by the US […]

Shadbolt targets Middle East for network growth

City construction boutique Shadbolt & Co is looking to expand its international network into the Middle East. The firm, which posted a 28 per cent increase in its revenue for 2005-06, from £9.8m to £12.5m, is targeting expansion in the region to capitalise on the PPP and construction industries. Shadbolt chair Liz Jenkins told The […]

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