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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

Puddephatt signs up to Charter 88

THE TOP job at one of Britain’s leading legal rights pressure groups is up for grabs following the resignation of Andrew Puddephatt as general secretary of Liberty. Puddephatt will join political campaign group Charter 88 in September as full-time director after six years at Liberty, replacing Colin Darracott. He leaves behind him a five-strong legal […]

Bar cracks down on court conduct

A GROWTH in the number of fierce attacks by barristers on colleagues’ behaviour in court has led the Bar Council to draw up new professional rules governing such criticism. David Penry-Davey QC, Bar Council deputy chair, is heading an inquiry into the trend of counsel-to-counsel hostilities and aims to have new guidelines available in October. […]

Radcliffes duo heads for Richards Butler

RADCLIFFES & Co partners Christopher Jackson and Martin Walsh have left the Westminster firm as it gears up for its imminent merger with London practice Crossman Block. The pair, who handed in their notice in January, start this week as partners in the 14-partner corporate and commercial group at Richards Butler. They join trainee solicitor […]

Flotations

Herbert Smith acted for Kleinwort Benson Securities in its role as underwriter/sponsor of the flotation of Stoves at an initial market capitalisation of £47 million.

Linklaters usurps Ashursts at SNC

LINKLATERS & Paines’ reward for ground-breaking legal work on Merrill Lynch’s takeover of top UK market-maker Smith New Court (SNC) is expected to yield a business windfall after SNC is integrated into the US giant. Ashurst Morris Crisp which, after many years of advising SNC, including on the Merrill Lynch £526 million acquisition, is likely […]

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