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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

Baker & Mckenzie values global arbitration work at £6bn

Thomas Schrell joins from the Frankfurt office of Freshfields-Deringer, where he was a senior associate. Dr Erich Michel, head of the Frankfurt office, says: “We are delighted that Thomas has decided to join us. “His background is highly relevant to the type of work we are focusing on at the moment – mainly corporate, banking […]

Top QC quits 4 Paper Buildings

One of the top professional negligence and IT silks is defecting to a rival set. Nicholas Davidson QC, a tenant at 4 Paper Buildings, will join 2 Crown Office Row when the set moves to Four New Square. Both sets are leaders for professional negligence work. But the addition of Davidson will mean John Powell […]

Developer to sue Dibbs over alleged conflict of interest

Dibb Lupton Alsop is being sued for £600,000 over accusations it acted for both sides in a multi-million pound property finance deal. Developer Chapel and London Estates and four private guarantors are alleging in a high court claim that, in 1994, Dibbs’ Birmingham office advised both sides of a funding deal and drew up a […]

Nottingham merger aims to hit top five

Two Nottingham-based law firms are merging to form one of the largest practices in the east Midlands. The marriage of Berryman & Co and Shacklocks, which are of equal size, will create a 19-partner firm and will be called Berryman Shacklock. The merged firm hopes to challenge Nottingham’s bigger players, including Browne Jacobson, Shoosmiths, Eversheds, […]

Baker & McKenzie values global arbitration work at £6bn

International firm Baker & McKenzie claims it is handling arbitration cases around the world with a total value of more than $10bn (£6.25bn). It is the first time that the firm has calculated the sig- nificance of its arbitration work. The head of the international arbitration group says that the figures indicate the increasing importance […]

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