A Vews from Budapest

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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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Latham hires Santander head of legal to target Spanish work

Latham & Watkins‘ London office is launching a Spanish practice with a head of legal from Spanish bank Banco Santander Central. Juan Manuel De Remedios, Santander’s head of legal for Latin America, is joining the firm as counsel to target Spanish work for some of the firm’s biggest investment banking clients. The firm has strong […]

A hard act to follow

Wilson v First County Trust Last week was notable for two landmark decisions under the Human Rights Act 1998 (HRA). In the first, Wilson v First County Trust Ltd [2001] EWCA Civ 633, the Court of Appeal made a declaration that Section 127(3) of the Consumer Credit Act 1974 (CCA), which makes a loan agreement […]

Lincoln’s Inn wins massive rate rebate

Chambers in Lincoln’s Inn are being paid tens of thousands of pounds each in rate rebates following a recent settlement which reduced rates by up to 50 per cent. After 168 appeals by the 26 chambers of Lincoln’s Inn over five years, of which 12 are outstanding, the Valuation Office Agency agreed to reduce rateable […]

Legal widow

Trauma in the household: the new Harry Potter isn’t coming out until next year. “But we’ll miss a year of his life!” wailed Subjudice. “There’ll only be two years to go by next year! And then he’ll be grown up and going on Operation Raleigh!” Reassuring her that we won’t miss a single ink blot […]

Weatherill moves to Enterprise

Bernard Weatherill QC has left 3 New Square after 25 years to “develop links already established with solicitors in the Midlands and the North East”. He is moving to Enterprise Chambers to take advantage of its regional offices in Leeds and Newcastle, as well as London. Weatherill specialises in chancery and company law, areas of […]

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