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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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Real estate and projects summary

Eversheds (Richard Stephens, Felicity Wooldridge) advised a joint venture set up between the Bank of Scotland and West Coast Capital on the £135m acquisition of five regional shopping centres from Cole Pensions. Andersen Legal (Michael Polson, Caryn Penley, Keith Barnett, Andrew Lewry) advised the Bank of Scotland on its funding of the acquisition. Lovells (Michael […]

Five more hike bonuses to keep up with NY rivals

Five more New York firms have caved in to market pressure and upped end-of-year bonuses Debevoise & Plimpton, Fried Frank Harris Shriver & Jacobson, Milbank Tweed Hadley & McCloy, Paul Weiss Rifkind Wharton & Garrison and Skadden Arps Slate Meagher & Flom have increased associate bonuses, bringing them in line with Wall Street competitors.Skadden Arps […]

DEAL OF THE WEEK: E.ON/Norsk Hydro

Linklaters proves M&A prowess with Norsk deal Linklaters advised Norwegian oil and energy giant Norsk Hydro on its g3.1bn (£1.91bn) acquisition of VAW aluminium from E.ON.Although Norsk Hydro was already a Linklaters client, the instruction was significant because it consolidated Linklaters’ rising status for M&A in Germany.The deal was Norsk Hydro’s largest acquisition and was […]

Solicitor struck off for property plan

A solicitor has been struck off the roll for breaching investment regulations after hundreds of investors placed up to £250,000 each in a property investment scheme he set up

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