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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

Firm refusals for escorts

Apparently Aussie lawyers are not quite as laid back as Tulkinghorn had thought – quite literally. A Sydney escort agency with the name ‘Miss Fleiss’ has, over the past three or four years, approached almost every law firm in the city for representation, and sadly been turned down. “Firms fear our clients may be their […]

DLA loses sports star to Addleshaws

Addleshaw Booth & Co has poached DLA’s sport business group head Andrew Price Price has forged a strong reputation for sports law advice on the back of a string of high-profile securitisations for football clubs. He was director of legal affairs at Newcastle United before joining DLA and advised it on what was the first […]

The direct approach

If directors think they can desert their sinking ship they should think again. The authorities are clamping down and are prepared to use force. Barry O’Neill reports IRELAND’S Company Law Enforcement Act 2001 introduced new and far-reaching powers to arrest directors of insolvent companies. The act, which came into force on 1 June 2002, replaced […]

Court steps in as Enron fees spiral

Lawyers’ fees related to the Enron Chapter 11 reorganisation are continuing to snowball, sparking fears of dwindling returns to disgruntled creditors The latest tally shows that the cost of the 23 firms acting for Enron and unsecured creditors has now reached $174m (£110.8m). The running total of professional fees on Enron is $237m (£150.9m). Enron’s […]

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