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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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Deals summary

Eversheds (Susan Lewis) acted for Jessops on its £116m secondary management buyout. CMS Cameron McKenna advised ABN Amro Capital on private equity. Clifford Chance acted for HSBC, which provided debt facilities. Osborne Clarke (Alisdair Livingstone) advised the management team on the buyout of Thornbury Nursing. It was backed by venture capitalist Duke Street Capital, advised […]

The rights angle

From Diane Pretty who wanted the right to die, to Al-Qaeda’s effect on the right to liberty, human rights laws have been pushed to the limit. Robin Allen QC and Tom Coghlin report The courts have grappled with human rights issues in every field of law in the past year. Some cases have been notorious, […]

Legal Widow

David Blunkett has a greater problem with language in the home than he realises. While he frets over immigrant families failing to chatter away in English over the dinner table, he ignores the horrifying truth that hardly anyone, at least in my house, speaks the language properly anymore. If we do get them all round […]

Slaughter and May: still gunning for private equity

So Slaughters still thinks it can challenge CC for major buyouts. Is it deluded? It’s not often that you hear Slaughter and May make a grand statement.But the firm’s ambition to be “one of the big players in private equity within the next three to five years”, as one partner stated last week, will probably […]

Herbert Smith boosts Gleiss tie in £260m Johnson Matthey deal

Herbert Smith has galvanised its alliance with Gleiss Lutz after persuading Johnson Matthey to use the German firm for its £260m acquisition of ICI’s catalyst business Synetix.The deal, which is part of ICI’s drive to reduce its £2.3bn debt mountain, required both German and Indian legal expertise as the transaction also included the disposal of […]

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