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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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Lawyer: Chinese govt tried to kill me

China’s most prominent human rights (HR) lawyer is claiming that the Chinese authorities tried to kill him after they had closed his law firm. The matter raises questions about how liberal China’s legal market really is. Gao Zhisheng, who has a similar reputation in China to UK lawyers such as Shami Chakrabarti or Clive Stafford […]

Simmons strengthens HK with former Herbies banking head

Simmons & Simmons has landed the former head of Herbert Smith’s Asia banking and finance practice for its Hong Kong office. Jonathan Moult joined Simmons at the start of February as a partner. He specialises in global loans, acquisition finance and property finance and capital markets. Moult spent seven years at Herbert Smith’s Hong Kong […]

Speechly Bircham steals Maxwell Batley man

Speechly Bircham has taken litigation partner Ian Timlin from dispute resolution specialist firm Maxwell Batley. Timlin joined the firm last week after 10 years as a partner at Maxwell Batley. He specialises in professional negligence claims and allegations of regulatory breaches. Speechly Bircham managing partner Michael Lingens said: “The firm is committed to achieving significant […]

Through the right channels

Law students are a crazy lot. Not content with picking an intensive sort of course and career, a whole bunch of Oxbridge lawyers are preparing to smear themselves in Vaseline and brave the rough, crowded waters of the English Channel this summer. Every two years the Oxford and Cambridge swimming clubs race the Channel in […]

Enron chiefs’ fraud case to kick off

The criminal trial of former Enron chairman Kenneth Lay and chief executive officer Jeffrey Skilling will start today (31 January) in Houston, Texas, after the jury selection process was completed in just one day. Skilling, 52, faces 31 counts of fraud, conspiracy, insider trading and deceiving auditors for allegedly lying about Enron’s financial strength. Lay, […]

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