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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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Client file Isn't it a shoe shop?

Tulkinghorn is obliged to issue the most heartfelt apologies to Neil Murray, head of banking at Travers Smith Braithwaite, for underestimating the musical pedigree of his band, The Hamptons. Last week, Tulkinghorn took a wholly unnecessary swipe at Murray (he was the one with the Simon Le Bon flick) for shamelessly using Tulkinghorn’s search for […]

Baker Botts opens in Riyadh with two Arent Fox partners

Arent Fox closes Saudi Arabia office; Baker Botts swoops for partners Baker Botts has taken on two partners from Washington DC firm Arent Fox Kintner Plotkin & Kahn, which is closing its Saudi Arabia office. Houston-based 300-partner firm Baker Botts is setting up a Riyadh office with the two Arent Fox partners to bolster its […]

Wilson Sonsini plans assault on UK market

Silicon Valley giant Wilson Sonsini Goodrich & Rosati is planning to enter the UK market by opening offices in London and Cambridge. Wilson Sonsini, which dominates equity capital markets work in the US and specialises in servicing technology clients, hopes to establish a presence before the end of next year. Chairman of the firm Larry […]

Eversheds closes Bristol office in Cardiff relocation

Eversheds is shutting down its Bristol office, its second closure in less than five months. The closure of the 10-partner office is due to be finalised by 1 May, the beginning of the firm’s financial year, and will leave it without a presence in the South of England. All the staff at the Bristol office, […]

Pinsent Curtis Biddle pair quit after merger

Two partners have quit Pinsent Curtis Biddle. They will be the first to leave the newly-created firm. Media partner Duncan Lamont is joining Charles Russell while copyright specialist Hubert Best has also resigned and is believed to be in talks with Hammond Suddards Edge. Regional firm Pinsent Curtis and media specialist Biddle’s merger became official […]

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