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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

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Down and out in Cannes

Howard Kennedy left hotel-free at Mipim as trip organiser goes bust Mipim – the property industry’s March get-together in Cannes – is an expensive shindig. Given that a bottle of lukewarm beer at networking hotspot Café Roma will set you back €6 (£5), you can well imagine the many thousands of pounds law firms spend […]

Dechert bulks up in Frankfurt with Fried Frank hire

Dechert has raided rival US firm Fried Frank to bolster its newly-opened Frankfurt office, picking up partner Sven Schulte-Hillen. Schulte-Hillen was previously managing partner of Fried Frank in Frankfurt, having founded the office in 2004. The hire follows Dechert’s January 2012 announcement (17 January 2012) that it was opening in the city to build on […]

Ted Cominos
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Former ‘flying squad’ member quits Camerons for Edwards Wildman

CMS Cameron McKenna’s international head of private equity Ted Cominos is to leave the firm to become a partner in the Chicago office of newly merged Edwards Wildman. Cominos joined Camerons less than two years ago along with partners Graham Conlon and Alexandra Florea, plus associates John Faurescu, Cristina Proca, Anela Musat and Gokce Kilic […]

Hermenegildo Altozano

New orders

With real estate and energy in the doldrums, legislative reform is keeping lawyers busy as the government attempts to cure Spain’s recession hangover Spain has experienced some of the worst of the global financial ­crisis and the eurozone malaise, with Moody’s recently downgrading its credit rating to A3. As the country grapples to climb its […]

Tim Oliver

SRA delays force Parabis to defer Duke Street investment

Insurance firm Parabis has been forced to delay its ABS deal with private equity house Duke Street because the SRA is struggling to cope with the flow of post Legal Services Act applications. It is understood that the Parabis deal was expected to complete this week, but delays in the application process has caused the […]

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