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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

TfL general counsel joins Severn Trent

Transport for London’s (TfL) general counsel Fiona Smith has quit after just over two years in the role. Smith, who joined TfL in autumn 2003 is leaving at the end of the year to join Severn Trent as general counsel and company secretary. She will be replaced temporarily by Peter McGuirk. During her time at […]

A&O, CC, DWS win roles on record Islamic bond

Allen & Overy (A&O), Clifford Chance and Denton Wilde Sapte (DWS) have landed instructions to advise on the issue of the largest-ever Islamic bond. The landmark Islamic bond, or Sukuk, is being used to finance Dubai-based container terminal operator DP World’s £3.3bn recommended bid for P&O. The unique financing deal combines a $6.5bn (£3.76bn) loan […]

O’Brien withdraws as Freshfields election kicks off

The Freshfields Bruckhaus Deringer senior partner election kicked off yesterday with partners set to choose German senior partner Konstantin Mettenheimer with either Guy Morton, Graham Nicholson or Philip Richards. Corporate partner Barry O’Brien has withdrawn his candidacy. It is understood that O’Brien withdrew due to the ongoing Law Society investigation into Freshfields’ conflict of interest […]

Central and Eastern Europe

The Central and Eastern European (CEE) markets are opening up dramatically. As a result, a wider range of financial product is being offered in the region, while the consumer and property markets are also developing. Consequently, the local legal sector is experiencing an equally dynamic evolution. This CEE special report focuses on developments within Russia […]

White & Case leads Thai securitisation

White & Case has advised the lead managers to the Royal Thai Government on its largest securitisation to date. The government issued Bt10.3bn (£143.4m) of notes in four tranches with separate maturities. The bonds are secured by 30-year leases on the government’s new offices at Chaengwatthana and are the first to be sold under a […]

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