Chasing the debt

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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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Polly Peck lawyers fear for their safety

LAWYERS acting in the Polly Peck administration abroad are becoming caught up in the escalating violence facing British professionals on the case. Joint administrators Coopers & Lybrand, Turkish authorities and the British embassy in Istanbul are to step up security after a Coopers employee was shot earlier this month. A partner at the accountancy firm […]

City briefs

City firm Withers has recruited a corporate financier to its corporate department. Hugh Devlin qualified as a solicitor in Scotland before joining British Linen Bank in 1989. While there he was in the team advising the Government on privatisation of the two Scottish electricity companies. He also advised on transactions for both public and private […]

Booths brimming with authors

THE PROLIFIC lawyer-writers of Booth & Co in Leeds have penned or contributed to more than one dozen books over the past year. The family law department has proved particularly industrious, coming up with eight books, two yet to be published. One of them, the first book by family lawyers on pensions, had to be […]

Seltek

Seltek has improved security on its voice processing systems to prevent unauthorised users deleting mailboxes and messages. A mailbox is locked automatically after five incorrect attempts have been made to access it. If two mailboxes are locked within a two-minute period the system locks up.

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