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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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Invested interest

The approach to UCIs in Luxembourg is undergoing a radical rethink. Jacques Elvinger and Frédérique Lifrange report The law of 19 July 1991 concerning undertakings for collective investment (UCIs) was established to allow the formation of UCIs in Luxembourg. As with similar vehicles in other countries, in particular the Spezialfonds under German law, the securities […]

Harbottles suffers as Olswang lures corporate star

Olswang has raided Harbottle & Lewis‘s corporate team, snaring the firm’s corporate finance head Mark Bertram. The move will be a particular blow to the West End firm. Bertram is one of the main points of contact for Harbottles in its relationship with key client Chrysalis and led the team on the sale of Air […]

French duo opens doors on TMT boutique

A pair of French lawyers has launched a new technology, media and telecommunications boutique. Olivier de Baecque, formerly a lawyer at Salans and Veil Jourde, and film and television specialist Sophie Borowsky launched Borowsky & De Baecque last month (October). Borowsky described her expertise as complementary to de Baecque’s focus on advising fashion designers, artists, […]

Lovells mourns disappointing six months

Lovells has had a disappointing start to 2006-07, reporting a modest four per cent increase in turnover for the first six months of the financial year. Revenue at the top ten City firm inched up to approximately £205m. However, Lovells’ London office posted flat half-year results for the first half of the financial year. Lovells […]

Simmons on target for £500k PEP

Simmons & Simmons is on course to break through the £500,000 average profits per equity partner barrier after a positive first six months of the current financial year. The firm has posted half-year results of £123m, a rise of 14 per cent from 2005. The increase is slightly less than Simmons’ full-year growth at the […]

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