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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

Stibbe and Freshfields in Vesteda securitisation

Herbert Smith’s Dutch best friend Stibbe and Freshfields Bruckhaus Deringer have helped complete the Netherlands’ largest ever securitisation, property company Vesteda’s e1.4bn (£880.3m) Eurobond issue. Stibbe represented Vesteda and Freshfields’ Amsterdam office advised Deutsche Bank, the lead manager of the transaction.Vesteda is the largest Dutch real estate mutual fund. Stibbe helped it to choose Deutsche […]

Oftel slated for dragging its feet on local loop unbundling as BT continues to reign

As new super-regulator Ofcom is set up to regulate the market from 2002, Jon Robins asks whether it will fare any better? There has been little solace for those ever-hopeful telcos hanging in for a slice of Broadband Britain of late. Not least when the Oftel director-general was recently asked whether the unbundling of the […]

Deals summary

Wragge & Co (Jonathan Denton) advised Chelsea Building Society on the renewal of a e750m (£471.6m) medium-term note programme and on a £100m bond issue. HSBC, which acted as the dealer and trustee, was advised by Linklaters. Ashurst Morris Crisp advised Deutsche Bank as arrangers on a e165m (£103.7m) high-yield bond issue by AGZ Finance. […]

Walkers sets up office in BVI following Barkers buy

Cayman Islands firm Walkers has launched an office in the British Virgin Islands (BVI) after taking over the territory’s corporate and international finance firm Barkers Partner Simon Pascoe will relocate from the Caymans to head the office. He will be joined by four partners and four assistants from Barkers, with additional support from Walkers’ Cayman […]

Gordon Dadds takes two from Julian Holy

West End firm Gordon Dadds has hired a partner and a senior associate from property firm Julian Holy Commercial property lawyer Simon Edwards and associate Jackie Boot will join this week. Edwards takes a client base of high net-worth individuals and family-owned property companies valued at between £100m and £500m.

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