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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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Lord Woolf admits ADR need rethink

The Lord Chief Justice Lord Woolf has admitted that his 1999 reforms have not gone “nearly far enough” Lord Woolf believes that his plans to encourage litigants to resolve disputes by alternative dispute resolution (ADR), the centrepiece of his reforms, is “going to take a substantial period of time until we get where we really […]

Trowers handles Oman disposal for BP

Trowers & Hamlins has completed another Middle East-related instruction from BP by advising on the disposal of its controlling interest in its Oman operating company BP Oman SAOG BP’s 49 per cent stake has been sold to state-owned Oman Oil Company SAOC, while BP retains a management role in the company. SAOG operates 74 filling […]

Squire Sanders knocks at Watson Farley's door

Firms resume talks as Squire Sanders’ French merger ’95 per cent complete’ Squire Sanders & Demp-sey has reopened negotiations with former UK merger beau Watson Farley & Williams and is about to agree a tie-up with Paris technology firm Kahn & Associés. Squire Sanders and Watson Farley have returned to the table for a second […]

Airtours lawyer is left luggage

Slaughter and May partner Malcolm Nicholson must have thought his name was burned on to the European Commission’s (EC) collective consciousness following his historic victory in Airtours, which ushered in the EC’s current reformist programme. However, at the EC merger control conference last week, the chairman of the panel discussing Airtours could not remember Nicholson’s […]

Celebrate good times

A team of RadcliffesLeBrasseur lawyers must be looking forward to a good closing party. Michael Nathanson, Colin Walker and Louise Ramsden, among others, acted for Magnus Mellor who has just bought Corts wine bar on Chancery Lane, a place very dear to Tulkinghorn’s own heart. Are there no limits to what lawyers will do to […]

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