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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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Steel Hector indignant as judge condemns $92m client payout

Steel Hector & Davis has defended its conduct after being slammed by US District Judge Alan Gold in relation to perceived conflicts arising out of its involvement in a controversial $92.3m (£48.8m) payment to top executives of utility company FPL Group. The Miami giant was appointed by a committee created by FPL’s board in the […]

Landwell faces SEC deadline on audit clients

Landwell’s global legal network has been given a deadline of 30th June by the US Securities and Exchange Commission (SEC) this year to stop working for PriceWaterhouseCoopers’ (PwC) SEC registered audit clients. The firm’s German practice Heussen (previously PriceWaterhouseCoopers Veltins) is to quit the network almost two months short of this date on 6 May. […]

Lafarge brought in by Lawrence Graham on Wilmington deal

Lawrence Graham has called on its Paris-based best friend Lafarge Flecheux Campana Le Blevennec to act on Wilmington Group’s first major deal outside the UK, the acquisition of Agence de Presse Medicale Internationale (APM) from Reuters. Both Lawrence Graham and Lafarge are acting on the £5.3m acquisition of the French real-time health newswire. Although Lawrence […]

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Lost at sea

The International Maritime Bureau is about to set up a global panel of law firms to help it fight shipping fraud. Brendan Malkin opens the hatch

Corporate deals round-up

Berwin Leighton Paisner (Simon Pollock) advised Supercart on its admission to AIM. The float raised £4m for the supermarket trolley company. Lawrence Graham (Hugh Maule) advised the nominated adviser to the float, Charles Stanley & Co. Mundays (Peter Munday) advised Alliance UniChem and retail subsidiary E Moss on the acquisition of WEP Limited and WEP (Fortrose), the retail pharmacy […]

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