DAC restructures Madrid office

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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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Mackay issues media warning

Judges are being advised to pre-empt adverse media coverage by issuing press releases before they make controversial decisions. In a letter to all judges, Lord Mackay said he was concerned about the standard of some press reporting of judicial decisions. He said in the letter that he had contacted the Press Complaints Commission saying he […]

IBA's first international forum for barristers in New Delhi

Barristers worldwide look set to have an international forum within the International Bar Association (IBA). The initiative, headed by Bar Council chair Robert Owen QC and Malcolm Wallis SC, who is chair of the South Africa Bar, has been prompted by the fact there are no specific meetings at the IBA for the referral bar. […]

Wallace Bogan & Co loses canvassing case

East End firm Wallace Bogan & Co has lost a court battle aimed at preventing three of its former assistants from canvassing its clients. The Court of Appeal has ruled that the three, who wrote to clients the day after their gardening leave at the firm had expired, did nothing unlawful. Lifting an injunction placed […]

IN brief: MP reaffirms Labour sentencing pledges

Geoffrey Hoon MP, Parliamentary Secretary at the Lord Chancellor’s Department, has reaffirmed the Government’s pledge to halve the time taken between arresting and sentencing persistent young offenders. At present, the average delay stands at more than four months. Addressing a meeting of the Magistrates Courts Consultative Council in London last week, Hoon also promised to […]

Flotations

Simmons & Simmons acted for the General Electric Pension Trust on its £40.2m rights issue for Pillar Property Investments, advised by Norton Rose. Freshfields advised BZW, the financial adviser, and Kleinwort Benson, the broker of the issue.

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