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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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Milberg accused of greasing palms

Milberg Weiss Bershad Hynes & Lerach, the firm that The Lawyer last week revealed had been selected to lead the claims against Enron and Arthur Andersen, is the subject of a federal investigation Federal and Pennsylvania authorities are assessing whether Philadelphia City Controller Jonathan Saidel was paid consulting fees from the US firm in exchange […]

Miller & Chevalier launches in Brussels

Miller & Chevalier, the US best friend of Price-waterhouseCoopers (PwC), has opened a Brussels office The 50-partner tax boutique has taken on tax specialist Jan van Haaren from Benelux firm Loyens & Loeff to be managing director of the new office.The Brussels office will reflect Miller & Chevalier’s core Washington practice, concentrating on tax and […]

DEAL OF THE WEEK – BG GROUP

A&O revises BG’s share capital acquisition of Eogil Allen & Overy has advised BG Group on an agreement revision that has resulted in it acquiring the share capital of Enron Oil & Gas India Limited (Eogil).The US Bankruptcy Court has approved the terms of the new agreement, following an objection from a rival bidder and […]

CC, Linklaters in tax row

Clifford Chance is appealing a decision by an Indian tax tribunal that it has underpaid on tax It is part of a wider dispute involving other law firms, including Linklaters, and the Inland Revenue has been in talks with the Indian tax authorities seeking a breakthrough.The Law Society is appealing to the Indian High Commissioner […]

B&M and Linklaters in Chinese office bid

A&O, Freshfields and Herbert Smith ‘express interest’; red tape still limits growth Baker & McKenzie and Linklaters have become the latest firms to announce plans for a second Chinese office.A host of firms are expected to apply under the Chinese government’s relaxed rules on foreign law firms, but the application process has been subject to […]

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