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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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Firms mull offers as Legal Services Bill gains Royal Assent

“Nobody wants to be the first to set up an alternative business structure,” says Neil Kinsella, chief executive of Russell Jones & Walker. This may well be true for law firms, but for non-legal businesses the provision for the alternative business structure (ABS) in the Legal Services Act is a very attractive notion. As a […]

Addleshaws leads NHS group PFI scheme

Addleshaw Goddard has acted for Lincolnshire Primary Care Trust, Leicestershire Partnership NHS Trust and Derbyshire Mental Health Trust on a trio of hospital and ancillary services deals worth a total £76.5m. Dubbed the Three Shires Batched PFI Scheme, the project has so far been given the go-ahead for the development of the Lincolnshire Community Hospital […]

Guernsey: trusts

The new Trusts Law should help Guernsey remain attractive in such a competitive market. Christian Hay and Gareth Bell talk us through the changes Guernsey is on course for a comprehensive update of its trusts law. On 25 July 2007, the Trusts (Guernsey) Law 2007 was approved and should come into force in January 2008. […]

Norton Rose snubs Brazil for Turkey in global focus

Norton Rose snubs Brazil for Turkey in global focus” />Norton Rose has refocused its international strategy to centre on emerging markets in the East. The scheme, known as the New Horizons campaign, focuses on building geographically centred practices to service Turkey, Russia, India and China (TRIC) rather than Brazil, Russia, India and China, as favoured […]

Caymans: credit crunch

The credit crunch has been severe and the Caymans provide some incredible insights into the overall position in the financial markets. An offshore jurisdiction is the ideal vantage point to take stock of a global meltdown in the credit markets, such as the crisis that happened this summer. The hiatus, or ‘credit crunch’, has been […]

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