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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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In brief: Law Soc re-opens implant help-line

The Law Society has re-opened its enquiry line for women with silicone breast implants following the decision to extend to 1 March the deadline for possible claimants to register against the US settlement fund. More than 8,000 women have already called the line, and it is estimated between 30,000 and 40,000 women in the UK […]

In brief: Durnford Ford switches lawyers

Graham Durnford Ford, the struck-off solicitor facing Serious Fraud Office charges of theft, will be represented by John Harding of Kingsley Napley after being awarded legal aid. It was understood that Ford would defend himself after dismissing his previous solicitors Magrath & Co several months ago. The trial of Ford and co-defendant William Digby Bew […]

Invitation to treaty

Project finance transactions in Europe in the energy field will be heavily influenced by the signing of the Energy Charter Treaty in December 1994. The treaty is an exciting and ambitious development in global energy policy arising from three years of negotiations between 50 countries. It will come into force as soon as 30 contracting […]

Latin America poised for onslaught from US firms

US lawyers are targeting Latin America as a major growth area for legal work, in response to the business spin-off from the increasing numbers of US and British companies setting up there. Delegates from US-based Commercial Law Affiliates (CLA), the world’s largest law firm network, met in Sao Paulo, Brazil, earlier this month to consider […]

Juvenile courts given greater powers

Courts handling juvenile offenders have been given powers to review lenient sentences in serious fraud cases. New legislation under the Criminal Justice and Public Order Act and coming into force last week, also introduces a pilot scheme for the use of electronic tagging in curfew sentencing. Courts will be able to impose long terms of […]

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