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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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Olswang wins AIM adviser contract

Olswang has been instructed by leading Alternative Investment Market (AIM)-nominated adviser Smith & Williamson for the first time. The appointment is a direct result of private equity partner Chris Mackie’s decision to quit Berwin Leighton for Olswang late last year. Smith & Williamson’s head of corporate finance Robert Kidson says the corporate finance house uses […]

The Lawyer is number one

The Lawyer is the UK’s biggest magazine aimed at business lawyers, according to official figures released by the independent Audit Bureau of Circulations. The magazine’s average net circulation for June 1999-July 2000 was 28,944, an increase of 22 per cent year on year. The new circulation figure is 34 per cent higher than its nearest […]

Stephenson Harwood hires insurance head

Stephenson Harwood is bolstering its insurance/reinsurance practice by securing a new head from Barlow Lyde & Gilbert. Former equity partner Paul Howick joined Barlow Lyde in 1987 from Holman Fenwick & Willan. He specialises in international insurance/reinsurance litigation and commercial dispute resolution. Barlow Lyde is regarded as the leading City firm in both general claims […]

Digest

Lovells has hired Linklaters & Alliance’s international chief Marc Bartel. A major figure in the Alliance merger discussions, Bartel has been brought on board to work on Lovells’ international expansion plans.

Reynolds Porter boosts insurance coverage with loss adjusting group

Reynolds Porter Chamberlain is launching a loss adjusting practice in a bid to increase the amount of new insurance work it attracts. It has recruited a five-strong team, which will specialise in political risk and contingency insurance, from leading loss adjusting companies GAB Robins and Crawford. Insurance partner Tim Brown concedes that the firm, like […]

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