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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 […]

Recommended

King & Wood expands

King & Wood has merged with Hong Kong firm ­Arculli Fong & Ng, ­becoming the first People’s ­Republic of China practice to launch in the former UK dependent ­territory. King & Wood has had an association with Arculli since 2006. International firms ­hoping to practise in Hong Kong are required to work in alliance with a local firm for […]

A case in point

Having undoubtedly proven itself to be one of the world’s pre-eminent financial centres, the British Virgin Islands are a striking benchmark of the global economic downturn. By Andrew Willins The British Virgin Islands (BVI), with Tortola, the largest of the islands, only 12 miles long and three miles across, is scarcely detectable on an atlas. […]

BAA’s new GC to shake up advisers

BAA is poised to carry out a review of its external legal advisers following the recent appointment of Carol Hui as the airport operator’s ­general counsel. Hui said: “I’ll be reviewing BAA advisers. I’m new to the job and need to do whatever’s best for the ­business to ensure it has the advice that’s appropriate […]

People Moves

Reynolds Porter Chamberlain (RPC) has hired three new partners. Jonathan Watmough Move of the week Reynolds Porter Chamberlain (RPC) has hired three new partners: Vivien Tyrell arrives as head of insolvency and restructuring from Edwards Angell Palmer & Dodge, where she was a partner; David Wallis joins the ­corporate group from Dechert, where he was […]

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McGrigors helps Iraqi government access development funds

McGrigors and Erskine Chambers have helped the Iraqi government recover millions of dollars tied up in a UK trust for nearly 20 years. The $48m (£29.2m) fund was left over from the construction of an oil pipeline in the country that was completed in 1990. But the UK arm of Iraqi bank Rafidain was put […]

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