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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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funds money crisis

ESMA publishes opinion on AIFMD rules covering late transposition

The European Securities and Markets Authority has published on 1 August an opinion on what rules should apply to alternative fund managers and their cross-border marketing of funds where this might be affected by the failure of European Union member states to adopt the Alternative Investment Fund Managers Directive (AIFMD) into national law on time. […]

Europe

European moves: 5 September 2013

All the latest partner hires and other appointments within Continental European firms and offices. Benelux Bird & Bird has appointed Marcus Huisman as a partner in its office in The Hague. Huisman joins from Houthoff Buruma, where he was a partner in the firm’s employment practice. He advises on all aspects of domestic and international […]

Keyword advertising from a German perspective

By Katharina Reuer A recent German case from December 2012 — ‘MOST-Pralinen’, concerning keyword advertising — shows the significant margin of appreciation national courts have to apply to European Court of Justice (CJEU) case law.  In the MOST-Pralinen case, the defendant bid on the generic keyword ‘Pralinen’ using Google’s ‘broad match’ function. This function then added […]

Allen & Overy advises IC Hotels UK Pension Trust Ltd on bulk annuity policy purchase

Allen & Overy has advised the trustees of Intercontinental Hotels Group’s pension scheme on its purchase of a £440m bulk annuity policy with Rothesay Life. The bulk annuity policy insures the defined-benefit benefits of the pension scheme. Däna Burstow, pensions partner at Allen & Overy, worked on the deal with support from senior associate Jane […]

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