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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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Debt programme updates/establishments and the new PD regime — an update

The debt capital market continues to come to terms with the requirements of the new Prospectus Directive (PD) regime. As noted in the previous edition of this note, issuers with debt programmes established or last updated before 1 July 2012 will now have to ensure that relevant amendments are made to base prospectuses at the […]

Qatar’s new Central Bank Law: key developments in banking regulation

The government of Qatar recently issued the new Central Bank Law, Law No. 13 of 2012 (the QCB Law), which came into force in January 2013. This new piece of legislation is a comprehensive overhaul of the legislation that existed previously, Law No. 33 of 2006. The Qatar Central Bank (QCB) is the primary regulator […]

The digital shift: 10 themes shaping the legal agenda

The first industrial revolution, which began in the 1750s, lasted for between 80 and 100 years. The pace of technological change today encourages us to believe that the second industrial revolution (IR2) will be completed at much greater speed. So if we take the mid-1980s as a starting point, with the emergence of optical disk […]

Ups and downs in Deutschland

It’s been largely good news out of Germany recently. As the European 100 will show when it is published in a couple of weeks, the independent German firms all had a storming year with turnover up – mostly by a considerable margin – across the board. And there have been quite a few hires by […]

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