Favourable IRS ruling for US taxpayer on application of US-Cyprus tax treaty

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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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Adjudication Watch — review of the latest legal developments in adjudication

In this fourth edition of Adjudication Watch, Wragge & Co’s construction experts review cases involving challenges to adjudication enforcement on jurisdictional and natural justice grounds. Enforcement challenges are becoming increasingly sophisticated with more cases involving adjudicators allegedly going off on a ‘frolic of their own’. To counteract this, courts consistently remind parties that adjudication must […]

Charity Commission issues revised public benefit guidance

On 16 September 2013, the Charity Commission published its revised public benefit guidance for all charities. The guidance was previously contained in a single document called ‘Charities and Public Benefit’ together with supplementary guidance on ‘Public Benefit and Fee-charging’. The Charity Commission withdrew parts of this guidance in December 2011, following the decision of the […]

york minster

Richard III JR hits court before three-judge panel

The judicial review into the final resting place of Richard III is being heard before three High Court judges today, along with an application to join Leicester City Council as a third defendant in the case. Lady Justice Hallett, Mr Justice Ouseley, and Mr Justice Haddon-Cave – who granted permission for judicial review earlier this […]

Andy Ellis

Dechert’s fee dispute – a sign of things to come?

For a while now legal business soothsayers have been forecasting an increase in fee disputes between solicitor and client. The news that ENRC is contesting an extremely high proportion (almost 70 per cent, or £11m) of Dechert’s £16m legal bill might be the result of a freak storm, but equally it could portend a deeper […]

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