Financings

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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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Financings

Pinsent Curtis advised the Co-operative bank in Leeds on the acquisition and working capital facilities in relation to the management buy-out of two businesses of British Thornton Holdings.

Boom for Irish law firms

Ireland’s position as the fastest growing economy in the European Union has paid dividends for lawyers across the country who are reporting one of their busiest years ever. “Ireland is doing well at the minute,” says James O’Dwyer, senior partner at Arthur Cox. “It is a feature of the low interest rates and low inflation […]

Signs of the times

Major changes have been introduced to the law of trade marks in Ireland as a result of the Trade Marks Act 1996. The Act contains many identical provisions to the UK Trade Marks Act 1994, unsurprising because like the UK Act, it was designed to comply with European statute. But it also introduces new special […]

Complacency Bureau

I have just been handed a copy of the report from the Solicitors Complaints Bureau for 1995 containing a foreword from acting director Martin O’Reilly. One is taken aback with the complacency and arrogance of the comments it contains. The SCB’s claims to have improved are marginal and there are still an alarming number of […]

Dibbs claims regulatory first

Dibb Lupton Broomhead has claimed a national first with the formation of a new commercial regulatory group to deal with all its regulatory work. According to the firm, the six-partner group will break the mould by handling contentious and non-contentious work. Partner Neil Gerrard, who heads the group, said very few firms were strong in […]

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