Financings and flotations

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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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Juries/conditional fees. No win, no fees sets the standard

Six years ago Parliament passed the Courts and Legal Services Act and Section 58 promised nothing short of a revolution in access to civil justice. It allowed the introduction of conditional no win, no fee arrangements, and the Conditional Fee Agreements Order 1995 brought in conditional fees for insolvency work, European Court of Human Rights […]

Mix of the best

When asked what he thought of Canada a laconic Texan once replied that he tried not to. Sadly, that attitude exists in the UK too. The Canadian province of Newfoundland was England’s first overseas colony, Nova Scotia was Scotland’s first, Canada was the first colony to become a self-governing dominion and the country stood by […]

MoD picks Robson McLean

Edinburgh firm Robson McLean has won a competitive tender worth millions of pounds to provide legal services to the Ministry of Defence in Scotland. Under a five-year contract estimated to be worth £3-£4 million, the firm will advise all the armed forces and the procurement executive in Scotland. The eight-partner practice, which has advised the […]

Investigator falls foul of data law

Alison Laferia reports In the first case of its kind, the Data Protection Registrar has brought a successful prosecution for unlawfully obtaining and selling personal data. The case concerned a part-time private investigator who was convicted last month of procuring the disclosure of personal data and selling the information in contravention of the Data Protection […]

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