Flotations & Financing

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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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This week

Flying phobics should listen out on Thursday for transport minister Helen Liddell’s expected announcement that the Government is introducing a new offence of “interfering with cabin crew carrying out their duties”, with penalties of up to two years imprisonment or a u2,000 fine. About 1,000 air-rage incidents are reported each year by UK airlines – […]

Offering the best legal services

How refreshing to see a firm looking for ways of offering new services to its clients. The news that Charles Russell is setting up an equal opportunity training company shows that some firms at least are thinking “outside the box”. If the company does as it promises and offers bespoke advice on everything from personnel […]

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Clifford Chance shuns tradition with plc-style governing board

Clifford Chance is adopting a UK corporate-style structure by electing a governing board to oversee the decisions of its executive committee. The board’s first members will be partners elected from the three firms merging to form the new conglomerate. But the merger document leaves room for captains of industry and other outsiders to join the […]

In brief: Herbert Smith

Herbert Smith client the Federation Internationale de l’Automobile has received a public apology from the European Commission for leaking documents. Stephen Kinsella, managing partner of Herbert Smith’s Brussels office, says it is the first time the commission has done such a thing. He is now pushing for costs of hundreds of thousands of pounds.

In brief: Harbottle & Lewis

Harbottle & Lewis, the media and entertainment practice, has made up three new partners. Mark Owen has been made a partner in the IP department, Mark Bertram in the corporate finance department and Samantha Phillips in the IP and litigation departments. Richard Penfold and Rachel Atkins have been made senior associates.

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