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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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Lovells hires finance systems head from CC

Lovells has hired Steven Capon as the head of finance systems. He joins from Clifford Chance, replacing Nigel Nelson who plans to retire from the firm in July next year (2008) to move to Canada. Capon will join Lovells in January 2008. During his seven years at Clifford Chance, Capon managed a development and support […]

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Lord Mawhinney slams football deals

Football League chairman Lord Mawhinney has hit out at the lack of legal integrity in football players’ contracts. Speaking at a conference held by the British Association of Sports and the Law today, Lord Mawhinney said that few clubs and agents have respect for the contracts of their players. “I have lost count of the […]

Private equity – a nice little Bunsen burner

Private equity lawyers across the City keep telling Tulkinghorn that they are not as active as they were this time last year due to the credit crunch. A dreadful business. But it is heartening to hear that the more ingenious among them are focusing their attention in other ways to keep busy. And so it […]

Hammonds UK strategy forces out projects chief

Hammonds’ chief of international projects and finance William Abraham has resigned in a last-ditch attempt to get the firm to refocus its global strategy. The firm is holding emergency talks with Abraham next week to address his concerns. “The firm wasn’t addressing Abraham’s concerns that his international practice had been sidelined following its strategy review […]

London must stop over-regulating conflicts

Imagine this: MegaCo needs greater resources so it can expand. It decides to pursue a dual strategy – it will invite offers, but at the same time it will prepare for an IPO. It instructs MediumFirm on the possible sale and BigFirm on the IPO. Voracious Inc wants to buy MegaCo. It asks BigFirm, its […]

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