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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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Tite & Lewis given a lift by Crane

Tite & Lewis has advised new client Crane Telecommunications Group on the sale of the company’s wholly-owned subsidiary Telecommunications Management to Telecom Plus.The deal also represented an important win for Berwin Leighton Paisner (BLP) which acted on behalf of Telecom Plus. BLP gained the business after pitching against the company’s primary adviser, Nabarro Nathanson.Crane was […]

LeBoeuf snaps up Weil Gotshal man

LeBoeuf Lamb Greene & MacRae is taking on projects finance partner Bruce Johnston from Weil Gotshal & Manges following the latter’s decision to close its London project finance practice.Johnston, who was head of international project finance at Weil Gotshal, will head up the project finance team at LeBoeuf. He will take between three and five […]

Beachcrofts launches financial consultancy

National firm Beachcroft Wansbroughs has diversified into financial consultancy. Its new business, Beachcroft Wansbroughs Consulting, will be launched at the beginning of July.The new company will be led by former Financial Services Authority (FSA) personnel Richard Hobbs and Oliver Lodge and is primed to provide regulatory advice to a host of financial services companies, including […]

Deloittes to merge with Andersen Legal Italy

The Italian practice of the now defunct Andersen Legal is finalising plans to merge with Deloitte & Touche.The plan breaks with Deloittes’ policy not to have its own legal capability. In the UK, Andersen Legal was left out in the cold when the accounting and consultancy arms of Andersen UK secured their life-saving deals with […]

EC wants company law to go electronic

A REFORM of European company law legislation has been formally proposed by the European Commission (EC) to ease the filing of company documents and registrations via electronic communications.The aim of the tabled changes to the EU’s First Company Law Directive, according to an EC statement, is to make company information more easily and rapidly available […]

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