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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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Rozenberg

The revolution is less than 11 months off. When the Human Rights Act 1998 comes into force next October, nothing will be the same again. The new act will allow people in the UK to use the European Convention on Human Rights when taking legal action in their own courts. People who can’t imagine what […]

Camerons Hong Kong IPO team gets hat trick

CMS Cameron McKenna’s initial public offerings (IPO) team in Hong Kong has advised on three flotations in its first month in operation. The combined deals account for 75 per cent of new issues listed on the Hong Kong Stock Exchange. The first deal was the flotation of Cedar Base Electronics, where Camerons acted for sponsors […]

Reckitt & Colman

Guiseppe Sanna, head of legal at Reckitt & Colman, could make good use of a crystal ball at the moment to divine what his professional future holds. A fortnight ago, the company merged with Dutch-based Benckiser to create the world’s largest household cleaning products company and job losses have been widely predicted. So far, three […]

Lecturer counts cost of injunction ruling

Roger Pearson reports on the efforts of a university lecturer’s bid to challenge an order to pay unexpectedly high legal costs. A Cambridge University history lecturer is to challenge an award of legal costs made against her after she failed to obtain a court injunction against the university. Dr Gillian Evans, of the faculty of […]

Stephenson Harwood builds Chinese wall

Stephenson Harwood is building a Chinese wall to keep its silk away from its solicitors. Insolvency barrister John Higham QC joined the London firm in April. But he continued to be retained by a rival firm, which he refuses to name, working for the co-defendants in a piece of asset-tracing litigation in the Cayman Islands. […]

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