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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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Third-party inducements bans in the Netherlands

On 1 January 2013, the inducement rules for non-MiFID products were amended in the Netherlands by the introduction of a complete ban on third-party inducements. The ban means that financial service providers are no longer allowed to receive inducements for acting as an intermediary or an adviser in respect of these products. The background to […]

Walker Morris set to attend All-Energy 2013

The Walker Morris Renewables, Energy & Resources Group will be exhibiting at All-Energy 2013. The team will also be hosting free legal surgeries at the Walker Morris stand to provide no-obligation, 30-minute discussions for anyone who wants to talk through projects generally, specific issues or just ideas. The All-Energy exhibition and conference is set to […]

EU transaction tax likely to cause distortion in the financial sector

If the proposals for a financial transaction tax (FTT) are implemented as proposed by the European Commission, the FTT is likely to cause distortion in the financial sector, both within the EU and outside, and will almost certainly change the way we do business. The FTT will apply to securities and derivatives transactions by financial […]

May forecast: gloomy, with sunny spells

Nobody likes being the bearer of bad news, particularly when Britain is being hit by snow and 65mph winds in mid-May. But in the theme of moping, we might as well mope and moan a bit more. Because this week’s news has been about shrinking companies and streamlined legal teams, which isn’t much fun for […]

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