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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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Secret Service documents to be released

Dechert is to ask the Treasury Solicitor to hand over secret service documents relating to the prosecution of the former director of Ordtec John Grecian, who is suing Customs & Excise for more than £1m in damages for malicious prosecution and misfeasance in public office.`Dechert senior assistant solicitor Lawrence Kormornick will bring the case after […]

Shearmans boosts New York property

Shearman & Sterling is ramping up its New York real estate practice with the hire of a team from the New York office of Los Angeles firm O’Melveny & Myers.`Partner Malcolm Kratzer is moving with three assistants to boost the firm’s capability in real estate finance and investments.`His clients include Deutsche Bank, Lehman Brothers Holdings, […]

Prologis

This deal for ProLogis is the first cash-funded multi-jurisdictional real estate securitisation in Europe and it is expected to be the first in a number of similar transactions which could total euro1.5bn (£905.3m) in the next three years. The euro213.8m (£129.5m) deal involves the securitisation of 31 properties based in the UK, the Netherlands and […]

Bond Pearce and Cartwrights merger to create £30m firm

Cartwrights to hive off insurance litigation team as Berrymans Lace Mawer waits in the wings Bond Pearce and Bristol-based firm Cartwrights have announced plans to merge from 1 July, but will spin out Cartwrights’ insurance litigation practice as an independent partnership.`The firms have been discussing a merger since December 2000. Cartwrights managing partner Christopher Eskell […]

Reforming the classes

In February 2001, the Lord Chancellor’s Department (LCD) issued a consultation paper called ‘Representative Claims: Proposed New Procedures’. The proposal has been issued in line with the Government’s aim to improve access to justice.`In private law cases, claimants must show that they have a legal right that they are seeking to enforce. But in public […]

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