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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 […]

Recommended

CC Brussels launches tax practice with PwC team

Clifford Chance is launching a tax practice from its Brussels office with the hire of a partner and team from PricewaterhouseCoopers (PwC) in Belgium. `Thierry Blockerye is expected to join Clifford Chance this month and will set up and head the new tax practice. A spokesperson for Clifford Chance said it is not yet known […]

Asim chairman comes from Clarke Willmott

Peter Nellist, partner and head of the private client department at Clarke Willmott & Clarke, has been made chairman of the Association of Solicitor Investment Managers (Asim). `The association exists to help firms give investment advice. Nellist is only the second solicitor to be elected chairman of the board.`”I was not expecting to be nominated,” […]

Deal of the Week – YELL

Once again, Weil Gotshal & Manges‘ great relationship with Hicks Muse scoops the firm an integral role on one of the biggest ever private equity deals in Europe. The deal overtakes the United Biscuits deal and Hillsdown in terms of size, both of which Weil Gotshal’s Mike Francies was involved with.`Francies had to convince Apax, […]

Harvard Law School

Harvard Law School is to pay off tuition loans for graduates who take public sector jobs. Harvard law students pay £26,000 a year for tuition fees, but if a graduate takes a job in government, a non-profit organisation or academia, the law school will meet their loan repayments.

Lovells becomes Equitable’s top adviser

Troubled mutual Equitable Life has named Lovells as its main legal adviser, despite its historic relationship with Denton Wilde Sapte. `Equitable Life chairman Vanni Treves described Lovells as the society’s main adviser at its annual general meeting on 23 May.`A Lovells team led by insurance specialist Robin Spencer is advising Equitable Life on a compromise […]

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