Imperfect timing

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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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Goodbodys, Dillons top Ireland’s funds league table

A&L Goodbody and Dillon Eustace have scooped the bulk of Ireland’s funds work as the value of funds services there approached the $1tr (£566bn) mark. Dillons topped the table for the second year running, remaining the largest legal adviser of funds in Dublin with 792. Goodbodys is its nearest rival in second place, advising on 573 funds, […]

Berrymans elects new senior partner

Berrymans Lace Mawer senior partner Paul Taylor is stepping down after 14 years at the helm of the insurance heavyweight, to be replaced by Terry Renouf. Executive board member Renouf was elected to the role and will take up office on 1 April 2006. He praised Taylor’s leadership, and said that he would maintain Berrymans’ […]

Dutch spilts caused by Continental Shift

Crisis meetings, office closures, partner walkouts: it doesn’t sound much like the Netherlands. But UK legal culture is infectious. De Brauw and Nauta Dutilh are finally starting to grapple with the strange concept of profitability. Until now the Dutch have had enough muscle to resist total invasion by the Brits, despite incursions by the magic […]

Switzerland

Switzerland may still have the reputation for discreet banking, but dubious funds can no longer take advantage of Swiss banking secrecy laws. Michael Fisher reports

Jersey: mediation

Jersey is catching up fast on the UK’s appetite for ADR. Gillian Robinson reports

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