China’s AllBright opens in Hong Kong and forms local association

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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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Eversheds comments on latest round of UK construction PMI numbers

Eversheds has commented on the latest round of UK construction PMI numbers, which appear to show a recovery taking hold. Michael Conroy Harris, construction expert at Eversheds, said: ‘It is encouraging we’re seeing the strongest figures since the construction industry fell off the cliff with the rest of the UK economy in 2007. ‘The industry […]

Allen & Overy advises BNP Paribas on capital increase executed by AIXTRON

Allen & Overy has advised BNP Paribas in connection with a capital increase of around €100m (£85m) executed by AIXTRON. The capital increase is to be effected through private placement by means of an accelerated bookbuilding process. AIXTRON will issue 10,223,133 new shares from the authorised capital to international institutional investors at a price of […]

India: more certainty for investors, or less? Actions to take regarding the latest on GAAR, TP safe harbours and subsidiary PE

By Stephen J Weerts Recent legislative and case law developments have clarified India’s position on a number of tax and transfer pricing issues. While many of these developments are intended to increase certainty for foreign investors, a number of open questions remain. Although certainty is one element of rebuilding confidence in India, certain recent clarifications […]

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Bar moves to fill direct access training gap

Young barristers are “thrown in at the deep end” when directly advising the public because of woefully inadequate training that has created acute dangers around vulnerable clients, the Bar Council’s annual conference heard at the weekend. The criticisms come only months after bar leaders significantly modified access rules. Until recently, barristers had to be a […]

DLA Piper appoints energy lawyer Andreas Gunst as partner

DLA Piper has appointed energy lawyer Andreas Gunst as a partner in the finance and projects group and energy sector team. He will work from the firm’s Vienna and London offices. For the past four years, Gunst has worked as chief legal counsel and compliance officer at Nabucco Gas Pipeline International. Prior to this, Gunst […]

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