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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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Gowling WLG advises on Charme acquisition of JD Classics

The Gowling WLG corporate team has advised on the sale of the majority stake in JD Classics to the pan-European mid-market private equity firm Charme III. The firm advised Derek Hood, founder of premium car restoration business JD Classics, on the transaction. Derek will retain a significant stake and will partner with Charme and the […]

Gowling WLG advises on £11m Mercia acquisition

A March 2016 instruction saw several of Gowling WLG’s teams collaborate to assist client Mercia Technologies plc (Mercia) on its acquisition of Enterprise Ventures, a leading provider of early stage and growth finance. Corporate partner Kristian Rogers led on the deal with support from senior associate Mark Rowan and associate Laura Le Marechal in the Corporate team and partner Jon […]

Gowling WLG helped in second-largest pensions buy-in

Gowling WLG advised longstanding pensions client Rothesay Life on a bulk annuity deal with the Civil Aviation Authority Pension Scheme, worth £1.6bn. At the time of completion, this was the second largest buy in ever secured by a UK pension scheme. It was also the UK’s largest de-risking transaction completed at the time. Pensions partner Paul Feathers led […]

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