Accountants required to produce documents to assist liquidators

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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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AIM-listed Fairpoint set to ramp up legal offering after Simpson Millar acquisition

AIM-listed consumer financial services business Fairpoint Group has stated its commitment to expanding Simpson Millar after it completed its acquisition of the firm earlier this week for an £8m consideration. Fairpoint secured a £20m funding facility from Allied Irish Banks (AIB) earlier this year both to fund the acquisition and to underpin its future consolidation […]

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Magic circle firms help B&M IPO take off

Despite Pfizer’s recent bid for Astra Zeneca ultimately falling flat, the pharma frenzy continues. Medical device and equipment maker Medtronic has just announced plans to acquire Irish rival Covidien for a whopping $42.9bn with a little help from advisers Wachtell Lipton, Arthur Cox, Cleary Gottlieb and A&L Goodbody. Companies looking to the float have seen […]

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