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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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Borenius and Lawin lead as Ask.com owner IAC acquires Ask.fm

Baltic firms Borenius and Lawin have taken the lead roles on the acquisition of social media site Ask.fm by questions and answers site Ask.com. LAWIN’s Riga office advised Ask.com parent IAC on the deal, which completed last week for an undisclosed amount. Borenius acted for Rubylight Technologies, which owned 40 per cent of Ask.fm. Rubylight […]

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Slater & Gordon UK doubles revenue to £101m for 2013/14 year

Slater & Gordon’s UK revenues have smashed through the £100m barrier, with an 119 per cent increase in turnover from £46.1m to £101m (A$182.5m) for the 2013/14 financial year. The firm’s preliminary financial report to the Australian Stock Exchange (ASX) attributed £15.1m of the firm’s overall net profit after tax to its activity in the […]

Patricia Gannon speaks at EU conference on sustainable energy in the Balkans

At a recent EU conference, Karanovic & Nikolic partner Patricia Gannon highlighted the many opportunities available to investors in the sustainable energy sector in the Balkans. Gannon said that despite the many political and regulatory hurdles facing investors, it is clear that a sustainable policy needs to be developed for the region as it accedes […]

Fieldfisher

Fieldfisher hires Bristows partner Grant to head its privacy team

Fieldfisher has hired Bristows IT partner Hazel Grant to replace Eduardo Ustaran as the head of its privacy team. Grant, who will begin work at Fieldfisher on 26 August, has been a partner at Bristows since 2009 and previously spent nine years at Bird & Bird. She specialises in data protection, and has worked for […]

High Court

SFO turns to Blackstone’s Saini QC for £300m Tchenguiz battle

The Serious Fraud Office (SFO) has switched lead counsel in one of its biggest ever cases, instructing Blackstone Chambers’ Pushpinder Saini QC in place of Serle Court’s Dominic Dowley to lead the defence of a £300m claim from the Tchenguiz brothers. The SFO has also added One Essex Court’s Charles Graham QC to its team. […]

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