CEE overview – Business to consumer protection

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Hungarian government settles pharma debts: An opportunity for factoring companies?

By Gergely Szaloki Hungarian hospitals are facing problems paying for drugs and medical devices. Many suppliers have claims worth millions of euros and are having difficulty enforcing them against either the hospitals or the Hungarian government. To resolve this, the Hungarian government entered into negotiations with suppliers whose claims exceed HUF 100m (approx. EUR 300,000). The government […]

Response to ECJ decision on measuring air pollutants (Austria)

By Christoph Jirak Introduction The EU Air Quality Directive (2008/50/EC) defines thresholds for certain air pollutants, such as nitrogen dioxide, ozone or particulate matter.(1) If air pollution exceeds the permissible limit, EU member states must establish appropriate air quality plans to remedy this situation as soon as possible. The directive stipulates where the corresponding air […]

The Restructuring Directive: Where do we go from here?

By Vid Kobe, Soňa Hekelová, Tsvetan Krumov, Philipp Wetter Pre-insolvency restructuring frameworks: The race has begun – with some early front runners The Restructuring Directive provides a deep toolkit for pre-insolvency restructuring frameworks. Key measures for avoiding insolvency proceedings within the scope of a preventive restructuring plan include the possibility of suspending enforcement and insolvency […]

Latest Briefings

Processing activities subject to a data protection impact assessment

The European Data Protection Board (the EDPB), an independent body which ensures the consistent application of the GDPR throughout the European Union and promotes cooperation between the EU’s data protection authorities, has adopted an opinion on the list of processing activities that are subject to a requirement of data protection impact assessment (the DPIA). The […]

Casual electronic communications at the workplace concerning business issues

Electronic communications, including e-mails and text messages, have become the rule in business and enterprise environments. They are efficient, easy to resort to and inexpensive. They are usually sent hastily and are believed to remain private. Also, they are not usually filed or preserved electronically and may often be lost or deleted along the way. […]

Q&As regarding employment management measures during COVID-19 control period

By Ding Liping, Sun Xun The emergence of 2019 novel coronavirus disease (COVID-19) outbreak in China has aroused deep concerns not only from companies who have business in China but also who have business contacts with their Chinese counterparts. We are now in a situation that some companies have partly resumed their work while some […]

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Simpson Thacher breaks through $200m mark with record London financials

Simpson Thacher & Bartlett has posted a 14 per cent rise in London office revenue for 2019, an increase of some $25m. The growth from $176m to $200.6m is the first time Simpson Thacher has exceeded $200m in UK turnover. Total qualified lawyer numbers rose from 93 to 104, a 12 per cent increase effectively […]

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HSF partner capital increased by £13m over 2018/19

Herbert Smith Freehills (HSF) asked partners to cough up an extra £77,000 each in capital over 2018/19, the firm’s most recent LLP accounts have revealed. The figures reveal that HSF’s partner capital increased by £13.4m over the last financial year, as the firm sought to balance out its bank borrowings. The accounts state that partner […]

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