CGT, VAT, SDRT… now FTT (financial transaction tax)?

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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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Law rocks

Who rocks best, lawyers or bankers?

Next month will see the cream of the UK legal market music talent rock the Square Mile, as a mini Glastonbury come to Guildhall Yard in the raucous form of the City’s Got Talent. On the back of the huge success of legal market battle of the bands Law Rocks (30 May 2014), the City’s […]

clyde & co clydes

Clydes’ revenue rises 8.5 per cent to £365.1m, predicted PEP at £600k

Clyde & Co has increased its revenues by 8.5 per cent from £336.6m to £365.1m for the 2013/14 year-end. Clydes chief executive Peter Hasson said average profit per equity partner (PEP) was expected to come in at £600,000, 3.5 per cent ahead of the £580,000 posted in 2012/13, although this was yet to be confirmed. The […]

Eversheds joins forces with Knight Turner and announces new office in Durban, South Africa

Eversheds continues to expand its operations in Africa by joining forces with leading Durban-based law firm Knight Turner. The affiliation will see the independent Durban firm re-brand as Eversheds KZN with a dramatically expanded scope and reach of its product offering, while retaining its reputation for personalised service. The move follows the formation of Eversheds’ Pan-African strategy, […]

Murkier corners of wholesale markets merit a spring clean, says Eversheds

Paul Worth, head of financial institutions at Eversheds, has commented on news that the incoming deputy governor of the Bank of England is to drive through changes to foreign exchange and other benchmarks. The anticipated regulatory changes to benchmark controls are part of a much wider review into wholesale markets that the chancellor has announced. The Fair and Effective […]

Allen & Overy warn of scam using the firm’s name operating in European countries

 Allen & Overy has warned that a scam using the firm’s name is currently operating in a number of countries, including Belgium, Germany and Luxembourg. The fraud has consisted of an email which comes from a ‘Dr Jur Thomas Boss’, in the examples seen to date, and originates from a Gmail account incorporating the words ‘allenovery’, […]

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