Clear days: some clarity

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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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Herbert Smith

HSF cuts debt by 21 per cent in first full year after merger

Herbert Smith Freehills (HSF) reduced its debt position in its first full year as a merged firm, although it still ended the 2013/14 year with borrowings of £141m. As the firm in its current form was created via the October 2012 merger of UK firm Herbert Smith with Australia’s Freehills (28 June 2012) the previous […]

Conflict of laws and jurisdictional disputes

The barristers at 11 Stone Buildings frequently advise on conflict of laws, jurisdictional disputes, applicable law and enforcement of judgments. Click here for more information. This information was sourced from the 11 Stone Buildings site.

Kirkland at centre of lateral moves market with Linklaters’ Elliott hire

There is no end in sight for the current round of UK heavy hitters jumping ship for US rivals, with Linklaters’ real estate M&A practice head Matthew Elliott becoming the latest departee. As revealed by The Lawyer today, Elliot is joining Kirkland & Ellis, the firm that has contributed disproportionately to the current lateral hiring […]

Tax

We are able to offer a comprehensive tax service covering corporate and individual tax planning for UK and international clients, and dealing with all the major direct and indirect taxes. We can assist in advising on tax planning as well as compliance issues, offer tax-efficient document drafting, particularly in the private client area, and handle […]

MP report accuses MoJ of playing catch-up with civil legal aid reform

Less than a month after The Law Society’s appeal against legal aid cuts reached the courts, the Ministry of Justice (MoJ) has been hit with a damning report on its civil aid reformsfrom MPs in the Public Accounts Committee. The report states that the MoJ has been playing catch-up since the implementation of its reforms […]

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