Current issues in the taxation of real estate

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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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Increasing profits is the biggest challenge of 2015, say 55 per cent of UK lawyers

New research covering a range of firms from all regions and including the magic circle has revealed that 55 per cent of respondents believe that improving profitability is the biggest commercial challenge they face this year. The survey also asked how much law firms are expecting their turnovers to increase by in 2015. Respondents said […]

Barclays

Barclays Capital general counsel Judith Shepherd to step down

Barclays Capital general counsel Judith Shepherd has resigned from her role today (9 January) and is set to leave the company in the first half of 2015. Barclays has yet to announce a replacement for Shepherd, who joined the bank from US firm Gibson Dunn & Crutcher in 2006 as deputy group general counsel. She was then appointed […]

film

Vue rolls out red carpet for new group general counsel

Cinema chain Vue Entertainment International has hired Tui Travel’s general counsel for aviation, hotels and emerging markets, Euan Sutton, as its new group general counsel. He will replace former group general counsel Anne Whalley, who left the company in September last year after 11 years in the role. Sutton is to take on his new […]

allen & overy

Belfast support centre helps Allen & Overy cut staff costs by £15m

Allen & Overy (A&O) saw its total staff costs reduce by £15m in 2013/14 largely thanks to shifting a swathe of its support function from London to Belfast over the past few years. In 2011 the firm announced plans to transfer up to 180 support roles to Belfast, where it was launching a low-cost service […]

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