Draft of a new regime for the rescuing of banks in Germany

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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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Manufacturing investment in UK more likely than in eastern Europe, says Eversheds

Robin Johnson, head of diversified industrials at Eversheds, has commented following news from the CBI that British factory orders grew faster than expected in August due to a rise in overseas demand. According to Johnson, the political focus on creating a lower-cost, high-value manufacturing environment has resulted in the UK growing faster than the eurozone […]

Peru

Garrigues turns to Peruvian firm Rubio Leguía Normand for Lima office

Rubio Leguía Normand partners Óscar Arrús, Sergio Amiel, Thomas Thorndike and José Francisco Meier have joined Garrigues’ office in Lima. Arrús is now leading the projects team that advises on M&A transactions, finance and infrastructures. He was formerly a partner specialising in corporate law and capital markets at Peruvian firm Rubio Leguía Normand.  Amiel was a partner […]

DLA Piper consultant Michael Gill set to chair Code Compliance Committee

DLA Piper consultant Michael Gill has been elected to chair the Code Compliance Committee, which has been set up to oversee compliance within the insurance brokering industry in Australia. The Financial Ombudsman Service (FOS) and the National Insurance Brokers Association (NIBA) have established the committee to oversee compliance of the Insurance Brokers Code of Practice […]

Conyers Dill & Pearman advises Luye Pharma Group on $764m IPO

Conyers Dill & Pearman has advised Luye Pharma Group on its $764m (£475m) initial public offering (IPO) of shares by way of a global offering involving a Hong Kong public offering and international offering.  The listing in Hong Kong was the third-largest offering in Hong Kong in 2014 and follows its recent privatisation and delisting […]

South Korea: the next frontier?

South Korea has seen an influx of international firms in the past two years, with the likes of Baker & McKenzie, DLA Piper, Paul Hastings and Squire Patton Boggs all keen to take advantage of the market’s liberalisation. However, as we explore in this week’s special report on South Korea, the country may not hold […]

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