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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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Khaitan advises Divgi Warner on Borg stake

Khaitan & Co advised Divgi Warner Private Limited in relation to acquisition of 60% stake from Borg Warner Inc., joint venture partner for $15m. Divgi-Warner is a joint venture between BorgWarner, USA and Divgi-Metalwares, India, bringing over 100 years of product innovation in drivetrain technology. The customer base includes TATA and Mahindra in India, as well […]

My career story: “I quit my dream job in law to be a weathergirl”

Denise Nurse trained at Charles Russell and worked in-house at BSkyB before embarking on a second career as a broadcaster, presenting for Sky News, Sky Travel and hosting Escape to the Country for the BBC. She established ‘alternative law firm’ Halebury with business partner Janvi Patel in 2007. What’s your background? Why did you become […]

Khaitan advises Divgi on PE investment

Khaitan & Co advised Divgi Metalware Private Limited in relation to a private equity investment by Nandan Nilekani through his Private Equity Fund NRJN Family Trust in Divgi Metalware Private Limited for $4.5m. DIvgi Metalware Private Limited is in the business of manufacturing of gears and screw machinated parts. Sharad Abhyankar (Partner) and Ashwinee Oturkar […]

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