Hungary is open to financial regulatory innovation

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Related briefings

Hungary: Tricks and Traps of Electronic Communication

By Kinga Hetényi, Alexandra Bognár We have seen continuous development over the past few years in the means of communication with the judiciary as well as central and local administrative bodies. But there are pitfalls one should be careful to avoid. The basics of electronic administration Electronic administration allows users to communicate efficiently with courts, authorities and […]

Don’t jump the gun! Mergers may be caught in the Romanian Competition Council’s crossfire

By Mona Banu, Cristiana Manea Gun jumping refers to premature enforcement of a merger before obtaining clearance from the competition authority. While most companies are aware of this interdiction, it can be difficult to balance the scope of the competition standstill obligation during the pre-closing period and the measures taken by the acquiring company to protect the […]

Austrian Constitutional Court declares percentage Cap of Copyright Levies null and void

By Adolf Zemann, Guido Kucsko Copyright levies on recording media have been occupying the Austrian courts, courts of other Member States and the CJEU frequently over the last few years. A recent decision of the Austrian Constitutional Court adds another chapter to this never-ending story. The background Based on the InfoSoc-Directive (2001/29/EC), Member States must provide that […]

Hungarian Competition Authority revokes its decision clearing Digi’s acquisition of Invitel and imposes a significant fine

By Anna Turi The Hungarian Competition Authority (HCA) cleared the acquisition of sole control over Invitel Távközlési Zrt (“Invitel”) by Digi Távközlési és Szolgáltató Kft (“DIGI”) conditionally – with commitments – in May 2018. A few months later, it established that DIGI had intentionally misled HCA officials and therefore revoked the decision and imposed a fine on […]

Romania: Amendments to the tax law as of 1 January 2019

By Theodor Artenie, Anamaria Tocaci, Alexandra Barbu Emergency Ordinance No. 114/2018, on the establishment of measures in the field of public investments and of fiscal-budgetary measures, the amendment and supplementation of some normative acts and the extension of some deadlines, recently introduced a series of legal changes with a fiscal impact. Below we summarise the most important changes in […]

Latest Briefings

Taxation of a Shareholder’s Income In the Acquisition of a Limited Liability Company’s Own Business Share

This article aims to provide answers to a “hot topic” legal issue, often raised by shareholders, regarding the legal grounds for taxation of a natural person’s income derived from selling his business share to his limited liability company (where the company acquires its own business share) in the Republic of Slovenia. This article aims to […]

Significant beneficial owner: SEBI makes listed companies comply

On 7 December 2018, the Securities and Exchange Board of India (SEBI) issued circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 (Circular) to modify Circular No. CIR/CFD/CMD/13/2015 dated 30 November 2015 (Format for Disclosure of Holding of Specified Securities and Shareholding Pattern) issued under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Pursuant to the modification, […]

New amendments to CIRP regulations – Relief for bidders and dissenting financial creditors

The Insolvency and Bankruptcy Board of India (IBBI) amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the fourth time in 2018 on 5 October 2018 through the IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2018 (Amendment Regulations). The Amendment Regulations have come into force on 5 […]

Risks for liability insurers and their insureds: #MeToo

By Susie Wakefield, Antonia Blackwell One year on from #MeToo, Bloomberg estimates at least 425 prominent people across industries had been publicly accused of sexual misconduct. These headlines have brought the issue of how employers tackle sexual harassment in the workplace into the spotlight. In addition to dealing with any allegations of sexual harassment, organisations will […]

Zero-hours contracts – Common pitfalls for employers

By Jo Tunnicliff “Zero-hours contracts can be a positive part of work-life balance if they offer genuine two-way flexibility,” says Matthew Taylor, the government’s lead reviewer of modern working practices. As our previous article set out, the Taylor Review made recommendations designed to improve the working conditions of individuals working in the gig economy, including zero-hours […]



Freshfields takes charge for Mars on Lavazza coffee deal

Freshfields Bruckhaus Deringer has won its third significant M&A mandate from Mars in the last few months, advising the manufacturing giant  on the sale of its coffee division to Italian company Lavazza. Over the summer, the magic circle firm represented the company’s petcare division in two linked transactions that saw it acquire European business AniCura […]

DWF hit in Scotland by Shepherd & Wedderburn team hire

On the day that DWF announced it had broken into the US legal market, the firm’s Scottish practice has been dealt a blow with the loss of a nine-lawyer team to Shepherd & Wedderburn. Property and infrastructure partners Joanna Hamilton, Anthony McEwan and head of planning Moray Thomson will join the Scottish independent firm bringing […]

Gowling WLG advises on acquisition of Aston Manor Cider by Agrial Group

Gowling WLG’s global food and drink team has advised Aston Manor, the UK’s largest independent cider producer, on its sale to Agrial Group. With £134 million turnover for 2017, Aston Manor’s range of brands includes Kingstone Press, Frosty Jack’s and Knights, as well as own-label products for British retailers. Founded by former Aston Villa chairman, […]

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Travers Smith and Cooley advise on Shazam-Apple deal

Travers Smith has led on the acquisition of music recognition app Shazam by Apple after the deal was cleared by EU regulators. Shazam was advised by a team led by corporate finance partner Andrew Gillen which also included corporate finance senior associate Jamie Lumsden and  corporate finance associates Simon Inder and Graeme Scotchmer. In addition, […]

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The speed read: City 50 unveiled, A&O after Dagg and LOD’s US plan

There are three things that keep City managing partners awake at night. First, the US firms. Second, tech and New Law. And third, Brexit. This week saw all three issues in the spotlight. The extent of US firms’ growth in London was shown by the unveiled City 50, The Lawyer’s ranking of US and UK […]

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