National Bank of Ukraine introduced mandatory sale of 100 per cent foreign currency proceeds

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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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Freshfields

Freshfields to hire international project management team

Freshfields Bruckhaus Deringer’s dispute resolution head is recruiting a new global leadership team responsible for project management and could lure an in-house contact to take overall responsibility for the group. Dispute resolution head Christopher Pugh will hire around six new project managers with potential candidates coming from within the firm as well as from in-house […]

fork

Kurobata, W2

Nicky Richmond finds Kurobata in Marble Arch not quite to her taste. I tend not to read reviews before I eat somewhere new – I find that I’m swayed. I do want a vague sense of whether it might be snog/marry/avoid, but nothing more. This is a fairly simple space on the ground floor of […]

Manchester

Cobbetts’ bank debt deferred pending legal action

Cobbetts’ administrator KPMG has postponed a final distribution of £336,687 to Lloyds Bank after receiving notice of legal action relating to the sum by four former partners. KPMG’s final report said it intended to make the final distribution to the bank before the end of the administration but now has to hand investigation of the […]

DLA Piper advises on largest LIC IPO to list on ASX post global financial crisis

DLA Piper was the principal legal adviser on the largest listed investment company (LIC) initial public offering (IPO) to list on the Australian Securities Exchange (ASX) post global financial crisis (GFC). The new LIC, QV Equities, commenced trading on the ASX on 22 August 2014. The IPO has initially raised AUD185m (£104m) of fully paid […]

Overall UK manufacturing prognosis still very positive, says Eversheds

Robin Johnson, head of diversified industrials at Eversheds, has commented on the latest projections for UK manufacturing growth. He said: ‘Everything still points to a strong and sustainable recovery in manufacturing in the UK. The weakness of the eurozone is a negative impact as is the strength of sterling. Long-term investment in training and research and […]

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