Planning update — January 2015

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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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Fried Frank to shut Hong Kong and Shanghai offices in international downsize

US firm Fried Frank Harris Shriver & Jacobson has called time on its beleaguered Hong Kong and Shanghai offices, with plans to close its Asian operations after seven years in June 2015. Ongoing discussions are thought to revolve around the possibility of maintaining a service office in Hong Kong, which could be an unmanned office […]

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Conyers Dill & Pearman’s Dubai office set to host 2015 Offshore Law Forum

On 3 February 2015, Conyers’ Dubai office will host its Offshore Law Forum. The event will feature a panel of senior lawyers from the firm’s global offices who will provide updates on trends in the Cayman Islands, British Virgin Islands, Bermuda and Mauritius. Topics will include: Capital raising and investment products, including insurance linked securities […]

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Withers enters formal alliance with Singapore firm KhattarWong in bid to grow Asia revenue

Withers has agreed a formal alliance with Singapore-based firm Khattar Wong as part of its strategy to expand in Asia. The two firms began negotiations shortly after moving into the same office building in 2012. Discussions became increasingly serious before the pair finally applied for regulatory approval last summer.  The formal law alliance (FLA) will […]

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