Spain: new limits to the tax deductibility of interest

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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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Clydes’ revenue rises 8.5 per cent to £365.1m, predicted PEP at £600k

Clyde & Co has increased its revenues by 8.5 per cent from £336.6m to £365.1m for the 2013/14 year-end. Clydes chief executive Peter Hasson said average profit per equity partner (PEP) was expected to come in at £600,000, 3.5 per cent ahead of the £580,000 posted in 2012/13, although this was yet to be confirmed. The […]

Khaitan & Co advises Elder Pharmaceuticals on sale of business to Torrent

Khaitan & Co has advised Elder Pharmaceuticals Ltd in relation to the sale of some of Elder’s branded domestic formulations business in India and Nepal to Torrent Pharmaceuticals Ltd by way of a slump sale for a lump sum consideration of $324m (£193m) approximately. Elder Pharmaceuticals is an integrated pharmaceutical player, headquartered in Mumbai, with […]

Eversheds set to host 6th Annual UK Ports Conference

Eversheds has announced it will be hosting the 6th Annual UK Ports Conference, which will discuss the challenges facing port owners and operators and will provide essential updates on the policy and initiatives proposed by the European Commission and the UK government. Hosted at the Eversheds London office on 25 June 2014, delegates will hear from […]

Conyers advises CRE on establishment of joint venture incorporated in BVI

Conyers Dill & Pearman has provided British Virgin Islands (BVI) and Cayman Islands legal advice to China Resources Enterprise (CRE) in relation to the establishment of a joint venture company incorporated in the BVI between CRE and Tesco and their respective group companies to create a multi-format retailer in China. CRE is a company listed […]

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