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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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cape of good hope, south africa

Eversheds and Norton Rose Fulbright ramp up in Africa with local alliances

Eversheds and Norton Rose Fulbright (NRF) have both expanded their reach in Africa this week with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively. Eversheds’ latest tie-up is with Cape Town-based Walkers, a full-service firm that counts EY, Investec, Hyprop Investments, Nedbank, Old Mutual, RGA Reinsurance, Standard Bank, and Woolworths […]

Shoosmiths advises on £2.8m investment in aviation group

Shoosmiths has advised Business Growth Fund on a £2.8m growth capital investment in RVL Group, an aviation services provider that operates a fleet of 15 aircraft based at East Midlands Airport.   Part of the investment is to be used for the final stages of a major project to design and create a spray system […]

No5 Chambers’ van Overdijk co-authors book on protection of adults

Claire van Overdijk, member of No5 Chambers Court of Protection group, has co-authored a book titled  ‘The International Protection of Adults’, which concerns cross border mental capacity law. Also authored by Richard Frimston, Alexander Ruck Keene and Adrian Ward MBE, the book will be published by Oxford University Press in February 2015. International Protection of […]

Fried Frank axes Hong Kong and Shanghai offices in Asia shutdown

Fried Frank’s Asian ambition shuddered to a halt this week as the firm closed its operations in Hong Kong and Shanghai after seven years in the region. The move further reduces the firm’s presence outside the US. Although Fried Frank retains small offices in Frankfurt and Paris, it relocated its last Paris-based partner to London […]

scotland

Scotland’s Burness Paull increases bank balance in year after merger

Scottish firm Burness Paull strengthened its cash position by over £2m in the first full year following the merger of Burness and Paull & Williamsons, with the figure rising from £3.6m to £5.8m. According to LLP accounts filed at Companies House the firm, which was created via the December 2012 merger of Central Belt firm […]

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