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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 […]

Recommended

Walker Morris advises Mibelle on majority stake purchase of Quantum Beauty

A multidisciplinary team from Walker Morris has advised private label manufacturer Mibelle Group on its acquisition of a majority shareholding in Quantum Beauty Company.  QBC is the owner and creator of brands including Lee Stafford Haircare, Arganoil from Morocco and Salon Science Haircare. While QBC continues consolidating the global success of its own brands, the two companies […]

Schoenherr guides AIM Software sale

Schoenherr has advised AIM Software Group on investment by Welsh, Carson, Anderson & Stowe. The firm advised on the receipt of an investment from and transfer of a majority interest to US-based private equity firm Welsh Carson Anderson & Stowe (WCAS). AIM is a provider of data management software products to the financial services industry. AIM’s […]

housing estate

Sovereign Housing Association adds four firms to 14-strong legal panel following review

Sovereign Housing Association, the largest social housing provider for the south and southwest of England, has grown its legal panel by 40 per cent, adding four firms to its roster of advisors. Blake Morgan, Clarke Willmott, Housing Law Services and Wright Hassall will join 10 firms that include Ashfords, Osborne Clarke and Winckworth Sherwood on the […]

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