Law firm profile: Arzinger

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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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SAS Daniels COO joins equity ranks

SAS Daniels has become the latest firm to promote a non-lawyer into its equity partner ranks. Chief operating officer (COO) Andrew Perry has taken over responsibility for the central management of all the firm’s offices across Cheshire. Perry joined the firm as business manager in 2003. “Equity ­status adds an even greater level of involvement […]

Eversheds’ grand payout

Despite it being summer, these are still dark days. Our story earlier this month (12 July) revealing a half-billion-pound reduction in the total revenue generated by the UK’s top 30 law firms underlined how hard they were hit in 2009-10. The truth is that things haven’t improved much. And now that August is almost upon […]

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Ex-Halliwells Sheffield staff celebrate new start with musical video

Kennedys has marked its launch in Sheffield through the acquisition of a 65-person team from Halliwells with the production of a musical video miming to Queen’s hit song Don’t Stop Me Now. It commences with former head of Halliwells’ Sheffield office Suzanne Liversidge sat with two colleagues asking: “Right, first day at Kennedys guys, wonder […]

Winding down wind-ups?

The Cayman Islands has long been seen as an investor-friendly jurisdiction, but as Peter Hayden explains, winding up funds has become a whole lot trickier since the downturn Following the financial crisis a number of issues have arisen in the Cayman Islands ­surrounding the ability of an investor to wind up a fund. The issues have tended to […]

2

China crisis?

The Chinese government has taken a tougher stance on direct foreign investment, but this hasn’t stopped BVI or Cayman vehicles being the most efficacious medium for doing so. By Greg Knowles  For many years now foreign direct investment into China has routinely been structured through holding companies incorporated in jurisdictions outside China, particularly in […]

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