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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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A&O poised to win Guardian iT after SunGard takeover

SJ Berwin is advising debt-laden disaster recovery client Guardian iT on a recommended £56m take-over offer from US counterpart SunGard Data Systems. SunGard, advised by Allen & Overy (A&O), was the successful bidder out of a reported five companies which have been chasing Guardian iT since mid-February.The Lawyer understands that A&O will win Guardian iT […]

DLA in double Belgian thrust

DLA is strengthening its Brussels office just months after completing its first full European merger as it takes on the lawyers from Arthur Andersen’s Belgian firm Caestecker & Partners Following the Enron debacle, lawyers at Caestecker have voted to dissolve the partnership and join DLA, creating a 95-lawyer Belgian practice. This includes an office in […]

Lords kills time-bar limitations

The debate of ‘to shred or not to shred’, sparked by Andersen’s role in the Enron debacle and the recent criticisms of lawyers in Australian tobacco litigation, reared its head in a House of Lords case last month In Cave v Robinson Jarvis & Rolf, the Law Lords overturned a ruling last year that restricted […]

Keeping secrets

The Data Protection Act 1998 is likely to have the impact that its predecessor lacked. Michael Ford reports on the new code

Memery Crystal disputes £4.3m Citib@se negligence claim

Memery Crystal is facing a hotly-disputed £4.3m negligence claim from office space provider Citib@se over advice it gave relating to a property lease in 1998 Citib@se says the advice led to a significant loss of business.Citib@se was letting office space in Gillingham Street, London to commercial tenants. It was served notice on its 10-year underlease […]

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