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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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Oil giant's legal chief joins Linnells

The legal and risk director at oil giant Burmah Castrol is leaving to join Oxford firm Linnells. Peter Elliott, who joined the company in the middle of last year, was responsible for all corporate transactional work including corporate aspects of the recent merger with BP. BP offered Elliott a post in its legal department but […]

Jones Day expands in Asia with the opening of a Singapore office

Cleveland firm Jones Day Reavis & Pogue is opening an office in Singapore, its eighth outpost in Asia and its 25th worldwide. The firm has gained approval to practise from the Singapore authorities and plans to open its doors in January next year. Head of the firm’s Indian practice Jay Pathak is moving in to […]

Brief encounter: freshfields

THE AMSTERDAM office of Freshfields Bruckhaus Deringer has come a long way since May 1999, when it opened with just four partners working out of temporary offices. Rapid expansion has brought its partner count up to 14, the bulk of them creamed from Dutch magic circle firms. The practice is neatly focused on corporate and […]

Millenium Man

With no in-house lawyers, when the Millenium Commission needs a lawyer it needs it fast. Add to this the responsibility of handling the public’s money and head of corporate Jerry Michell gains everyone’s sympathy. Chris Brock reports When the Millennium Commission was set up under the 1993 Lottery Act, everybody knew that it would not […]

White collar crime: THE RELEVANT SECTI0NS OF THE ACT

ARTICLE 6: THE RIGHT TO A FAIR TRIAL 1. In the determination of his civil rights and obligations or of any criminal charge against him, everyone is entitled to a fair and public hearing within a reasonable time by an independent and impartial tribunal established by law. Judgment shall be pronounced publicly, but the press […]

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