Money talks

Political changes have meant the CEE has been a risky market for investors, but arbitration is paving the way for a better-protected future.

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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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Thring Townsend reveals acquisition strategy

Thring Townsend Lee & Pembertons has unveiled an ambitious plan to more than double turnover within five years through strategic acquisitions. The Bath firm, which last year expanded into London following the takeover of Lee & Pembertons, is expected to report a turnover of £18.3m for the year ending March 2008. Managing ;partner Thomas Sheppard […]

Taylor Wessing posts 11 per cent revenue rise

Taylor Wessing has posted a double-digit increase in turnover, boosting global revenue by 11 per cent to hit a total of £180m. Taylor Wessing’s UK branch grew at a similar rate, posting a similar turnover increase of 11 per cent to reach £97.5m. This figure marks and increase of £7m from last year’s haul of […]

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FTSE 100 clients demand diversity

THE LAW Society has completed the first draft of its diversity charter with help from a number of FTSE100 companies, including BT, it was revealed at The Lawyer’s Diversity in Law 2008 conference.

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