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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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News in brief

Stephenson Harwood has taken on property finance and development partner Stephen Koehne (right) from DJ Freeman. Koehne advises both lenders and borrowers in connection with the funding of development and investment properties. He also advises developers. He brings with him a number of clients, including the Royal Bank of Scotland, the Woolwich and a number […]

Prologis

This deal for ProLogis is the first cash-funded multi-jurisdictional real estate securitisation in Europe and it is expected to be the first in a number of similar transactions which could total euro1.5bn (£905.3m) in the next three years. The euro213.8m (£129.5m) deal involves the securitisation of 31 properties based in the UK, the Netherlands and […]

Beachcrofts' Birmingham office lands city council advisory role

Beachcroft Wansbroughs’ Birmingham office has been appointed to a new role working alongside the City Council’s strategic procurement services division.`Beachcrofts will provide the department with specialist legal and strategic advice and will work on specific projects on an outsourcing basis.`The team also expects to be assisting the department in meeting the requirements of best value. […]

The weakest link

The rumour mill has been grinding in UK-US merger circles: apparently one managing partner of a UK firm can communicate with his US counterpart only through a designated US intermediary.`And this is one of the mergers that went ahead. Many more have fallen by the wayside, most notably Ashurst Morris Crisp’s talks with Latham & […]

W&A and Ford Gunningham join forces

Wiltshire private client specialists Wood & Awdry and Ford Gunningham have agreed to merge to strengthen their legal and financial services. The new firm now operates as Wood Awdry & Ford from offices in Chippenham and Marlborough.`Richard Ford of Ford Gunningham and Christopher Yates of Wood & Awdry become joint senior partners. A new management […]

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