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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 […]

Recommended

CC sets up joint venture with Japanese law firm

Clifford Chance is extending its Asian practice by forming a joint venture in Japan. The move will give the magic circle firm one of the biggest joint ventures in the country. Its Tokyo office already has 28 fee-earners, five of which are partners. The partner firm will be Tanaka & Akita, which is being created […]

Real Estate

Chelsfield sells 1 Golden Lane for £41m to an unnamed Middle Eastern investment company and pre-lets Bankside-based Riverside House office development to the Financial Times Group. Chelsfield represented on both the sale and pre-letting by SJ Berwin (John Eldridge). On the lease agreement for Chelsfield, construction advice by CMS Cameron McKenna and planning advice by […]

Lib Dem leader attacks use of Slaughters

Manchester City Council is under attack from the local leader of the Liberal Democrats for its decision to use Slaughter and May as its legal adviser. Following a report in The Lawyer (12 February), councillor Simon Ashley has sent an email to the city solicitor requesting details on why the work was not tendered, the […]

Screen savers

Over the past couple of years, an online dealroom has become the must-have accessory for the City’s finest. To date, though, there has been very little feedback on their success or client interest. And while some predict that the online dealroom will soon become the workplace norm, for many others the question is, what do […]

Technology, Media and Telecommunications

Interactive entertainment software company Warthog is admitted to AIM with a capitalisation of £18m and proceeds of £5m. Warthog advised by Halliwell Landau (Nigel Brown). Anite Group acquires Calculus Solutions, a provider of customer care and billing software solutions to telecoms companies, for a maximum of £50m, dependant on Calculus meeting profit targets. Anite advised […]

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