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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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Addleshaws set to defend sexual discrimination allegation

Addleshaw Goddard has found itself the subject of a sexual discrimination claim brought by a construction litigator who claims she was treated unfairly after returning to work following mater-nity leave. Ragene Raithatha brought her claim after leaving Addleshaws in September 2005, having worked at the firm’s Manchester office since 2001. Raithatha is claiming up to […]

Burges Salmon helps set up Islamic financing tool

Burges Salmon has advised on an innovative commercial property Islamic finance product for longstanding client Bristol & West Property Finance. The law firm worked in conjunction with Bristol & West Property Finance and property broker Gamble & Spencer to create a sharia-compliant instrument for the refinancing of two investment properties. The deal size has not […]

Milbank, Slaughters in UK first with ITV takeover offer

Milbank Tweed Hadley & McCloy and Slaughter and May have secured the lead roles advising the consortium attempting to take control of ITV with a groundbreaking deal that marks the first of its kind in the UK. As first revealed on www.thelawyer.com (24 March), Milbank and Slaughters are advising a consortium consisting of Apax Partners, […]

Separated at birth

Is it just a coincidence that Collins Stewart Tullett’s head of legal Simon Clark is a dead ringer for surreal comedy supremo Vic Reeves? Surely one of the more unlikely court battles of recent years was the broker’s defamation battle against the Financial Times, in which Collins Stewart initially claimed £37m and ultimately won £300,000? […]

Bond Pearce managing partner lands ILA top job

Bond Pearce managing partner Victor Tettmar (left) has been formally installed as national president of the Insolvency Lawyers’ Association (ILA). Tettmar has taken over from Ken Baird at Freshfields Bruckhaus Deringer and will hold the post for a year. Tettmar is based at Bond Pearce’s Bristol office and has been the firm’s managing partner since […]

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