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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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Flotations & Financing

A team from US firm Latham & Watkins, led by managing partner of the London office Joseph Blum, represented the State of Qatar in raising $1bn in the southern Arabian state’s first international sovereign debt offering. The debt was sold to US, European and other investors. The underwriters in the offering were Credit Suisse First […]

City firms look to Libya as UN halts sanctions

City firms are eyeing Libya as a new target for offices after the suspension of UN sanctions following the handover of the Lockerbie bombing suspects. Gareth Driver, a partner at South African firm Werksmans, says: “Libya is going to become of interest. But it is only this week [that the lifting of UN sanctions has […]

Akin Gump merges with IP law firm

US firm Akin Gump Strauss Hauer & Feld has merged with Philadelphia intellectual property firm Panitch Schwarze Jacobs & Nadel. Panitch Schwarze founding partner Ronald Panitch becomes managing partner of Akin Gump’s Philadelphia office. He says: “Although a number of firms expressed interest in us over the years, we consistently concluded a merger did not […]

Independent experts face flurry of negligence claims

Titmuss Sainer Dechert is advising electrical goods retailer Currys in a rent review case that may open the door to negligence claims against a spectrum of independent experts. Lawyers have shied away from advising clients to sue independent experts because of the failure rate. No case against an expert in a rent review case has […]

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