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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 steers Dutch gas import terminal project

Addleshaw Goddard has bagged the lead role ­acting on the e745m (£591.86m) project financing of a Dutch liquefied ­natural gas import terminal. The firm scored the instruction for Gate terminal – a joint venture of Dutch oil storage firms Vopak and Gasunie – through former Freshfields Bruckhaus Deringer Amsterdam partner Andrew Petry, who joined Addleshaws […]

Thomas Eggar grows Southampton office

South East firm Thomas Eggar is moving six partners and 11 fee-earners to its new Southampton office from early ­September in a drive to focus on business development in the city. The group will practise in areas including commercial, ­dispute ­resolution and real estate. The lawyers will be ­accompanied by 13 ­support staff. Managing partner […]

Thring Townsend bucks recruitment trend

Bath firm Thring Townsend Lee & Pembertons is set to step up its recruitment programme after hiring two partners for its London practice. Bath ;firm ;Thring Townsend Lee & Pembertons is set to step up its recruitment programme after hiring two partners for its London practice. The firm has recruited employment ;partner ­Jeremy Nixon from Bird & […]

GSK ends GC search with Sidley hire

GlaxoSmithKline (GSK) has turned to the US for its new general counsel, hiring Sidley Austin life ­sciences partner Dan Troy following a seven-month search. Former GSK general counsel Rupert Bondy joined energy company BP in May after announcing his departure in January. Troy will start at GSK on 2 ­September. GSK refused to confirm who […]

Collas Day expansion to encompass City, Jersey

Guernsey offshore firm Collas Day is to open a ­London office as part of a broader expansion plans. Commercial partner Jason Romer said: “To begin with it will be a marketing outpost, with one person encouraging more interaction between the London markets and Collas Day. “In time it will become a fee-earning office, but it’s […]

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