Polish implementation of 2010 Amending Directive

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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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Transforming Dubai into a global centre for Islamic bonds

His Highness Sheikh Mohammad Bin Rashid Al Maktoum recently launched an initiative to transform Dubai into, among other things, a global centre for Islamic bonds (sukuk). The initiative, called “Transforming Dubai into a Global Centre for Islamic Bonds”, primarily aims at making Dubai the world capital of the sukuk market, hence potentially also transforming Dubai […]

India

Magic realism

International firms are jostling for position with local players in a packed legal market, but the UK magic circle still dominates Best friendships have died in India, having outlived their usefulness. At their high-water mark in early 2011 there were at least five relationships between international firms and Indian outfits, including Allen & Overy (A&O) […]

References for ex-employees: an employers’ guide to avoiding liability

Drafting references can be a legal minefield for employers. This has not been helped by recent confusion over whether ex-employees are protected against victimisation if they receive a negative assessment. Generally there is no legal obligation on an employer to provide a reference for an ex-employee. This is subject to regulatory requirements in certain sectors […]

Milan

Slaughters’ Italian ally restructures in generational shift

Bonelli Erede Pappalardo, Slaughter and May’s Italian best friend, has overhauled its governance and structure and elected two new managing partners in a bid to ensure its future. Tax and transfer pricing head Stefano Simontacchi and employment head Marcello Giustiniani are taking over from outgoing managing partner Alberto Saravalle, who is returning to full-time fee-earning […]

Offence and defence at Willis

The traditional role of an in-house legal team is to defend their business from the risks that come its way. But insurance broker Willis’ global general counsel Adam Rosman now needs to spy any risks ahead as well as stamping out those that have come its way. Rosman’s remit is vast. Since his promotion the […]

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