Privatisation

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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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CC drafts new rules for LIFFE

CLIFFORD CHANCE finance partner Tim Plews is drawing up the new rules for controversial screen-based trading at LIFFE, the London International Financial Futures & Options Exchange. The move from open outcry to electronic trading, is likely to see dozens of City traders losing their jobs. But the move has been forced by competition from Frankfurt’s […]

A misplaced judgement

RE: Judge Attacks Barristers Without Law Degrees (The Lawyer, 9 June 1998). Mr Justice Lightman’s attack on barristers without law degrees (and by implication, solicitors) is as surprising as it is ill-considered. I can only guess at the reaction to his comments within the Patent Bar, whose members appear in front of him on an […]

Bomb test

In “Firms face fall out after Indian bomb test”, (The Lawyer, 9 June) US firm Milbank Tweed Hadley & McCloy was reported to have said that sanctions could cost India around $350bn. In fact Milbank calculated that sanctions could cost the country up to two per cent of its $350bn Gross Domestic Product.

In brief: Bar Council launches guide to European law

The Bar Council launched its new guide to European law The Practitioners Handbook of EC Law last week at a reception in at the Old Hall in Lincoln’s Inn. The handbook is to be provided free to every practising barrister.

Over here – in partnership

Rivalry between US and UK law firms is giving way to co-operation and the formation of MNPs, says Richard Tyler. “There are some real awkward Americans out there,” remarks one senior partner of a UK firm. But with US firms like Cadwalader Wickersham & Taft and Weil Gotshal & Manges pioneering cross-cultural fertilisation as they […]

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