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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 […]

Recommended

Floating over the Atlantic

On the 14 June 1995 official dealings commenced on the London Stock Exchange and the US Nasdaq National Market in the shares of Nynex Cable Comms, one of the UK’s largest cable telecommunications and television companies. The offering raised about £383 million net of expenses. The flotation involved three London law firms and two US […]

Junkets? You have to be joking

Mr Sayer is reported as saying (about a visit to the American Bar Association’s Chicago conference) “I need convincing that this isn’t just an outing but I will go with an enquiring mind. “If it can be of use to the profession all well and good but at the moment I cannot see that a […]

Broadcasting decision set for challenge

The planned 1997 launch of the UK’s new fifth TV channel faces a hold-up following a High Court ruling which has paved the way for a legal challenge to the way in which the Independent Television Commission’s (ITC) awarded the operating licence. Richard Branson’s Virgin claims the commission’s decision on the bidding was flawed and […]

In brief: Newbold takes the helm at Pro Ned

High-profile in-house lawyer Yve Newbold has been made chief executive of Pro Ned, the non-executive director and chairman recruiters which is part of management consultancy Egon Zehnder. Newbold, who has been company secretary at Hanson plc since 1986, is also a non-executive director of BT and Coutts Bank. Pro Ned has been under the chairmanship […]

Partners in Maxwell trial

TITMUSS Sainer & Webb corporate lawyers were misled by Robert and Kevin Maxwell over the debt owed between the Maxwell-related public and private businesses, a jury heard. Partners David Fairfield and David Vogel and managing partner Dick Russell also discovered Robert and Kevin had reneged on a transaction to repay a $40 million debt to […]

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