Raid masquerade

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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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Swedish govt sell-off goes way of Ashurst

Ashurst’s Swedish strategy has reaped dividends, with the firm landing a key role on the first wave of Swedish government-led privatisations. The top 15 firm scored instructions from Deutsche Bank and UBS as underwriters to the Swedish government in its E2bn (£1.37bn) disposal of an 8 per cent stake in mobile communications company TeliaSonera, the […]

Thompsons scores Lords victory in dinner ladies’ equal pay claim

Trade union and personal injury specialist Thompsons Solicitors has won a battle for a group of dinner ladies in the war over equal pay. Five law lords ruled last week that the 36 dinner ladies were victims of bullying by their employer, St Helens Borough Council, Merseyside, the aim of which was to get them […]

Financial Services: New tricks

New rules are set to shake the financial services market, giving smaller companies a chance to break into EEA business and set their own agendas. By Tony Woodward There are only six months to go until the Markets in Financial Instruments Directive (MiFID) is implemented in the UK. The majority of banks and larger investment […]

Schönherr snares rival’s team in CEE expansion

Austrian firm Schönherr is poised to take the entire real estate team of local rival Cerha Hempel Spiegelfeld Hlawati (CHSH) as it targets massive expansion across Central and Eastern Europe (CEE). The team at CHSH, which has offices across the CEE region, is headed by partners Alfred Nemetschke and Walter Anderl, who will both join […]

Herbies parachutes City partner into Moscow

Herbert Smith has underlined its commitment to its Russian office by transferring London finance partner Alexander Currie to Moscow. This brings the number of partners in Moscow to six following the recent hires of corporate/M&A lawyer Alexei Roudiak and tax specialist Oleg Konnov from Salans (The Lawyer, 30 April). Currie, who joined Herbert Smith from […]

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