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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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A new realm

The change in market attitudes towards new economy companies has caused, or at least accelerated, a number of high-profile casualties. The old attitude allowed many companies to get off the ground even though they did not satisfy the traditional tests of long-term viability. But the combination of this and the now cautious market are a […]

Ashursts beats rivals to win work for Bayerische Hypo-und Vereinsbank

Ashurst Morris Crisp has won out against two City rivals to pick up work for the first time from Bayerische Hypo-und Vereinsbank’s acquisition finance unit. The firm acted for the German bank’s London office on refinancing the debt within Merlin Entertainments Group. While Ashursts has worked with Bayerische Hypo-und Vereinsbank before, both in its domestic […]

LEGAL WIDOW

With the election seemingly coming up, invites for the fundraisers have been coming in. Nothing, alas, for the infamous Lord Irving bash, but so non-committal has the Lawyer been about his true political leanings that we have cards on the mantelpiece for three separate party functions. I’m going to find the spring rather a strain, […]

LeBoeuf scoops Georgian telecoms privatisation work

Leboeuf Lamb Greene & MacRae has won a series of roles in the wave of privatisation sweeping the former Soviet Union. The firm is advising Commerzbank, which is leading the consortium acting for the Georgian government on the privatisation of Telecom Georgia (TG) and Georgian Local Lines Company (GLLC). The consortium includes the Bank of […]

Going for broke

While the UK economy is still buoyant, at least for the time being, the same has not been true in other corners of the globe. Depressed markets close to home and further afield have created work for insolvency practitioners on a range of mammoth and intricate deals over the last year. As an easy guide […]

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