Republic maintains its value

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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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In brief: Headhunter's AIM launch is a good move

Longbridge International has become the first legal headhunter to launch on the Alternative Investment Market (AIM), enjoying success with a growth of 18 per cent on the offer price in the first two weeks.

Not all's fair in employment

Religious and political discrimination in Nor-thern Ireland is regarded as a “fairly lucrative” business for lawyers. Well over £1m has been paid to successful complainants over the past five years, not including costs and legal fees. Yet only around 30 members of the legal profession currently specialise in fair employment cases. “It’s a dirty business […]

Andersens appeals Dutch MDPs ban

Arthur Andersen is gearing up for a High Court challenge in Holland against a ban on multidisciplinary partnerships. Arthur Andersen, which has its own law firm, Wouters, in Holland, and Price Waterhouse, which wants to establish its own law firm, lost the first round of their legal battles with the Dutch Bar in the district […]

The rocky road to MDPs

Although separated only by a relatively narrow stretch of water, a huge gulf exists between the legal services strategies of UK and Irish accounting firms. Over the past couple of years, the ‘Big Six’ accountancy firms in the UK have dipped their toes into the legal services market with three of them setting up independent […]

Financing

Linklaters & Paines advised British Aerospace on its FFr 2.7bn (£300m) financing of French company Lagardere’s acquisition of Thomson. Clifford Chance advised Lagardere.

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