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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

Deals roundup

Stephensons secures Charlemagne AIM listing Stephenson Harwood has advised fund manager Charlemagne Capital on its £300m AIM flotation – the second-largest AIM listing this year. Stephensons senior partner Andrew Sutch led the team advising on the listing. UBS acted as financial adviser and broker to Charlemagne, while Numis Securities acted as joint lead manager. Linklaters […]

Ashurst advises banks on record-breaking PPP

Ashurst has won a mandate to advise the lead managers on the financing for the UK’s largest-ever PPP project. Partners Jan Sanders and Nick Avery, supported by associate David Cave, are acting for Deutsche Bank and Morgan Stanley as lead mangers of a £1.03bn inflation-linked bond. The 40-year bonds will go on sale in the […]

People

South East firm asb law has hired Rosemary Madders as an associate from Thomas Eggar, Samantha Thomas as a solicitor from Philippsohn Crawfords Berwald and Anita McGowan as senior HR officer from Allen & Overy. US firm Dechert has hired Thomas Friedmann as a partner in Washington DC. Friedmann joins from Shearman & Sterling. US […]

Firm profile: Harper Mcleod

Glasgow-based firm Harper McLeod aims to break the £10m turnover mark at the end of its financial year this month (April), which managing partner Lorne Crerar sees as “an important milestone”. In addition to hitting the £10m turnover target, the firm’s other key plan for 2006 is to strengthen its corporate finance arm, HM Corporate […]

Richards Butler wins Appeal Court case for insurers against North Star

Richards Butler has won in the Court of Appeal, upholding the case of insurers against a shipowner suspected of scuppering its own vessel. Richards Butler insurance head Mark Connoley represented insurers led by Sphere Drake Insurance in their landmark case against North Star Shipping. The insurers were resisting a claim made by North Star under […]

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