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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

Public sector expert publishes advice

Cyril Dixon reports A LEADING team of public sector law consultants has published a report outlining key recommendations for councils involved in the launch of local authority companies. Leonie Cowen & Associates’ 25-page document, Local Authority Companies: Key Steps for Success, aims to highlight the main legal issues for councils and methods of tackling them. […]

PRIVATE BANKING

Some law firms have embraced financial services head on and applied to the Bank of England to become licensed deposit-takers. One such firm is Batten & Co, a 300-year-old family practice based in Yeovil, Somerset, which specialises in private client and commercial work. The firm itself does not have a deposit-taking licence. The licence belongs […]

In brief: Commission's estate reforms enacted

Royal Assent has been granted to the Law Reform (Succession) Act 1995 which alters technical rules governing the distribution of estates of people who die intestate, claims for financial provision by the deceased’s family, and the effect of divorce or annulment of marriage on testamentary gifts or appointments of executors in favour of a former […]

Welsh join forces for property deal

Cyril Dixon reports SOLICITORS at Llanelli Borough Council in South Wales called in Cardiff firm Edwards Geldard to advise on a £20 million town centre property development. Borough solicitor Lynne Davies was supported by a team from the firm headed by partners Huw Williams and Rowland Davies. Llanelli was negotiating with Monarch Properties and Redrow […]

LAG slams Woolf on court fees

LORD Woolf has been accused by the Legal Action Group of making a deliberate political decision to “play down” the Government’s policy of increasing court fees. The LAG describes the planned fees hike as objectionable and constitutionally suspect. It says Woolf made an implicit political decision to duck an issue likely “to provide an additional […]

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