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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

England and Wales Cricket Board sells its TV broadcasting rights

England and Wales Cricket Board sells its TV broadcasting rights for the three cricket seasons 2003-2005 giving exclusive rights to Channel Four and BSkyB for £150m. England and Wales Cricket Board advised by Denton Wilde Sapte (Adrian Barr-Smith). Channel Four represented by Olswang. BSkyB advised in-house by Matt Oliver.

Freshfields takes Germany to the ICJ

Freshfields Bruckhaus Deringer is taking Germany to the International Court of Justice alleging the violation of international law. `Last week Freshfields Bruckhaus Deringer submitted an application to the ICJ in The Hague on behalf of the principality of Liechtenstein.`It accuses Germany of disregarding the sovereignty of the State of Liechtenstein and violating the right to […]

The Thyssen saga continues

London is being eyed as a venue for the forthcoming replay of the Thyssen litigation. `The marathon Bermudian trial to decide the future of Baron Hans Heinrich Thyssen-Bornemisza’s fortune collapsed in April after the judge quit following a wrangle over pay.`Now an English judge originally destined for the Court of Appeal is believed to be […]

Nomura buys Meridien Hotels for £1.9bn from Compass Group

Nomura buys Meridien Hotels for £1.9bn from Compass Group. Nomura International advised by Clifford Chance (Arthur Dyson, Robert Porter) and CMS Cameron McKenna (Richard Price). Compass advised by Freshfields Bruckhaus Deringer (James Davis) and Berwin Leighton Paisner (David Levy).

Leader

How times change. Collyer Bristow has just appointed a former client care manager as its chief executive, in the shape of Jonathan Fox, who was formerly at DLA.`Now I am sure that among some of the old school there will be a raised eyebrow or two about the fact that a marketeer is overseeing a […]

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