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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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Amnesty accuses Israel of international human rights law violations

Israel has been criticised by human rights group Amnesty International for its “blatant violation of international law” in the West Bank. In a report published to mark the 40th anniversary of the Six-Day War on 5 June, Amnesty International claims Israel’s 220-mile security wall, much of which is on Palestinian land, is in defiance of […]

Lovells fails with super-casino challenge

The British Casino Association (BCA) challenge against the Government’s super-casino regulations has failed in court. Lovells client BCA, which represents the UK casino industry, asked the High Court to order the Secretary of State to review rules applied to new super-casinos, which the body claims gives them an unfair advantage. Mr Justice Langstaff ruled against […]

People

Keelys Solicitors has promoted Paul Roberts to its partnership. Roberts joined the Lichfield-based firm 15 months ago as an associate and head of the employment department. •Keelys Solicitors has promoted Paul Roberts to its partnership. Roberts joined the Lichfield-based firm 15 months ago as an associate and head of the employment department. •US firm Akin […]

Halliwells handles CCP’s $500m aim float

A Halliwells team led by corporate partner Matthew Puhar has advised China Central Properties (CCP) on its admission to AIM. The company raised $500m (£253.31m) on flotation – $300m (£151.99m) in equity and $200m (£101.32m) in five-year convertible bonds. Puhar, who was assisted on the deal by solicitor Kirsty Shannon, said the company’s business interests […]

Norton Rose beats A&O to advise UK-Netherlands electricity tie-up

Norton Rose has scooped the advisory role for a multimillion-pound tie-up between the UK’s National Grid and Dutch electricity supplier TenneT. The deal, which will need an investment of e600m (£406.69m), will see BritNed Development construct a new interconnector between the National Grid and TenneT. The 260km subsea link will provide energy to the UK […]

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