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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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Linklaters blue as Eversheds nabs client

Eversheds’ property practice has won a prestigious new appointment to replace Linklaters & Alliance as adviser to Lend Lease on its flagship project, Bluewater Shopping and Leisure Centre. The appointment follows a competitive tender process held over the summer and coordinated by in-house solicitor Jackie Jordan, a compliance officer for the financial services side of […]

Deal of the week – Greene king Greene King acquisition leaves Gouldens out in cold

Gouldens has lost one of its longest-standing clients as a result of the Foot-and-Mouth crisis.The firm is advising on the £102.6m sale of Old English Inns to pub operator and brewer Greene King. Tourism-reliant pub chain Old English went on the market after the Foot-and-Mouth epidemic affected its target earnings.The sale to Greene King, which […]

Brachers quits NFU South East legal panel

Maidstone firm Brachers has withdrawn from the National Farmers’ Union (NFU) South East England legal panel. Brachers, which has close links with Kent’s agricultural community, will be replaced by commercial firm Cripps Harries Hall.Brachers insists that its historical links with the NFU will be maintained, but stated that the profile and nature of the work […]

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