Tales from the scripts

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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

Penningtons forges links in former Soviet state

CITY and Home Counties firm Penningtons is acting for the European Bank for Reconstruction and Development on a proposed loan to a major Belarussian company. A team from the company and commercial department headed by partner Roger Duncan is advising on ownership and security of assets and will regularly be visiting factories in the capital […]

Property

Macfarlanes acted for Ashby Developments in the extension of United Biscuits’ warehouse facility at Flagstaff 42. BP Collins & Co acted for United Biscuits. Berwin Leighton acted for Hyfleet, part of the British Land group which provided finance.

Good neighbours

While Australian and New Zealand law firms are similarly structured to those in the US, Canada or the UK, the profession in Australia and New Zealand has been going through a number of structural changes in recent years. Australia’s federal system, containing at least five significant commercial centres, has encouraged the development of national firms […]

Teams line up in Welsh Water's bid for Swalec

Slaughter and May and Herbert Smith were in pole position in the £872 million Welsh Water bid for Welsh regional electricity company Swalec. The bid was delayed to coincide with the latest valuation of the National Grid. Swalec is one of the 12 regional electricity company (REC) shareholders in the grid, the sale of which […]

Flotations

Ashurst Morris Crisp advised Alco Standard Corporation in its £23.5 million recommended cash offer for Copymore.

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