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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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OwersIndex

Talk is not so cheap for employers

A CoA decision against Commerzbank is a warning that common law contractual rules are alive and kicking Last month 104 former Commerzbank bankers met with resounding success when the Court of Appeal (CoA) dismissed the bank’s challenge to a decision that it was contractually committed to providing its employees with a minimum bonus pool because […]

HKMA and SFC to implement international standards on financial market infrastructures

On 28 March 2013, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly announced their commitment to comply with the new international regulatory standards on financial market infrastructures. They are contained in the ‘Principles for Financial Market Infrastructures’ jointly issued by the Committee on Payment and Settlement Systems of the […]

Taking your project to market

Recent articles by the Al Tamimi property team have explored the regulatory requirements for registering as a developer in the United Arab Emirates and the Middle East region. Once registration requirements have been satisfied, the next concern for developers is taking the project to market. On the back of an apparently recovering property market, many […]

Big Becks at Withers and Speechly?

Some deals make all the difference. Take football star David Beckham, who fast-tracked to celebrity with a series of lucrative partnership deals that transformed him into the chiseled jaw that sells pretty much everything. Despite calling time on his 20-year footy career, Becks’ million-dollar beard will continue to sell fizzy drinks and underpants from here […]

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Tribunal rules against Travers in pregnancy discrimination case

Travers Smith has lost a discrimination case brought against it by a former trainee who claimed she was not given a permanent job because of her pregnancy. Katie Tantum instructed Leigh Day to launch the case against the firm after failing to gain a newly-qualified (NQ) position in the firm’s real estate department (15 February […]

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