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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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EC tightens the screw on mergers and monopolies

Companies doing business in Europe and their advisers are eagerly awaiting to hear the future of merger control regulation in Europe. One of the key questions has been whether the present threshold above which mergers have to be notified to the EC’s competition directorate, DGIV, will be lowered. In November, an amendment to reduce thresholds, […]

“You really wouldn't expect it of law firms”

The start of 1997 has not been good for personnel managers at law firms. First came the Freshfields trainee, Katherine Cawthorn, suing her firm for loss of career and claiming sex discrimination in the way she was treated on a business trip to Africa. Then there were details in the national press of young solicitor […]

Japanese airline brings Denton Hall on board

Denton Hall has been appointed to advise a new Japanese airline on all “international aspects” including financing a fleet of aircraft. The airline will be based in Sapporo, capital of the Hokkaido region in northern Japan. A name for the airline is yet to be decided but the consortium behind it is called Hokkaido Operations […]

Three partners for Squires' Prague set-up

Three of eleven partners appointed world wide by US firm Squire Sanders & Dempsey are based in the Prague office. Prague is the firm’s second largest European operation with over 70 staff concentrating largely on telecommunications privatisation and financing work. One of the three new appointees is Dr. Lubos Tichy, the former president of the […]

US lawyer returns to manage London office

David Smalley, former head of US firm Debevoise & Plimpton’s London office, has returned to the branch as managing partner. Smalley returned to the New York head office in September 1993 after three months as head of the London operation. “The way we tend to run our foreign offices is to staff them with people […]

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