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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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Indisputable progress

Arbitration has long been central to commerce, but its processes have never been a good fit for the business world. Now, proposed changes to the IBA Rules look set to bring it into line. By Lord Goldsmith QC and Sophie Lamb If attendance by some 550 lawyers at a recent IBA Arbitration Day in London […]

Cleary partner jumps ship to tax chambers

Cleary Gottlieb Steen & Hamilton tax partner Nikhil Mehta has quit the firm to join Gray’s Inn Tax Chambers. “The bar’s something I always wanted to go back to,” Mehta said. “It’s more ­flexible and as a sole ­practitioner you have the opportunity to be much more proactive according to your own ­ambitions, ­including in my case […]

Schilling Zutt raids Skadden for Frankfurt launch

Schilling Zutt & Anschutz (SZA) has raided Skadden Arps Slate Meagher & Flom’s tax practice ahead of its new office opening in Frankfurt. Skadden partner Dr Hans-Goerg Berg is leaving the firm for SZA along with counsel Rolf Schmich and associate Bjorn Enders. The move leaves Skadden with no tax practitioners in its Frankfurt office, […]

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Jack Straw moots end to UK libel tourism

The eradication of libel tourism will be a key concern for the next UK parliament, with Justice Secretary Jack Straw today announcing a range of libel reforms. Straw hopes to put a stop to libel claims made against foreign publications that can be accessed in the UK by asking the Civil Procedure Rule Committee to […]

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