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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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Document scanning goes live

Helen Sage reports A new document scanning service that lets users instantly retrieve live and archive material from their PC or network is launched this month by Data Scanning Services. It is the first scanning service to become available in the UK that combines a new generation optical character recognition (OCR) system with the latest […]

Financing

Beale & Co advised Indorama International Finance on its issue of 1.75 per cent convertible notes 1995-2000 of Swiss francs 40,000,000 convertible into shares of PT Indorama Synthetics, Indonesia. Swiss Bank Corporation, the lead manager, was advised by its in-house lawyers and Allen & Overy’s Hong Kong office.

Mishcons raids property firm

LONDON firm Mishcon De Reya is taking on four lawyers from the West End property firm Rabin Leacock Lipman. But at the same time four Mishcons equity partners are leaving: Brian Hepworth (litigation), Peter Armstrong (media), Graham Stedman and Paul Salmon (company). The Rabin Leacock move is Mishcon’s second acquisition of property lawyers in a […]

Where entry is severely limited

Obtaining a Higher Courts Qualification Certificate has been made akin to scaling the north face of the Eiger. That is quite deliberate despite the fact that the undoubted wish of Parliament was to ensure that solicitors appeared in criminal and civil higher courts. The Higher Courts Qualification Regulations of 1992 are a masterpiece of ambiguity […]

Bar Council clears libel lawyer of misconduct

John Malpas reports A LEADING libel lawyer has been cleared by the Bar Council following a plaintiff’s charge that he pursued an unmeritorious action against him to earn a fee. The Bar Council’s professional conduct committee dismissed the complaint against James Price QC after deciding that there was no evidence of professional misconduct over his […]

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