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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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Digests

Titmuss Sainer Dechert represented French company Consodata SA on its £15.75m purchase of Consumer Access. As part of the sale, Arcadia Group sold off a 51 per cent stake in Consumer Access. An option agreement was drawn up for the sale of the remaining 49 per cent share in the company from Hugh Villers and […]

Clifford Chance appoints Frenchman as Paris head

Clifford Chance has appointed leading media and sports partner Yves Wehrli as managing partner of its Paris office. He is the first Frenchman to head the office, which he says shows the development of the local practice. “I think the aim has been to amplify the French side as much as possible,” he says. “We […]

Will merger reforms help or hinder?

The Department of Trade and Industry has proposed plans to reform merger regulation. This week the forum asks how they will change the way competition lawyers work. The Department of Trade and Industry (DTI) is at the centre of a row over its proposed plans to reform merger regulation. The DTI proposes that the decision-making […]

Gregorys merges with neighbour

Central London firms Gregory Rowcliffe & Milners and Simmonds Church Smiles are merging. The new 18-partner firm will operate under Gregorys’ name. It will run from Gregorys’ Bedford Row premises and Simmonds’ Tunbridge Wells office. Gregorys’ managing partner John Anderson says the firm intends to expand its Anglo-German business, which it has built since merging […]

Property

Clifford Chance advised MEPC on the letting of two buildings at Ancells Business Park, Fleet. The 45,000 sq ft Fulmar House and Technology House buildings have been let to Parametric Technology (UK). Clifford Chance’s team included real estate assistant Angela Shepherd and construction assistant Bruno Spence. Ann Lewin, property partner at Trevor Robinson & Co, […]

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