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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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Lawyers, heal yourselves

With SIF premiums rising solicitors must examine their contracts, says Sarah Ahmed. Sarah Ahmed is a partner at Anthony Gold Lerman Muirhead. All practising solicitors should be familiar with the basic steps which lead to the conclusion of a contract: offer and acceptance and its various permutations. However, judging by a number of claims against […]

Lord Irvine to bolster relationship with UK

The Lord Chancellor, Lord Irvine of Lairg QC, will become the first cabinet minister to visit the region since the transfer of sovereignty on 1 July when he visits the former colony this week. Irvine has indicated that the main purpose of his visit is to bolster the relationship between the judicial systems of Hong […]

In brief: New department head at Nabarros

Nabarro Nathanson partner David Wightman has been appointed head of the firm’s banking, tax, environment, intellectual property and information technology department. Wightman joined the City firm when it merged with Turner Kenneth Brown two years ago. He will replace Peter Gorty as head of the department. Gorty is to retire in 1998 but will remain […]

US firm hit by loss of UK-qualified partner

In a blow for the London ambitions of US firm Chadbourne & Parke, its sole UK-qualified partner in the capital has defected after only six months. Martin Stewart-Smith, who moved from Ashurst Morris Crisp to Chadbournes in June as a partner in its project finance department, has left the firm to join Cameron McKenna’s projects […]

Financing

Ashurst Morris Crisp acted for four separate property companies – Chi Cheung Treasury

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