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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 […]

Recommended

Marketing the Target

Nothing is simple, is it? Just as lawyers finally think they are getting the hang of this marketing lark, along comes someone with an even better idea on how to woo new clients. The big marketing departments – such as Freshfields Bruckhaus Deringer with its 60 staff – have become accustomed to the luxury of […]

Dresdner Kleinwort Benson

This deal is a first for transport financing because Dresdner Kleinwort Benson has agreed to finance the manufacture of rolling stock before a train operator has been found to buy it. Dresdner will fund Alstom’s manufacture of 200 passenger rolling stock vehicles for the London commuter market. This, according to Clifford Chance transport finance partner […]

Criminal courts face radical overhaul

Barristers who take too long cross-examining witnesses will be curbed, and Lord Irvine said he wants to move away from the “no blame culture” which exists between the CPS, police and defence lawyers. The sweeping review comes hot on the heels of a damning report from the National Audit Office which concluded that £85 million […]

Corporate

Bank of Scotland offers £214m for Irish-based ICC Bank. Bank of Scotland advised by Credit Suisse Frist Boston (CSFB), Herbert Smith (David Paterson) and A&L Goodbody (James Dudley). ICC Bank represented by HSBC Investment Bank, ABN Amro, Norton Rose (Raj Karia) and Matheson Ormsby Prentice (Tim Scanlon).

bar talk

It hasn’t exactly been a bumper year for the commercial bar. Worrying statistics released recently by the Lord Chancellor’s Department show that for 1999 the Queen’s Bench Division (QBD) suffered a 37 per cent drop in writs and summonses issued since 1998, and many predict that it will be a similar story for 2000. It […]

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