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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

Hogan Lovells closes $650m acquisition of two global Kodak businesses for KPP

Hogan Lovells has advised the trustees of the Kodak Pension Plan (KPP) on the implementation and completion of a comprehensive settlement of its claims against Eastman Kodak Company (EKC) and Kodak Ltd, its UK subsidiary. This included the acquisition of EKC’s Personalized Imaging (PI) and Document Imaging (DI) businesses, valued at $650m but acquired through […]

New law on property rights in Bosnia and Herzegovina

The Parliament of the Federation of Bosnia and Herzegovina has recently adopted the Law on Property Rights. The Law governs the acquisition, use, disposal, protection and termination of the right of ownership and other property-related rights… Click on the link below to read the rest of the Karanovic & Nikolic briefing.

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Accidental war on progress

In seeking to prevent tax avoidance, HMRC may restrict the development of UK professional services Tax avoidance is front-page news. Every week we see another story about multinationals reducing their corporation tax bills or the creative use of tax havens. The Government has now set its sights on limited liability partnerships (LLPs)as it considers some […]

Rich Davis joins DLA Piper’s corporate and finance practice as partner in Washington DC

DLA Piper has announced that Rich Davis has joined the law firm’s corporate and finance practice as a partner in the Washington DC office. With a focus on complex leveraged and specialty debt financings, Davis represents institutional lenders, including banks, finance companies, funds, and other institutional lenders, and borrowers in domestic and international finance transactions. […]

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