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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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Alternative trading places

Tradepoint Financial Networks, a company based in Covent Garden and listed on the Vancouver Stock Exchange, was recognised by the Securities and Investment Board as a Recognised Investment Exchange on 8 June 1995. Tradepoint will be an order-driven market aimed at facilitating secondary market trading between institutional fund managers and broker dealers. The rules of […]

Wilde Sapte ex-managing partner bows out

WILDE Sapte’s first full-time managing partner is retiring from the partnership to apply his management skills to a consultancy firm. Philip Brown became management partner at the City firm in 1988 and stood down last year to make way for Steven Blakeley. Brown, who is currently on sabbatical, was unavailable for comment. He will join […]

WHERE DO WE GO NOW?

The Bar is in a state of flux. Despite the recession and the consequent reduction in the volume of work sent to the Bar, it continues to experience exponential growth. At the same time as there are calls to restrict the number of entrants taking the Bar Vocational Course there are calls to allow a […]

Litigation Recent Decisions 29/08/95

VAT on supplying land and application of input tax Commissioners of Customs & Excise v Dennis Rye (1995). QBD (McCullough J) 25/7/95. Summary: Whether input tax paid on land purchases by land dealing company was attributable to residual inputs. Commissioners’ appeal under s.11 Tribunal and Inquiries Act 1992 against VAT Tribunal’s decision setting aside VAT […]

New Building plans for Booth & Co

Plans for the future: major Leeds practice Booth & Co has released drawings of its proposed new office building to be known as Sovereign House. The 80,000 sq ft office is to be built next to the city’s inner relief road and will put the firm in the company of other recent arrivals such as […]

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