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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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India

Magic realism

International firms are jostling for position with local players in a packed legal market, but the UK magic circle still dominates Best friendships have died in India, having outlived their usefulness. At their high-water mark in early 2011 there were at least five relationships between international firms and Indian outfits, including Allen & Overy (A&O) […]

London
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Sullivan boosts finance and restructuring with Linklaters’ Howard

Linklaters banking and restructuring partner Chris Howard is leaving the magic circle firm to join Sullivan & Cromwell’s London office. Howard joins the US firm two and a half years after rejoining Linklaters from Freshfields Bruckhaus Deringer (22 November 2010). Recently he has led the firm’s work on a raft of high-profile restructurings, advising the […]

European Commission’s proposed anti-dumping tariffs cast shadow over UK solar

After finally pushing past the chaotic introduction of the UK Feed-in-Tariff regime and its hasty revisions, the UK solar photovoltaics industry looks set to enter a new wave of uncertainty in light of the European Commission’s recent announcement that it is proposing to impose tariffs that will increase the costs of products imported into Europe […]

Piercing the corporate veil under the new Kuwait Companies Law

Many business professionals establish their ventures under a corporate or limited liability structure in an effort to protect their personal assets from claims made by internal and/or external forces. However, and particularly under Kuwaiti law, under certain circumstances the ability to circumvent the protection provided by the corporate veil and to hold such owners, shareholders, […]

Bosnia and Herzegovina prepares draft law on natural gas

The draft law governs the organisation and functioning of the natural gas sector, rules and conditions for carrying out energy activities in this sector, planning and development of the natural gas market, market regulation, ‘unbundling’ of activities, third-party access to natural gas systems, construction and reconstruction of infrastructure facilities, technical rules, supervision of the enforcement […]

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