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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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A VIEW FROM BUDAPEST

The big news in Hungary at the moment is the group of tax lawyers that have moved from PricewaterhouseCoopers to Clifford Chance. Of course, Linklaters started the trend by including a tax department when its office opened in January. These moves have sparked expectations and speculation that other major law firms might do the same […]

Associated British Foods

Associated British Foods (ABF) sells Burton’s Biscuits to Hicks Muse Tate & Furst’s funded newco Eubisco for £130m. ABF advised by Herbert Smith (Stephen Hancock), Hicks Muse Tate & Furst advised by Weil Gotshal & Manges (Andrew Harting). Debt finance provided by Donaldson Lufkin & Jenrette and Deutsche Bank, advised by Clifford Chance (James Johnson).

White & Case opens Palo Alto office

Black joins White & Case from Jackson Tufts Cole & Black as partner. Roy Bartlett also joins as partner from the same firm along with Ellen McGinty King who joins as counsel. Steven Betensky brings the partner count in the new office to three. He joins from White & Case’s New York base. The US […]

Irwin Mitchell wins Freeth corporate head

Irwin Mitchell’s corporate finance department has hired Freethcartwright’s head of company and commercial. Ian Worthington was formerly in the Nottingham office at Freethcartwright and will join Irwin Mitchell’s Leeds office. Irwin Mitchell is in the process of developing its corporate finance department in Leeds and plans to introduce more risk management initiatives in the commercial […]

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