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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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Bird & Bird's Net innovation puts record company on track

Elizabeth Davidson reports BIRD & Bird partner Mark Haftke has broken new legal ground by drawing up the contracts for a new service on the Web site of George Michael’s record company, Aegean Records. The service allows consumers to buy compact discs by digitally downloading tracks on to either a hard drive or a CD-Rom […]

Straw attacks immigration firms

THE Government is threatening to chip away another block of the Law Society’s regulatory powers with its proposal to set up a statutory body to regulate immigration lawyers and advisers. The move, announced by the Home Secretary Jack Straw last week, follows the Treasury’s decision to strip the society of its powers to regulate solicitor […]

Summit rescheduled

The organiser of a London summit on the regulation of the internet cancelled it at the last minute. Prince, which was due to stage its Internet Executive Summit from 19 to 21 January put the sudden cancellation down to the fact that a US green paper on reform of the domain name system a crucial […]

In brief: Arthur Andersen appoints Euro supremo

Arthur Andersen has appointed a new European legal head as part of a shake-up of the management of its legal network. Nick Prentice, the former head of the firm’s UK tax and legal practice, has had his brief expanded to cover the whole of Europe, the Middle East, India and Africa. He will take over […]

Flotation

Charles Russell acted as UK legal adviser and Mayer Brown & Platt as US legal adviser for Select Appointments (Holdings) on the US and International Public Offerings of $200m of American Depository Shares on Nasdaq by Select and selling shareholders. Simpson Thacher & Bartlett acted as US legal adviser for the underwriters.

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