By Ákos Bajorfi | Noerr On 1 January 2019, new legislation entered into force which set out significant restrictions on foreign investors intending to make direct or indirect investments in certain strategic sectors in Hungary (Act LVII of 2018 on the Supervision of Foreign Investments Violating the Security Interests of Hungary (‘SFI’)). This will have an impact on a considerable number of transactions in Hungary in the future. The SFI applies to ‘foreign investors’, which are defined as natural persons and...

By Michael Molenaars, Jeroen Smits, Maarten de Bruin, Reinout de Boer, Emile Bongers, Joost Eyck On 4 February 2019, the Dutch State Secretary of Finance sent a letter to the Dutch Parliament announcing transitional rules for Dutch taxes (other than customs legislation) if there will not be a Brexit withdrawal agreement (i.e. a no deal Brexit). The letter includes an outline of the transitional rules. Further - more detailed - guidance is being prepared and is to be issued at a later stage. According to the letter, the...

Treasury and finance professionals anticipate more operational challenges in 2019 than in previous years, according to a recent survey conducted by TD Bank, America's Most Convenient Bank®, at the 2018 Association for Financial Professionals Annual Conference in Chicago, Illinois. The risk of payments fraud/cybersecurity topped professionals' list of concerns, with 44 percent naming it their top operational challenge, a 14 percent year-over-year increase. The ability to adapt to or process faster/electronic payments is an obstacle for 37 percent of survey respondents, also...

Loyens & Loeff, a leading international law & tax firm, has attracted two new local partners in its Zurich office. Andreas Hinsen will further strengthen the Corporate / M&A practice group and focus mainly on private equity. Robin Moser will set up the Litigation & Risk Management practice in Zurich. Marco Toni, Partner Loyens & Loeff: “We are delighted to have Andreas and Robin joining the team here and further bolster our strong footprint in Zurich. Whereas Andreas’ practice is a perfect fit...

Royal DSM, a global science-based company in Nutrion, Health and Sustainable Living informs its stakeholders that it agreed to increase its shareholding in Yantai Andre Pectin Co. Ltd. (Andre Pectin) to 75%. Andre Pectin is a leading specialty food ingredient producer. DSM acquired a 29% stake in Andre Pectin in 2013. After settling a shareholders dispute, DSM has now agreed with the other shareholders to purchase an additional 46% stake in Andre Pectin for a consideration of about €150 million. This...

The new month is beginning with the US dollar at the lower end of its recent ranges against several of the major currencies, and at a couple month lows against the dollar-bloc currencies.  The key question is whether the dollar is truly breaking lower, perhaps encouraged by the Federal Reserve's pivot to a neutral stance.   On balance, we expect the dollar to remain range-bound until later in the crosscurrents of trade, the federal government's fiscal issues of both spending...