Cee Legal News

A draft amendment to the Czech Labour Code aimed at transposing European legislation into the Czech legal system is currently under consideration by Czech ministries. Since the change introduces significant changes that will affect almost all employers, let us give you a brief summary of at least the most important ones. Under Turkish law, contracts of carriage are governed by the fourth book of the Turkish Commercial Code No. 6012 [«TCC»] under the name «Transport Business». This article briefly discusses the delivery period, which is one of the key aspects of contracts of carriage, and the presumption of damage, i.e. the legal consequence of non-compliance with this period. Poland is quickly becoming the shining star of the East, but a highly competitive legal market means that progress is not easy to equate with benefits CEELMDirect Profile Pick: A series of interviews with partners and companies with profiles in the new online legal directory CEELMDirect. Today`s interview: Mia Kalas, partner at Selih & Partnerji in Slovenia. While this is essentially a protest vote against the incumbent government and its socialist prime minister, Victor Ponta, who ran a decidedly nationalist campaign, Iohannis` election may well prove to be an advantage for the nation. The centre-right leader`s plans to modernise Romania include the establishment of an anti-corruption regime – the country is widely regarded as one of the most corrupt in Europe – focused on the rule of law, preserving the independence of the judiciary and, just as importantly, attracting Western investment (well before the elections, Romania received its investment credit rating from Standard & Poor`s for the first time in six years). More importantly, Iohannis` election signals the increasingly progressive mood of the Romanian public, which is good news for the national and international law firms operating there.

PATH, founded in 2016, was one of the first Polish law firms to recognize private clients as an independent law firm. Continue reading «Sponsored briefing: Q&A with PATH Law partners Dominika Mizielińska and Sergiusz Kielian» The financial crisis has more than just crippled investment in Central and Eastern Europe. It has brought about a remarkable fundamental change in the respective legal markets where the international elite must do their job Cross-border mergers are now an integral part of corporate restructuring in the EU`s single market. Groups have used harmonised rules to relocate or consolidate their operations, ownership of assets and liabilities in Member States – for example, many companies have resorted to cross-border mergers to reorganise their structures following Brexit. However, the degree of harmonisation of cross-border restructurings was limited and concerned only mergers of limited liability companies, while other forms were absent. The new legislation, which is discussed in more detail in this article, extends the rules on cross-border restructuring by introducing comprehensive procedures also for cross-border conversions and divisions and by revising the rules on cross-border sarl mergers. It aims to make the process simpler, faster and less costly, while ensuring better protection for shareholders, workers and creditors and allowing national authorities to block cross-border restructurings carried out for fraudulent or abusive purposes, such as the evasion of social security contributions or tax obligations. Did you know that RTPR`s Roxana Ionescu has worked on ten transactions reported in Romania so far this year, according to the activity ranking feature of the CEELMDirect website – more than any other lawyer in the country? Romana Szutanyi, a former lawyer at KPMG, has joined Rowan Legal as Head of Employment. On a Sunday evening in mid-November last year, thousands of people gathered in the streets of Bucharest to celebrate the election of Klaus Iohannis as the next president of Romania; a liberal thinker and the first person from the country`s German-ethnic Protestant minority to be elected. With a turnout of 62 percent, the highest in 14 years, Iohannis` appointment came as a surprise to the conservative Eastern Orthodox-majority country. Family businesses generate 18% of Poland`s GDP. There are more than 800,000 family businesses in Poland.

Currently, the founders are faced with the problem of succession. Over the next five years, new generations are expected to take over about 60% of these companies. However, only 8% of successors declare the will to lead the company. It has been some time since Polish entrepreneurs decided to use the concept of a private foundation as an effective succession planning tool. Unfortunately, due to the very convenient tax regimes of these vehicles, the Polish tax authorities have treated private foundations as part of aggressive tax planning programs for many years. The most popular jurisdictions among Polish entrepreneurs are Liechtenstein, Malta and the Netherlands. Continue reading «Sponsored Briefing: Succession Planning in Poland» Although this article focuses mainly on the changes to the Law on the National Cybersecurity System, we also present the current legal status of the Law on Electronic Communications. E+H advised Materna Information & Communications on the acquisition of Radar Cyber Security. Dorda and Binder Groesswang reportedly advised the vendors. In order to meet the highest European security standards and conditions, a law amending the Payments Act («Act») was adopted in the Montenegrin Parliament on 29 September 2022.

The free movement of capital and full compliance with the Payment Services Directive 2 («PSD2») were the main reasons for the adoption of the law, which aims to ensure that the provision of payment services in Montenegro is regulated in the same way as in the Member States of the European Union. If an energy producer intends to use the energy exclusively for its own purposes, it cannot be considered a licensed enterprise. For more information, please contact Adela Ene, Marketing & PR, below. Directive (EU) 2019/770 of the European Parliament and of the Council of 20. May 2019 on certain aspects of contract law for the supply of digital content and digital services (Digital Content and Digital Services Directive or DCSD); Jonas Sakalauskas, former aaa law partner, and Aaa lawyer Vaidas Rakauskas joined Averus as partners and partners respectively. Poland is facing the implementation of two EUROPEAN consumer directives that are essential for the e-commerce sector: The Austrian market seems to be very busy, especially in terms of investment cycles and consolidations in recent months, with crypto and blockchain technology companies under pressure, according to Phillip Dubsky, partner of Herbst Kinsky. Daiana Ichimescu, former senior partner of Suciu Popa, has joined Adesman & Asociatii as a partner. Electricity prices are exploding and the ongoing conflict in Ukraine does not bode well for the threat of price cuts.

Commercial property owners who adapt to the changing regulatory environment and meet the needs of their tenants are more likely to consider installing solar panels on their commercial buildings more quickly. There are some regulatory issues that need to be considered before deciding to produce solar power on real estate. The regulatory environment depends on many factors affecting such an activity, including the capacity of the solar panels, the designation of the energy produced – whether for personal use or for the needs of third parties (tenants) – and, finally, whether such an activity would result in the realization of a profit from the energy supplied. Boyanov & Co advised BioIVT on the acquisition of Fidelis Research. Divjak Topic Bahtijarevic & Krka, BDK Advokati, Nestor Nestor Diculescu Kingston Petersen and Kolcuoglu Demirkan Kocakli published BioIVT in Croatian, Serbian, Romanian and Romanian respectively. Turkish legal issues. Hristov & Partners advised Integrity Capital Investments on the sale. Penkov Markov & Partners advised the other sellers. A real estate purchase contract is a contract concluded by and between the buyer and seller for the acquisition of real estate and is governed by the Turkish Code of Obligations No. 6098 («Law No. 6098»). By executing the real estate purchase contract, the seller promises to transfer the property and the buyer promises to pay the sale price of the property.

In accordance with Article 237 of Law No. 6098, real estate purchase contracts are subject to the formal formal requirement. In order to satisfy this requirement, real estate purchase contracts were previously concluded only before land registry agents, since Article 26 of Law No. 2644 on the Land Register («Law No. 2644») expressly authorizes land registry agents to execute real estate purchase contracts. Wolf Theiss advised Dacia Plant shareholders Calin Ioan Ianta and Radu Ionescu-Heroiu on the sale of a majority stake in Ceres Pharma. PwC`s Romanian subsidiary, D&B David and Baias, advised Ceres Pharma on the transaction. After the change, the parent company may issue a binding instruction to its holding company – justified by the participation of the holding company.

The binding instruction should include the following elements: This article aims to provide information on ancillary restrictions under the Turkish merger control regime and also analyses the Vinmar/Arısan decision of the Turkish Competition Committee (`the Council`), which provides an overview of the Committee`s approach to assessing the scope of ancillary agreements in merger cases and provides for a possible stricter examination of such agreements. Restrictions.