Client Alerts / Newsletters

Newssquare THE BULGARIAN COMMERCE ACT AMENDED TO PREVENT FALSIFICATION OF DOCUMENTS

On 2 January 2017, amendments to the Bulgarian Commerce Act (the "Act") entered into force in Bulgaria. Amongst the aims of the Act is to prevent falsification of documents by introducing new formal requirements for certain agreements and shareholders' resolutions.

Newssquare DAS NEUE BVERGG 2017 – BEGUTACHTUNGSENTWURF VERÖFFENTLICHT!

Der Begutachtungsentwurf für das Bundesvergabegesetz 2017 ("BVergG"), mit dem das EU-Richtlinienpaket 2014 (siehe ABl Nr. L 94 vom 28.3.2014) nun (endlich) umgesetzt werden soll, liegt nun vor.

Newssquare THE HORIZONTAL MERGER GUIDELINES INTRODUCED BY THE UKRAINIAN COMPETITION AUTHORITY

Ukrainian competition law and practice continues to improve. This also includes the actual practice of law application, interpretation and clarification by the Ukrainian competition regulator – the Antimonopoly Committee of Ukraine (the "AMC").

Newssquare COMPETITION COUNCIL INVESTIGATIONS – BRIEF PRACTICAL INSTRUCTION MANUAL

The Romanian Competition Council is assessing, (at the request of the Romanian energy regulator ANRE): (i) the manner by which energy prices are established on the centralized market (OPCOM); (ii) OPCOM's activities generally in the month of January 2017; and (iii) two transactions between yet-unidentified parties in particular. The energy price for the day ahead market ("PZU") for the first week of January was between 184.7 lei / Mhw and 279.6 lei/Mhw, and thereafter rose to 509.2 lei Mhw on 28th of January, with certain suspicious transactions appearing to have been concluded at higher-than-normal prices.

Newssquare THE EUROPEAN ACCOUNT PRESERVATION ORDER AT A GLANCE - 7 QUESTIONS & 7 ANSWERS

The EU Regulation No 655/2014 of 15 May 2014 established a European Account Preservation Order (“EAPO”). The Regulation became applicable as of 18 January 2017 within the EU except for the United Kingdom and Denmark .

 

Newssquare Claims Settlement Order in Bankruptcy Proceedings Declared Unconstitutional

The Constitutional Court of FBiH has found that the current order of settlement of workers' claims in bankruptcy proceedings is unconstitutional.

Newssquare IMPROVING THE POSITION OF SECURED CREDITORS UNDER REGISTERED PLEDGES IN BULGARIA

Almost two decades after being adopted following the model of the World Bank and UNCITRAL for non-possessory registered pledges, the Special Pledges Act (the "Act") was substantially amended at the end of 2016. Most of the amendments take immediate effect while those concerning the digitalization of the Central Register of Special Pledges (the "Register") will come into force on 1 September 2018.

Newssquare THE DISMISSAL DECISION CAN BE VALIDLY COMMUNICATED BY E-MAIL

The High Court of Justice of Romania established in Decision no.34/2016, published in the Official Monitor no.18 dated 9 January 2017, that a dismissal decision which an employer communicates by e-mail is validly communicated.

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