Wolf Theiss

Client Alerts

Newssquare PARTIAL LOCKDOWN IN SLOVAKIA FROM 24 OCTOBER 2020 UNTIL 8 NOVEMBER 2020

The Slovak government declared a state of emergency, which applies as of 1 October 2020 in Slovakia. Following the increasing number of COVID-19 cases, on 22 October 2020, the government introduced nationwide testing of the Slovak population by rapid antigen tests coupled with the restrictions on free movement.

To learn more, please download the file below.

Newssquare ROMANIA: NEW RULES ON DAMAGES CLAIMS FOR INFRINGEMENTS OF COMPETITION LAW

Last week Romania adopted new rules on claims for damages in cases of infringement of competition law, implementing the related EU directive. The new provisions are aimed at enhancing private enforcement in Romania and ensuring that victims of anticompetitive practices can exercise their rights to full compensation.

To learn more, please download the file below.

Newssquare CZECH REPUBLIC ENTERS SECOND LOCKDOWN DUE TO COVID-19

Following a declaration of a State of Emergency at the end of September 2020, yesterday the Czech Republic announced a second lockdown in order to address the rising number of Covid-19 cases in the country.

Along with the closure of many retail businesses, there are again restrictions on the free movement of persons. It is also recommended by the government that businesses allow employees to work from home where possible.

To learn more, please download the attached file.

Newssquare Romania: liquidity related state aid scheme now available for large enterprises and SMEs

On 7 October 2020, a liquidity state aid scheme became active in Romania worth RON 4 billion (EUR 820 million). Designed to provide access to finance for companies facing a liquidity shortage caused by Covid-19, the scheme provides subsidized interest loans and guarantees on loans.

Available to large enterprises and SMEs, aid will be granted either directly by EximBank or through credit institutions, on a first-come first served basis.

To learn more, please download the file below.

Newssquare SLOVAKIA: new rules governing the liquidation of companies are intended to offer more protection for creditors

On 1 October 2020, a new amendment to the Commercial Code and related laws became effective in Slovakia, introducing, among other things, several important changes concerning the liquidation of companies. The changes arguably approximate, to an extent, the legal regime of liquidation with that of insolvency, with the aim of affording more protection to creditors.

As a result, the process of liquidation is becoming more structured, longer and more costly and perhaps will act as a disincentive to liquidate for speculative reasons.

To learn more, please download the file below.

Newssquare The Asset Tracing and Recovery Review: Austria - Eighth Edition

The Austrian chapter in the Asset Tracing and Recovery Review provides an overview of the most relevant provisions under Austrian law with respect to the recovery of assets deprived through fraudulent conduct. It focuses on the interaction of legal rights and remedies in civil and criminal proceedings regarding inter alia obtaining evidence, seizure of assets and damages claims. Furthermore, international aspects as conflict of laws, international judicial assistance, enforcement of judgments rendered abroad are covered.

Newssquare The Austria Chapter in The Lending and Secured Finance Review – 6th Edition

Leopold Höher authored the Austrian chapter in the 6th edition of The Lending and Secured Finance Review. His contribution offers a comprehensive overview on legal topics to be considered in the context of doing finance in Austria, including regulatory developments, tax considerations, collateral structures and related aspects.

Newssquare PROPRIETORS OF ROMANIAN TRADEMARKS MAY CLARIFY THE SCOPE OF GOODS AND SERVICES BY 30 SEPTEMBER 2020

The Romanian Trademarks Law has been recently and substantially amended. An important change means that now when class headings are used to designate the scope of protection in trademark applications, they will not be interpreted as covering all goods or services in their class but will rather be interpreted literally.

Proprietors of existing trademark registrations using class headings in Romania have the possibility of clarifying the relevant scope before the deadline of 30 September 2020.

To learn more, please download the attached file.

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