Client Alerts
Bosnia and Herzegovina: New system of corporate income taxation in Federation of BiH
The Parliament of Federation of Bosnia and Herzegovina has recently adopted new Law on Corporate Income Tax. Hoping to increase the public revenues, the government increased the tax base and brought significant changes to the system of tax incentives, withholding tax and transfer pricing....
Judgment of the constitutional court of the Federation of Bosnia and Herzegovina on unconstitutionality of the procedure of enactment of the labour law
Labour Law enacted by the Parliament of the Federation of Bosnia and Herzegovina, which entered into force on 20 August 2015, shall be returned into the phase of draft proposal according to the judgment of the Constitutional Court of the Federation of Bosnia and Herzegovina....
The new energy security package – A step forward to European natural gas security of supply
On 16 February 2016 the European Commission ('EC') officially presented the new Energy Security Package. The set promotes the EC’s increased role in the energy sector and aims at preventing and mitigating natural gas supply interruptions and increasing the liquidity and interconnection of the European internal energy market. In its current version the package has as a main focus the European natural gas market as it consists of (i) Security of Gas Supply Regulation; (ii) a new and revised Inter Governmental Agreements Decision and (iii) Liquefied natural gas ('LNG') and gas storage strategy....
Noi obligatii pentru comerciantii care desfasoara online activitati economice
Va informam ca acei comercianti care desfasoara activitati economice online (prin incheierea online de contracte de vanzare-cumparare de bunuri ori de prestari de servicii) au, incepand cu ianuarie 2016, obligatii suplimentare in relatie cu consumatorii care beneficiaza de serviciile sau produsele lor....
Restriction of competition by anchor tenants?
The right of an anchor tenant to prevent the lessor letting commercial premises to third parties has been scrutinized by the European Court of Justice. Such commercial lease agreements may have as their effect the restriction of competition....
The European trade mark reform package
Owing to the significant change in the business environment since the establishment of the Community Trade Mark more than fifteen years ago, in December 2015 the European Parliament finally adopted Directive (EU) 2015/2436 and Regulation (EU) 2015/2424 on European Trade Marks....
Untreue “neu” und Business Judgment Rule – Was hat sich wirklich geändert?
Seit 1.1.2016 ist der geänderte "Untreueparagraph" in Kraft. Zugleich hat der Gesetzgeber im Aktien- und GmbH-Recht die "Business Judgment Rule" implementiert. Wie sich die Änderungen praktisch auswirken werden, muss sich allerdings erst zeigen. Faktum ist, dass über die drohenden Folgen bei Verstoß gegen die Sorgfaltspflichten eines Geschäftsleiters zunehmend gesprochen wird und diese auch häufiger die Gerichte beschäftigen....
EU and US reach deal on safe harbour replacement
It was announced that yesterday the EU and US agreed upon a new arrangement in respect of transatlantic data flows: The Privacy Shield will in the near future deal with personal data transfer across the Atlantic. Please find out more in our attached Client Alert....
Significant changes to the Ukrainian and Serbian competition regimes
Ukraine / Serbia: On 26 January 2016, the Ukrainian Parliament took a long-awaited and significant step to improve merger control in Ukraine. The president is expected to sign the new competition act, which will enter into force at the end of April. The Serbian Parliament adopted a new decree on the content of merger control filings on 23 January 2016. The new decree provides for short form notifications starting from 2 February 2016 if a concentration meets certain conditions....
Das neue Bundesgesetz über alternative Streitbeilegung in Verbraucherangelegenheiten (AStG)
Das am 9.1.2016 in Kraft getretene Alternative-Streitbeilegungs-Gesetz (AStG) stellt neue Anforderungen an Unternehmer im B2C Bereich: Zweck des AStG ist es, Verbrauchern eine einfache, effiziente, kostengünstige Möglichkeit, zur alternativen Beilegung inländischer und grenzüberschreitender Streitigkeiten zu bieten. Neu sind daher vor allem umfassende Informationsverpflichtungen gegenüber Verbrauchern über die zuständigen AS-Stellen (Alternative-Streitbeilegungsstellen)....
Recycling and packaging in Romania: Legislative updates and recent concerns
On 30 October 2015, Law no. 249/2015 on the management of packaging and waste derived from packaging (the "Law"), was published in the Official Gazette no. 830 and entered into force on 2 November 2015 . The Law repeals Government Decision no. 621/2005, published in the Official Gazette of Romania no. 639 of 20 July 2005 and seeks to implement EU Directive 94/62/CE as subsequently amended and supplemented by the European Parliament....
The NBU cancelled prohibition on assignment of foreign currency loans but introduced additional requirements
Beginning from 11 January 2016, registration of the assignments of foreign currency loans received by Ukrainian borrowers is again allowed based on resolution no.996 of 30 December 2015 of the National Bank of Ukraine (the "NBU"). Wolf Theiss, as a member of the Ukrainian Venture Capital and Private Equity Association (UVCA) and under the auspices of UVCA, was advocating and lobbying the NBU to make this move....