Client Alerts
A Munka törvénykönyvének 2016-Os Változásai
Kedves Partnerünk! A Munka Törvénykönyvéről szóló 2012. évi I. törvény közel három éve lépett hatályba, ezért szükségessé vált az elmúlt évek gyakorlatában felmerült bizonytalanságok, esetleges vitás kérdések rendezése. A vonatkozó törvényjavaslatot a Kormány előkészítette és benyújtotta az Országgyűlésnek, a változások várhatóan 2016. január 1-jén fognak hatályba lépni. Az alábbi linkre kattintva elérheti irodánk munkajogi hírlevelét, amelyben az általunk legjelentősebbnek tartott törvénymódosítási javaslatokat foglaltuk össze. Bízunk benne, hogy az abban foglalt információkat hasznosnak fogja találni....
Serbia: New law on investment
On 4 November 2015, the new Serbian Law on Investment came into force, thereby replacing the long-standing Law on Foreign Investment. This consequently supersedes sections of the current Law on Foreign Trade and the Law on Regional Development....
Serbia: New special collective bargaining agreement for chemistry and non-metals in Serbia
A new Special Collective Bargaining Agreement for Chemistry and Non-Metals (1) (the CBA) was recently concluded in Serbia, with effect as of 22 November 2015 until 22 November 2018. The CBA is binding on all employers that carry out industrial or manufacturing activities in the field of chemistry and non-metals (2) in Serbia (3)....
Amendments to the law on personal data processing and protection of private life in the electronic communications sector
Law no. 235/2015 for the amendment and supplementation of Law no. 506/2004 on the personal data processing and protection of private life in the electronic communications sector ("Law 235/2015") was published in the Romanian Official Gazette no. 767 of 14 October 2015 and entered into force on 17 October 2015....
IP & IT newsticker in CEE/SEE – October 2015
Our regional firm is one of the leading firms with a focus on IP/IT practice and, naturally, we monitor the progress within this sector very closely. Below, please find up-to-date summaries of the news from the IP/IT sector in the region that might be interesting for you....
Slovakia: Public Procurement
BUSINESS WITH THE PUBLIC PROCUREMENT AUTHORITIES: NEW REQUIREMENTS. The Slovak Act on Public Procurement no. 25/2006 Coll. ("Act") was recently amended by the Act no. 252/2015 ("Amendment"). In this respect, a new register of final beneficiaries will be established by the Slovak Office for Public Procurement ("ÚVO") on 1 November 2015. (...)...
Negativzinsen beim Kreditvertrag
DERZEITIGER DISKUSSIONSSTAND. Die Frage, wie Zinsen – berechnet aus einem Referenzzinssatz wie z.B. EURIBOR und Marge – in bestehenden Kreditverhältnissen zu interpretieren sind, wird derzeit heftig diskutiert. Dies insbesondere dann, wenn diese Verträge keine Regelung dahingehend enthalten, was bei einem negativen Indikator gelten soll. Im Raum stehen dabei im Wesentlichen zwei Szenarien. Alternative 1: der negative Referenzzinssatz wird bei null oder nahezu null "eingefroren", d.h. die Marge bleibt voll erhalten. Alternative 2: der negative Referenzzinssatz schlägt durch und reduziert (bei entsprechend niedrigem Wert) die Marge bzw. könnte dazu führen, dass sich der gesamte Sollzinssatz ins Negative dreht und damit der Fall eintritt, dass der Kreditgeber dem Kreditnehmer dieses negative Ergebnis gutzuschreiben hätte. (...)...
Bulgaria: Investment incentives under the 2014-2020 regional aid scheme
Following more than a year of discussions after the new General Block Exemption Regulation 651/2014 ("GBER") entered into force on 1 July 2014, in October the Bulgarian Council of Ministers has adopted amendments to the Implementation Regulation to the Bulgarian Investments Promotion Act ("IRIPA"). These set out the investment incentives that will be provided within the scope of regional aid for the period to 2020....
A grand chamber of the Polish supreme administrative court ruled on taxable revenue derived from an asset contribution to a capital company.
The written justification of the Polish Supreme Administrative court's ruling on taxable revenue derived from an in-kind contribution in exchange for shares of a nominal value lower than the fair market value of the contributed asset has recently been published. The oral justification of the ruling was published on 20. July 2015....
The end of the Madrid agreement
The last of the 95 members of the Madrid System, signatory only to the Madrid Agreement but not to the Madrid Protocol, has acceded to the latter. Thus, the Madrid System is now transformed into a One Treaty System with Algeria being the last member....
НОВЕ ОБМЕЖЕННЯ НАЦІОНАЛЬНОГО БАНКУ УКРАЇНИ ЗАБОРОНЯЄ ВІДСТУПЛЕННЯ КРЕДИТІВ ВІД НЕРЕЗИДЕНТІВ
Національний банк України (далі – НБУ) вжив заходів з метою запобігання переведенню внутрішніх боргових зобов’язань резидентів за кредитами у зовнішні зобов’язання, відповідно до пояснень одного з високопосадовців НБУ, як основної мети прийняття постанови Правління НБУ № 551 від 20 серпня 2015 року (далі - Постанова), якою вносяться зміни до постанови НБУ № 354 від 3 червня 2015 року. В той же час, положення Постанови мають біль широке застосування та передусім обмежують права іноземних позикодавців за наданими українським позичальникам кредитами....
National bank of Ukraine takes actions to prevent conversion of borrowings
The National Bank of Ukraine (the "NBU") has taken actions to prevent the conversion of borrowings extended by Ukraine-based lenders to cross-border borrowings. This was announced by the top NBU official as the primary purpose of the new NBU regulation, no.551 of 20 August 2015 (the "Regulation") which supplements regulation no. 354 of 3 June 2015). However, the wording of the Regulation seems to be somewhat far-reaching and concerns the rights of the foreign lenders under cross-border borrowings extended to Ukrainian residents....