Client Alerts
Latest amendments to the Bulgarian energy act – attempt towards electricity market stability and liberalisation
On 07.03.2015 a Bill of Amendment and Supplementation of the Bulgarian Energy Act has been published with an immediate effect. The Bill introduces amendments to the regulation of the entire energy value chain which affect electricity, gas and heat activities, and the functions of energy regulators....
BVergG-Novelle/Faire Vergaben: Erste Informationen zum geplanten Inhalt
Die geplante Novellierung des BVergG zum Stichwort "Faire Vergaben" biegt in die Zielgerade ein. Anbei finden Sie den Wortlaut der bisher bekannt gemachten Informati-onen aus dem Papier zur Regierungsklausur vom 23./24. März 2015 betreffend das Konjunkturpaket:...
HETA Asset Resolution – Temporary moratorium imposed by FMA
On 1 March 2015, the Austrian Financial Market Authority has initiated the resolution of HETA ASSET RESOLUTION AG. In substance, the resolutoin measures are modelled along the new European resolution regime for Banks ("Bank Recovery and Resolution Directive - BRRD")....
ANRE orders no. 8 and 9/2015
Starting with 4 March 2015, ANRE Order no. 8/2015 on the approval of the mandatory green certificate acquisition quota for 2014 (Order no. 8/2015) and ANRE Order no. 9/2015 on the approval of the pricing values for the acquisition of green certificates and the value of a non-acquired green certificate for 2015 have entered into force (Order no. 9/2015)....
Act on amendments to the general tax act
The Act on Amendments to the General Tax Act (“Act”) introducing significant changes to the Croatian tax system, such as binding opinions of the Tax Authority, administrative agreements and administrative settlements enters into force on 17 March 2015....
Das Gesetz über die Änderungen und Ergänzungen des allgemeinen Steuergesetzes
Am 17. März 2015 trat das Gesetz zur Änderung des Allgemeinen Steuergesetzes in kraft („Gesetz“). Das Gesetz führt wesentliche Neuerungen des kroatischen Steuersystems ein, wie die verbindliche Stellungnahme der Steuerbehörden, den Verwaltungsvertrag sowie das Verwaltungsabkommen....
Kaj se je zgodilo z izvršnim direktorjem banke zaradi lova na internega žvižgača?
Sprejeti pravilnik o internem sistemu prijave kršitev in naročiti programsko opremo, ki omogoča oddajo anonimnih kršitev, je relativno enostavno. Ko družba prejme prijavo internega žvižgača, ki po vrhu vsega zadeva celo njeno najvišje vodstvo, pa se začnejo zadeve lahko precej zapletati. Odmeven primer Barclays banke, o katerem so poročali številni mednarodni mediji, kaže, da se "lov na čarovnice" ne splača. To pa se prepreči le z vzpostavitvijo ustreznega sistema prijav kršitev....
Recent developments around Agrokor
A notable event on the Croatian financial market this year has been the financial turmoil around Agrokor d.d., the largest privately owned company in Croatia and one of the leading retailers and agricultural companies in Southeast Europe with over 60,000 employees and 30+ subsidiaries. The material parts of Agrokor's business are located in Croatia, Slovenia, Serbia and Bosnia and Herzegovina....
A potential blow for wind power in Poland
A recent bill on wind power plant investments, sponsored by MPs of the Law and Justice party, is very controversial to say the least. In its current wording, the proposal will certainly decrease both the feasibility and profitability of wind power plant investments in Poland. Investors in this sector are particularly disappointed with the minimum distance restrictions, the increased real estate tax burden, the significant costs of obtaining and renewing the new operational permit and the zoning requirements....
Legal adviser Wolf Theiss expects 10-15 M&A transactions in Poland in 2015
Legal adviser Wolf Theiss sees its pipeline of pending M&A transactions in Poland more robust than it has been in recent years and expects to carry out between 10 and 15 M&A transactions this year, more by a third than last year, a co-managing partner at the Warsaw office of the consultancy told DealWatch....
HETA Asset Resolution- Temporary moratorium imposed by FMA (German)
On 1 March 2015, the Austrian Financial Market Authority has initiated the resolution of HETA ASSET RESOLUTION AG. In substance, the resolutoin measures are modelled along the new European resolution regime for Banks ("Bank Recovery and Resolution Directive - BRRD"). Click "Read More" to view the German version of the alert....
Natural gas & electricity transactions reporting requirements
On 7th of January 2015 the European Commission adopted Commission Implementing Regulation (EU) No 1348/2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (REMIT)....