Wolf Theiss

Client Alerts

Newssquare New hurdles for consumers buying Real Estate?

Developers initially claimed that the government’s concerns about the market were misplaced and its pro-consumer approach would negatively influence their business. Experts differed, however, emphasizing that the lack of specific regulations was not only harmful for consumers but was also an exception among European legal systems. Prior to the Developers Act, when a developer was declared bankrupt consumers had to stand in the line of regular creditors and wait years for reimbursement (usually only a part) of their invested funds.

Newssquare Is the Internet killing Retail Lease Agreements?

Since the digital age began, models for computing the rent for retail spaces have remained basically unchanged: lease agreements provide for a base rent while high-traffic locations as in, for example, shopping centres, provide an additional component dependent on revenue.

Newssquare The End of unilateral Changes of Interest Rates by Slovak Banks?

By 2016, interest rates set by the European Central Bank reached historic lows. For this reason, a mortgage loan has become a more common way of financing the purchase of real estate. However, it is to be expected that, at some point, the current interest rates will be subject to alteration. Consequently, mortgage loan agreements usually contain a provision authorizing the bank to unilaterally increase the respective interest rate. Hence, it is particularly significant that one of the most frequently used banking products on the Slovak market is the mortgage with variable interest rates, with their possible fixation during the subsequent 3-5 year period.

Newssquare Betriebsanlagenverfahren neu

Elektronische Aktenführung hat auch in den Verwaltungsverfahren Einzug gefunden und unter anderem zu einer Verfahrensbeschleunigung beigetragen. Dem soll in der Novelle der Gewerbeordnung (GewO) Rechnung getragen werden:

Newssquare NEW ICC RULES EFFECTIVE AS OF 1 MARCH 2017

Arbitration is becoming more efficient and transparent and less expensive thanks to recent revisions to the ICC Rules of Arbitration. The ICC Court has introduced rules for expedited arbitration procedures for small claims. Venus Valentina Wong of Wolf Theiss is co-editor and co-author of a new publication that includes a commentary on the new ICC Rules and what they mean for arbitrators, counsel and other interested parties.

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").

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