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Newssquare Slovenia – Courts in times of Corona

The amendment to the COVID-19 Measures Act published on 30 April 2020 is the first step towards a continuation of judicial proceedings. The president of the Supreme Court allows court hearings to take place through video conferencing.

Creditors have noted a deterioration in payment discipline on the part of their debtors which is (at least partly) caused by the official measures aimed at curbing the COVID-19 outbreak. Under the act on extraordinary measures for courts and administrative authorities ("COVID-19 Measures Act") the time limits were suspended and the service of relevant documents was likewise stopped. An amendment to the COVID-19 Measures Act entered into force on 1 May 2020...

Newssquare THE FEDERATION OF BOSNIA AND HERZEGOVINA: MUCH ANTICIPATED LEGISLATION ADOPTED TO MITIGATE ECONOMIC EFFECTS OF COVID-19

On 4 May 2020, the Parliament of the Federation of Bosnia and Herzegovina (FBIH) adopted the Law on the Mitigation of the Negative Economic Consequences of COVID-19 (Stabilization Law) in the urgent parliamentary procedure. The Stabilization Law should become effective on the next day after the day of its publication in the Official Gazette of FBiH, which is expected shortly. It will be valid through the duration of the state of emergency and 60 days thereafter. The Federal Tax Authority is tasked with adopting the relevant implementation instructions within ten (10) days from the day it becomes effective. In order to learn more, please download the file below.

Newssquare SLOVENIA ADOPTED MUCH AWAITED LIQUIDITY MEASURES FOR BUSINESSES

On 1 May 2020, the Act on Additional Liquidity to the Economy to Mitigate the Effects of the COVID-19 Infectious Disease Epidemic ("COVID-19 Liquidity Act) came into force. It aims to facilitate the provision of liquidity by banks through an incentive in form of a state guarantee of up to EUR 2 billion. In the file below, we summarize the main legal solutions.

Newssquare Slovenian courts in the times of Coronavirus: Have creditors been left with nothing?

Creditors have noted an increased deterioration of their contractual partners' payment discipline caused by governmental measures aimed at curbing the COVID-19 virus. Courts do not offer effective legal protection because the Act on extraordinary measures for courts and administrative authorities has suspended the deadlines, and the courts have stopped the service of official documents. An amendment to the Act entered into force on 1 May 2020 and allows judicial proceedings to continue. In order to learn more, please download the file below.

Newssquare Slovenia – National Assembly revises the law on COVID-19-related reimbursements to employers for a second time

On 1 May 2020, a law revising and amending the second set of intervention measures (ZIUZEOP) (ZIUZEOP-A) was enacted. Once again, the legislator decided to revise certain rules retroactively, with effect as of 13 March 2020. Due to unclear or ambiguous transitory provisions, it remains unclear what certain rules will mean for employers who already filed applications for reimbursement of salary compensations paid out to employees – and even for employers who have already received favourable decisions from the Employment Service of Slovenia. In order to learn more, please download the file below.

 

Newssquare Wirtschaftsrechtliche Blätter - Die Emission von Wertrechten auf Basis verteilter elektronischer Register – Distributed Ledger Technology

Die Digitalisierung des Kapitalmarkts am Beispiel eines Modells zur Emission von Wertrechten in Österreich. Die rechtlichen und technischen Rahmenbedingungen für die Umsetzung einer digitalisierten Emission - durch den Einsatz von innovativen Technologien, wie etwa der Blockchain-Technologie und von DLT-Systemen.

Newssquare POLAND: ALLEVIATION OF RESTRICTIONS ON BUSINESS ACTIVITIES AND SOCIAL LIFE

Poland – The Prime Minister held a press conference and announced further amendments to the Regulation of the Council of Ministers on introduction of specific limitations connected with the state of epidemy within the territory of the Republic of Poland. These amendments include alleviation of some restrictions regarding business activity, places of art and culture, kindergartens and nurseries. The most important information relates to the re-opening of shopping centers starting from 4 May 2020. In order to learn more, please download the file below.

Newssquare LESSONS LEARNED: ACQUIRING PROTECTIVE FACE MASKS IN THE COURSE OF A PANDEMIC

In the midst of the current Covid-19 crisis, there is an unprecedented worldwide demand for protective face masks. Despite various efforts by the EU and the national legislator in order to ensure swift availability of PPE and medical devices, there are currently considerable hurdles obstructing the acquisition of masks on the world market. Apart from the obvious difficulty in relation to shipment, meeting the required quality standards of masks proves to be particularly challenging. Having assisted a public body in acquiring protective face masks on the world market, we summarize in the file below the most important lessons learned.

 

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