Právní novinky

Lithuania: Additional administrative burden from 1 October 2016. Registers to be kept by all taxable persons. We remind you that the STI’s order to submit registers of VAT purchase and sales invoices will come into force on 1 October 2016. Registers must be submitted to the STI by taxable persons

Lithuania: bnt attorneys-at-law successfully defended Commerzbank, a leading German bank, before the Lithuanian Supreme Court. The dispute concerned complex counter-guarantee and pledge relations between two commercial banks. The claimant, Lithuanian Ukio bankas, against which insolvency proceedings had been opened, requested the return of security deposits that had been pledged to

Belarus: New legislation adjusts benefits for companies in medium sized cities, towns and rural areas and enables free trade zone residents to take advantage of the same benefits. As before, businesses involved in middle sized cities, towns and rural areas may enjoy tax, customs and other benefits. For example, within

Estonian residents and E-residents no longer need to be physically present when opening a bank account. On 16 June 2016 the Estonian Parliament passed amendments to further simplify the process of becoming an E-resident, making E-services even more user-friendly. Both E-residents and Estonian citizens may now open a bank account

Hungary: An American Perspective By the end of 2016, Hungary, similar to other EU Member States, must implement Directive 2014/104/EU. The Directive is intended to improve conditions of private enforcement against infringements of EU and national antitrust laws by setting common minimum standards in all Member States. Among the more