Legal news

Czech Republic: An amendment to the Accounting Act provides new rules for the valuation of product inventory The major amendment to the Accounting Act which implements Directive 2013/34/EU into Czech law among other things touches upon the valuation of production inventories. Under the previous regime, companies had a choice: either

Belarus: Significant changes concerning investor activity in Belarus are introduced by Presidential Decree no 8 of 13 November 2015. The new regulation affects projects carried out on the basis of an investment contract with the Republic of Belarus. In the future, these contracts will be concluded only when an investment

Hungary: A modern and efficient Civil Procedure Code is in progress to ensure rapid conclusion of civil procedures Significance of the current Civil Procedure Code expressed in figures More than 200 000 civil procedures are initiated in Hungary every year. If we take into account pending procedures and cases at

Latvia: Recent changes in the Public Procurement Law set a clear framework for possibilities to amend procurement contracts after completion of the tender procedure So far the contracting authorities were very limited in the scope of modifications. This meant they were often unable to ensure economically more successful implementation of

Poland: New regulations on practices violating collective consumer interests involving financial products On 17 April 2016 changes to competition and consumer protection law come into force. The new regulations prohibit practices violating collective consumer interests, labelled “misselling". This term refers to proposing to consumers the purchase of financial services which do not