Legal news

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    Changes to accounting and audit legislation

    Belarus: Introduction of International financial reporting standards (IFRS) Introduction of International financial reporting standards (IFRS) With the new audit Law coming into force it will compulsory to carry out a statutory audit by June 30 of the year following the reporting period. The company must notify the

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    Higher-grade collective agreements

    Higher-grade collective agreements without employer’s consent.Higher-grade collective agreements without employer’s consent. Parliament approved amendments to the act on collective bargaining. However, the president did not sign it and returned it to the parliament with comments for discussion. An amendment to the collective bargaining law approved by the parliament regulates the

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    Lithuania seeks simpler and more transparent public procurement

    Lithuania: Seimas adopts amendments to the Law on Public Procurement Seimas adopts amendments to the Law on Public Procurement The Lithuanian Parliament has recently adopted amendments to the Law on Public Procurement (the Law) the most significant of which relate to low-value purchases and more efficient procurement transparency and

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    Stricter liability for executive officers in New Hungarian Civil Code

    Hungary: Strengthening of creditors’ interests means stricter liability for executive officers under the New Civil Code Strengthening of creditors’ interests means stricter liability for executive officers under the New Civil Code Following 15 years of preparation, the new Civil Code entering into force on 15 March 2014 has

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    New legal framework for limited liability companies after 1 January 2014

    Czech Republic: Czech private law is about to be revolutionized: a new Civil Code and Corporations Act are coming into force. Czech private law is about to be revolutionized: a new Civil Code and Corporations Act are coming into force. The new private law fundamentally redraws

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