Legal news

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    SMEs and merger control in the focus of Competition Act amendment

    Hungary: The aim of the June 2015 amendment is to develop competition awareness and to set up more detailed procedural rules for the GVH (Hungarian Competition Authority) New type of sanction for SMEs The new regulation enables the GVH to issue a warning instead of imposing a fine

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    Brussels I recast

    Czech Republic: New rules on jurisdiction, recognition and enforcement of judgments in civil and commercial matters as of 10 January 2015 The recast Brussels regulation (Regulation (EU) No 1215/2012 on jurisdiction and the recognition of judgments in civil and commercial matters recast) introduces a simplified procedure for the recognition and

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    Relaxing minimum wage law – for now just a little

    Germany: Only half a year after implementation of a minimum wage law, documentation requirements for employers are already being relaxed. Until now the documentation requirement was limited to a monthly income of 2.958,00 EUR. As long as this threshold was not exceeded, employers were no longer subject to the strict

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    Requirements for company financial accounting reduced

    Lithuania: Simplified requirements will apply for a newly distinguished “micro-companies’” group. This will cover most Lithuanian companies. A company will be treated as a micro-company if at least two years in a row it does not exceed at least two of the following criteria: Property value in the balance

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    Estonia’s new Building Code enters into force in July

    Estonia: Building Code gathers building regulation into one place. Estonia‘s new Building Code enters into force on July 1, 2015. The Code gathers building regulation, previously scattered across different laws, into one place. Codifying building law has been a long process: work started in 2008 and the

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