Legal news

Lithuania: Evaluate the tax risks and tax optimization opportunities when terminating employment agreements. The State Tax Inspectorate (STI) has published an explanation regarding taxation of severance and non-competition payments. Companies paying severance and non-competition payments should note the following: Payments under non-competition agreements are more tax favourable compared to

Lithuania: 20 May 2015 the European Parliament adopted amendments to the European Regulation on Insolvency Proceedings No. 1346 (Regulation). The new amendments introduce: Easy access to national insolvency registers: a new database (European e-Justice Portal) will uniquely enable creditors, investors, business partners, lawyers, and others to check if e.g.

Czech Republic: Obligated persons may make use of a template set of internal policies In its Section 2, the "Act on certain measures to prevent the legitimization of proceeds of crime and the financing of terrorism" (more commonly known as Anti-Money Laundering Act), which is an important weapon in the

Czech Republic: The compensation of costs of proceedings in petty lawsuits has been lowered An amendment to the attorneys' fee scale which came into force in mid-2014 has led to a precipitous drop in the amounts awarded as compensation of the costs of proceedings in those cases in which the

Czech Republic: Commercial Register entries may newly also be effected by notaries public In theory, entries into the Commercial Register could be made by a notary public since 1 January 2014 already, when the Public Register Act came into force. However, actually proceeding in this way has only become feasible