Legal news
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news
Store design as a trade mark
Czech Republic: A Court of Justice judgment has made it possible to register the design of retail premises as a 3D trade mark In November 2010, the leading hardware and software company Apple Inc. successfully had a three-dimensional trade mark registered in the U.S. which essentially consisted of a representation
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Is severance pay subject to VAT?
Czech Republic: According to the courts, where severance pay serves to compensate previously rendered performances, it is subject to VAT The Supreme Administrative Court reviewed the issue of whether the severance pay agreed in a termination agreement was subject to VAT (case file No. 8 Afs 30/2013). Under a contract
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The Business Judgment Rule
Czech Republic: Liability of corporate officers is limited to adherence to proper procedure in reaching business decisions The Corporations Act (which has been in force since 1 January 2014) contains provisions which expressly recognize the "Business Judgment Rule", with the objective to provide comfort (a "safe harbor") to elected corporate
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LLC without initial capital?
Poland: Council of Ministers accepts project guidelines for amendment to Commercial Companies Code. Planned changes aim to make the Polish model of limited liability company more flexible and to increase its competitiveness on European markets. If accepted, the amendment will be quite a revolution in company law. The biggest change
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New sectoral tax on the Hungarian market – advertising tax
Hungary: After passing a special tax imposed on the media legal gaps came to the focus the legislature aims to close rapidly before the law becomes effective. The legislature recently adopted an act on advertising tax, burdening the media sector of the Hungarian market with a specific tax applied to