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    Important news for company owners

    Belarus: Changes in registration and liquidation procedure for business entities. On February 28, 2017, the President of the Republic of Belarus signed Decree No. 2, which amends Decree No. 1 of January 16, 2009, "On State Registration and Liquidation (Termination) of Business Entities." Here we note the most important changes

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  • Aktualności

    Case law on redundancy and transfer of undertakings

    The Supreme Court has issued a judgment on the grounds for redundancy when restructuring a company and outsourcing services. The Supreme Court’s ruling in a case dealing with termination arising from staff cuts is a landmark case in the area of labour law, providing greater employee protection.The court was

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  • Aktualności

    Merger control rules changed

    Hungary: Simpler notification-based procedure, lower fees The Act on Prohibition of Unfair Trading Practices and Unfair Competition has recently been amended with regard to the EU harmonisation procedure. The main elements of the amendments are: Obligation to notify Instead of the prior merger clearance system based on an application for

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    EU enables creditors

    Lithuania: New EU regulation in force from 18 January: creditors may apply for a preservation order on a debtor’s bank accounts within the EU. On 18 January 2017 EU Regulation No. 655/2014 came into force, establishing a new uniform European procedure for preserving (blocking) bank accounts, allowing creditors to preserve

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  • Aktualności

    Resurrection of Personal Insolvencies in Slovakia?

    Necessity of an amendment regarding personal insolvencies   In November 2016, the Slovak Parliament passed an amendment to the Act on Insolvency and Restructuring (“IARA”). One of its major aims is to address defects in the law of personal insolvencies, which are a

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