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    New leasing industry regulations

    Belarus: Presidential Decree amending regulation of leasing in Belarus enters into force on 1 September 2014. New Presidential Decree No. 99 dated 25.02.2014 empowers the Belarus National Bank to regulate and control leasing. Under the new rules, leasing companies must be entered by the National

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    Obligations of statutory bodies regarding financial statements

    The basic duties of entrepreneurs include bookkeeping and annual preparation, approval and filing of financial statements. Statutory bodies have to present their financial statements for approval to the shareholders' meeting. Financial statements are filed with the Register of Financial Statements (Register). If the shareholders' meeting does not approve the financial

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    Nowe przepisy dla cudzoziemców

    Polska: Od 1 maja 2014 r. uproszczona procedura uzyskiwania zezwolenia na pobyt czasowy i pracę oraz wydłużone terminy ważności zezwoleń W grudniu ub.r. Sejm uchwalił całkowicie nową ustawę o cudzoziemcach. Wchodząc w życie 1 maja, ustawa ta zastąpi starą ustawę z 2003 roku. W nowej ustawie wydłużeniu z dwóch do

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    Realistic Possibility to Bring Class-action Suits

    Lithuania: A new way to defend group rights. A real possibility to bring class action suits will appear on 1 January 2015 when new amendments to the Code of Civil Procedure ("CCP") enter into force. So far the law has not provided a mechanism to handle these actions. The possibility

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    Restrictions on application of contractual penalty clause

    Latvia: The struggle by the Parliament and the courts against onerous and disproportionate contractual penalties was a feature of 2013; below we review the most important changes in this regard. The Civil Law amendments are the first results of this battle. Notably,

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