Știri juridice
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news
Guidelines on business partners
Lithuania: Tax authority issued guidelines on the reliability of new business partners due to VAT violations. On 25 February 2014, the State Tax Inspectorate under the Lithuanian Ministry of Finance (STI) issued guidelines on the reliability of new business partners. The STI listed criteria to be taken into account when
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news
What to do with the statutory reserve?
Czech Republic: As of 1 January 2014, limited liability companies and joint-stock companies are no longer obliged to create a statutory reserve. As of 1 January 2014, matters of corporate governance are addressed by the Corporations Act, which (save for a few special cases) does not require limited liability companies or joint-stock companies to
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news
One and the same person in a double executive/supervisory role at a joint-stock company?
Czech Republic: As of 1 January 2014, joint-stock companies may elect to use the one-tier governance model The new private law has arrived, and with it a new option for joint-stock companies to opt for the one-tier system of corporate governance under which a corporate executive officer and an
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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