Austria: Major Changes in Personal Bankruptcy Law
On 28 June 2017 the Austrian Parliament passed the government's legislative proposal on insolvency law (Insolvenzrechtsänderungsesetz 2017). After lengthy negotiations, the government finally agreed to shorten personal insolvency proceedings to a maximum five years and to abolish the minimum insolvency quota of 10 % under certain conditions. The amendments will be applicable as of 1 November 2017. read more…
The Dangers Of Cartels.
Syedur Rahman and Nicola Sharp consider two recent cartel cases and examine why businesses must take care not to become involved in such behaviour.
The Sfo And Section Two Interviews: Why Robust Defence Is Needed
Aziz Rahman explains why the SFO’s insistence that solicitors cannot be present for interviews under Section 2 of the Criminal Justice Act can be and should be challenged.
New Austrian Data Protection Act Implementing Gdpr Passed The Austrian Parliament
After some last-minute amendments, the new Austrian Data Protection Act, implementing and supplementing the EU General Data Protection Regulation, was finally adopted by the Austrian Parliament on 30 June 2017. The new provisions provide for some local specialties that must be considered by all companies active in Austria. All changes become applicable from May 2018 …
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Liability for “LSD”
On 1 January 2017 the Austrian Wage and Social Dumping Prevention Act (Lohn- und Sozialdumping-Bekämpfungsgesetz – abbreviated to "LSD-BG") came into effect. An enhanced liability regime for the principal shall reduce and ultimately eliminate the undercutting of wages, in particular in the construction sector. The last six months have shown increased awareness of potential liabilities …
Understanding the tax liabilities of partners in an unincorporated joint venture
27 Jun 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Understanding the tax liabilities of partners in an unincorporated joint venture
A Holistic Approach to the Proposed Changes to the IP Law
I. Introduction The Law No. 5846 on Intellectual and Artistic Works ("IP Law") is the main legislation in Turkey that is applicable to copyright related matters. In early May, Ministry of Culture and Tourism's General Directorate of Copyrights shared on their website a Draft Law Amending the Law No. 5846 on Intellectual and Artistic Works …
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Significant Amendments to the Romanian Competition Rules – What’s New?
The newly adopted Government Emergency Ordinance No. 39/2017 (the "Ordinance") introduces significant changes to Romanian competition rules. For example, it implements the provisions on actions for damages resulting from competition law infringements, as regulated under Directive 2014/104/EU (the "Damages Directive") and sets out new provisions impacting the food/non-food retail sector, as well as the dawn-raid …
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Antitrust Compliance Program in Ukraine: Current Status and Development Prospect
Mykola Stetsenko, Managing Partner, AVELLUM Yaroslav Medvediev, Senior Associate, AVELLUM 2015 and 2016 turned into a period of reform for the Ukrainian antitrust regulatory framework and the Ukrainian competition authority – the Antimonopoly Committee of Ukraine (AMC). The AMC’s new executive team follows the best European practices in antitrust and competition field as the model …
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Recent Legal Developments in Renewable Energy Sector
Glib Bondar, Partner, AVELLUM Dmytro Symbiryov, Associate, AVELLUM Ukraine has huge potential and capacity for growth in renewable energy sector. In view of the Government’s efforts to attract foreign capital flow into the economy, Ukraine continues to support the “green” energy sector.