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It is well-known that legal proceedings are not constrained by national borders. It is for that reason that within the European Union there are two regulations setting out which court has jurisdiction within the EU in particular cross-border proceedings. In respect of all legal claims brought before 10 January 2015, ... Read More »
Category Archives: Corporate law
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Sustainable Development in the Swedish Financial Market
July 31, 2017
In the last couple of years, development of a sustainable society and environment has become increasingly important within the financial market. For example, such development includes avoiding investments in fossil fuels and instead focusing on sustainable alternatives. In 2015 European politics discussed and drew up new goals on the subject, ... Read More »
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Information Regarding Active and Passive Activity in Swedish Fund Management
July 28, 2017
The fund market consists of both active and passive managed funds (UCITS and AIFs) available for purchase. Simplified, active management involves an individual manager, co-managers, or a team of managers managing the funds by investing the means of the fund in different financial instruments. A passively managed fund is an ... Read More »
Directors disqualification under civil law: mission accomplished?
July 27, 2017
We informed you on several occasions of the directors disqualification under civil law on our Knowledge Page. The legislative proposal and the implications, the submission and its handling in the House of Representatives and the Senate as well as the entry into effect thereof have thus already been discussed comprehensively. ... Read More »
Supervision of legal entities
July 26, 2017
Perhaps without you noticing it, the government has been conducting continuous supervision of all domestic legal entities and foreign legal entities with a principal or branch establishment in the Netherlands since 2011. This was not always the case. The development of the supervision of legal entities and current implementation thereof ... Read More »
Novelization of the Czech Insolvency Act 2017 (part two)
July 20, 2017
The article is devoted to most important changes brought by the novelization of the Czech Insolvency Act, i.e. the Act No. 64/2017 Coll., by which the Act No. 182/2008 Coll., the Insolvency Act („the IA“), is amended, which became effective as of 1st July 2017. In part two we bring ... Read More »
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Novelization of the Czech Insolvency Act 2017 (part one)
July 19, 2017
This article is focused on main changes introduced by the last novelization of the Czech Insolvency Act, i.e. the Act No. 64/2017 Coll., by which the Act No. 182/2008 Coll., the Insolvency Act („the IA“), is amended, which became effective as of 1st July 2017. The aim of this rather ... Read More »
Tax-Loss Carryfowards of Corporations. What is new? What should be done?
July 19, 2017
The German legislator has opened up new possibilities for corporations to continue to use tax losses in the event of a qualified change of shareholders. The intention is to eliminate obstacles to the capitalization of companies. Background An important downside to the acquisition of shares in a corporation (e.g. a ... Read More »
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by: Buse Heberer Fromm
in Corporate law, Germany, Tax law
Nine Reasons for the UN Convention on the International Sale of Goods
July 18, 2017
The reflexive and reckless exclusion of the UN Convention on the International Sale of Goods (CISG) from contracts of sale of goods is often a mistake. Here are nine reasons for the inclusion of the CISG. Almost reflexively choice of law clauses in international supply contracts exclude the CISG. The ... Read More »
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by: Buse Heberer Fromm
in Corporate law, Germany
Interpretation of a letter: has the buyer invoked the financing arrangement clause?
June 26, 2017
Disputes on the interpretation of agreements are a regular occurrence. See my previous contributions (1, 2) on this topic. In a recent ruling by the Supreme Court, another interpretation issue was the focus of attention. In brief, in this case the Court had to determine how a letter between business ... Read More »
Corporations: registration of documents granted by attorneys that are not registered
June 19, 2017
It is well-known that, in the field of representation of mercantile companies, the general powers are obligated to be inscribed in a sheet that is open to every company in the Mercantile Registry and that, when it comes to special powers, their inscription is optional (ex art. 94.1. 5 of ... Read More »
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by: Adarve Abogados SLP
in Corporate law, Spain
Right of the works council to be consulted applies in principle during liquidation
June 14, 2017
The right of the works council to be consulted does in principle apply in the situation where a company has been declared insolvent. In the event of a continuation or restart of a company, the liquidator shall in principle have to give the works council the opportunity to express itself ... Read More »
Following long debates: the government enacts the law promoting transparency in remuneration structures
May 9, 2017
Following the introduction of the statutory minimum wage (01/01/2015), the additional parental benefits (01/01/2015) and the gender balance for management positions (01/01/2016), which also serve to reduce the differences in remuneration between women and men, it is now the intention that an act promoting transparency in remuneration structures (EntgTranspG) will ... Read More »
Methods of industrial action in Germany
May 2, 2017
To what methods of industrial action do employers and employees actually have access under German law, and what developments are currently relevant in Germany in this context? It should be noted that there have been an increasing number of strikes in Germany in recent years. Added to this is the ... Read More »
Which court has jurisdiction in case of termination of an orally agreed distributor agreement?
April 13, 2017
A French party has been distributing Italian foodstuffs in France for an Italian supplier for more than 25 years. The parties never documented their agreements in a (written) distributor agreement, nor did they ever agree on exclusivity (agreement that the distributor may exclusively sell the supplier’s products in a specific ... Read More »