November 11, 2016
In the recent decision of BTI 2014 LLC v Sequana SA & others, the High Court considered a number of legal aspects around the payment of dividends and the making by directors of a statement of solvency. The facts The facts are long and complicated, but in summary company A ... Read More »
by: Wedlake Bell
November 1, 2016
The Business, Innovation and Skills Committee of the House of Commons has jumped on the bandwagon and launched an inquiry into corporate governance. An analysis of governance is drawing interest from a broad spectrum of people including our new Conservative Prime Minister, the Labour chair of the Business, Innovation and ... Read More »
by: Wedlake Bell
October 26, 2016
Unfortunately, the economic crisis of the last decade has had many negative effects on the Spanish economy, and as a consequence, many professional relationships have been biased by these difficulties. Contracts have been left unfulfilled, debts unpaid, goods undelivered, buildings unfinished, etc. As a result, many foreign service providers, suppliers ... Read More »
by: Adarve Abogados SLP
October 21, 2016
As of October 1, 2016 the New Act on Trading Hours in retail sale and wholesale published in the Czech Collection of Laws under No. 223/2016 Coll. became effective. The main aim of this new act is to regulate trading hours and to set up general prohibition of trade on ... Read More »
October 20, 2016
In today’s global world, products and services can be found in most varying markets, often under the same brand or label. Just to name one example: „Aldi“ food discounters – Germany’s longterm market leader and supposedly the most successful innovation in German retail trade of the 20th century – nowadays ... Read More »
by: Buse Heberer Fromm
October 6, 2016
“They’ve stopped shipping!” That’s a phrase that is sure to throw any vehicle manufacturer or automotive parts supplier into a full-blown panic. The reason, of course, is that in order to increase efficiency and reduce waste, the automotive industry operates on a “just-in-time” basis, with vehicle manufacturers and component suppliers ... Read More »
September 19, 2016
In 2010, a reform of the Criminal Code, introducing the criminal liability of legal entities in Spanish law; in 2015, a subsequent reform regulated the basic models of crime prevention; it has provoked a small revolution in the legal world and it has been the subject of many doctrinal articles, ... Read More »
August 26, 2016
This article is devoted to the new act of registry of contracts (Act No. 340/2015 Coll.), which became effective as of 1 July 2016. The Act establishes in the Czech Republic a registry of contracts, an informative system of the public administration that serves as a platform for publication of ... Read More »
August 25, 2016
The simplification and reduction in the costs of establishment of a simple limited liability company brings us the novelization of the Czech Act No. 549/1991 Coll., on Court Fees (Act No. 161/2016 Coll.), which became effective as of 7 June 2016. Regarding the fact that a limited liability company is ... Read More »
August 2, 2016
Many foreign entrepreneurs establish a subsidiary in Germany, frequently choosing a Kapitalgesellschaft (company) for liability and tax reasons. The most familiar forms of company in German law are the Aktiengesellschaft (AG), or public limited company and the Gesellschaft mit beschränkter Haftung (GmbH), or limited liability company. Both are autonomous legal ... Read More »
July 20, 2016
Prejudgment attachment plays a big role in Dutch debt collection practice. After obtaining leave, a prejudgment attachment can be levied on assets of the other party. The other party then loses its unfettered control over these assets. If the other party wishes to regain this control, a joint solution with ... Read More »
July 18, 2016
IRS Provides Guidance for Taxpayers seeking to engage in 1031 Exchanges of Fractional Interests On May 27, 2016, the Internal Revenue Service (the “IRS”) released Private Letter Ruling 201622008 (the “PLR”) providing helpful guidance on when tenants-in-common (“TIC”) agreements may be construed as creating a partnership between co-owners. The letter ... Read More »
July 4, 2016
Many charities have subsidiaries which carry out trading activities in order to generate income which can then be applied to further the objects of the parent charity. There are a number of ways in which such income can be paid up to the parent charity and one frequently used route ... Read More »
by: Wedlake Bell
July 1, 2016
During the Shareholder Spring of 2012 shareholders won the argument that non-executive directors alone could be trusted to keep directors’ pay under appropriate scrutiny and control. Accordingly, the UK government took action and put in place a new remuneration reporting regime for listed companies (not including companies with securities admitted ... Read More »
by: Wedlake Bell
June 21, 2016
Online dispute resolution platform Regulation (EU) No. 524/2013 on online dispute resolution for consumer disputes has directly applied in all EU Member States, including Germany, since January 2016. The Regulation applies only to online trade with consumers by companies headquartered in Europe (i.e. not in Switzerland, China or the USA). ... Read More »
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