June 7, 2016
Last year the new Part 21A was introduced into the Companies Act 2006, creating a new regime for almost all companies incorporated in any part of the UK to create and maintain a register of people with significant control (the PSC register regime). The first two important PSC register regime ... Read More »
by: Wedlake Bell
June 2, 2016
After a general introduction, this post will discuss a ruling by the judge in interlocutory proceedings in Rotterdam of 30 March 2016 on a continuing performance contract to produce and deliver dry soups which are eventually intended to be passed on to Heinz (ECLI:NL:RBROT:2016:2467). The purchaser ‘Continental Foods Belgium’ terminated ... Read More »
May 31, 2016
National legal systems routinely contain special provisions to be used for evaluating General Terms and Conditions of Business (GTC), and German law is no exception. Clauses that qualify as general terms and conditions of business are automatically subject to this rigorous scrutiny. If they do not withstand scrutiny, they are ... Read More »
April 5, 2016
On 3 February 2016, the State Administration of Foreign Exchange of the People’s Republic of China (“SAFE”) promulgated the Administrative Provisions on Foreign Exchange for Domestic Securities Investments by Qualified Foreign Institutional... Read More »
April 5, 2016
On 26 January 2016, the General Administration of Quality Supervision, Inspection and Quarantine (“AQSIQ”) issued the Administrative Measures for Imported and Exported Commodities Inspection and Authentication Institutions (“Measures”), for implementation as of 1... Read More »
March 31, 2016
As in Dutch law, German law on the sale of goods also requires the vendor to supply the purchaser with a fault-free item. If, however, the goods sold are defective, the statutory warranty clauses apply – unless General Terms and Conditions apply to the contractual relationship. However, we will not ... Read More »
March 31, 2016
In June 2015, China released guidelines on the reform of the Business License. The Business License will be replaced by an integrated Business License, which will combine the Organization Code Certificate, the Tax... Read More »
January 29, 2016
The 2016 Budget Measures Bill proposes that from year of assessment 2017, all expenses will be considered allowable for tax deduction, only if the invoice/fiscal receipt presented is valid for VAT purposes. Should the new provision be enacted, it will consequently amend Article 14 of the Income Tax Act-“Deductions”, whereby ... Read More »
by: EMD Advocates
January 28, 2016
The E.U. Single Accounting Directive 2013/34/EU has brought about a new set of financial requirements which repeal the 4th and 7th Accounting Derivatives on individual and consolidated accounts. The aim for this new change is to simplify the preparation of the statutory financial statements for those small and medium entities ... Read More »
by: EMD Advocates
January 26, 2016
The topic of this article follows up to our previous articles dedicated to pre-contractual liability as a novelty of the Czech legal system introduced by the New Civil Code (Act No. 89/2012 Coll., the “NCC”) and is focused on the fourth and last merit of pre-contractual liability. This merit of ... Read More »
January 22, 2016
The topic of this article is devoted to third merit of pre-contractual liability lying in non-conclusion of contract so far in contractual negotiations when its finalization is deemed to be very likely. This merit is defined in Section 1729 (1) of the NCC (Act No. 89/2012 Coll., the New Civil ... Read More »
January 20, 2016
As we have written before, so called pre-contractual liability is one of new institutes of the contract law and execution of contracts under the new Czech civil law as introduced by the New Civil Code (Act No. 89/2012 Coll., the “NCC”), effective as of 1st January 2014. This article follows ... Read More »
January 18, 2016
As we have already written in our previous article “Pre-contractual liability – New rules for contractual negotiations in the Czech civil law”, the institute of so called pre-contractual liability is one of the new institutes of the contract law and execution of contracts under the new Czech civil law as ... Read More »
January 14, 2016
The topic of this article is devoted to so called pre-contractual liability – one of the new institutes of the contract law and execution of contracts under the new Czech civil law as introduced by the New Civil Code (Act No. 89/2012 Coll., the “NCC”), effective as of 1st January ... Read More »
December 3, 2015
Compensation of third-party companies in the event of a strike (Federal Labor Court, decision dated August 25, 2015 – 1 AZR 754/13) Third-party companies are often affected by strikes. In its ruling from August 25, 2015 the Federal Labor Court decided that airlines affected by an air traffic controller strike ... Read More »
by: Buse Heberer Fromm
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