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Czech Commercial Register in 2015 – Registration by Notaries

Czech Commercial Register in 2015 – Registration by Notaries

As of 1st January, 2014 the Commercial Register is regulated by a new single Act No. 304/2013 Coll., on public register of legal entities and individuals  (the „Public Registers’ Act“). The Public Registers’ Act newly sets that the Notaries are authorised to register entries in the Commercial Register and other ... Read More »

Commercial Register after the civil law recodification process in the Czech Republic – what cannot be missed!

Commercial Register after the civil law recodification process in the Czech Republic – what cannot be missed!

As of 1st January, 2014 the Commercial Register is regulated by a new single Act No. 304/2013 Coll., on public register of legal entities and individuals  (the “Public Registers’ Act”). New legal regulation of the Czech Commercial Register in many aspects follows the previous regulation, however, it also introduces a ... Read More »

As from January 2015 – new amendments to the Civil Code of the Republic of Lithuania, which extend the requirements for notarial form of transactions.

As from January 2015 – new amendments to the Civil Code of the Republic of Lithuania, which extend the requirements for notarial form of transactions.

Lithuanian Parliament adopted amendments to the Civil Code (Project No. XIIP-248 (2), limiting the possibilities for initiating false fraud-related criminal offenses and aligning the provisions of the Civil Code with the introduction of the euro in Lithuania. Together with the aforementioned changes in the Civil Code, laws amending the Law ... Read More »

Be careful with the registration of authorised representatives at the Chamber of Commerce using form 13

Be careful with the registration of authorised representatives at the Chamber of Commerce using form 13

The main rule with regard to a public limited liability company (N.V.) or private limited liability company (B.V.) is that the board is authorised to represent it; the representative power is in addition vested in the directors, individually or jointly. In addition to the directors, also holders of a power ... Read More »

Remember to properly document the holding of an annual general meeting of shareholders (owners) of your Russian firm

Remember to properly document the holding of an annual general meeting of shareholders (owners) of your Russian firm

This time of the year all Russian companies should hold annual shareholders meetings. Even when a formal meeting is not held it is important to make proper records and documentation of all shareholders’ decisions. Unfortunately, corporations frequently fail to pay enough attention to these issues which leads to unnecessary risks ... Read More »

As of 2015 all Russian companies are to report on and prepare documentation on all cross-border related-party transactions

As of 2015 all Russian companies are to report on and prepare documentation on all cross-border related-party transactions

Since 2014, all cross-border related-party transactions are subject to transfer pricing regulations, notwithstanding their value. Before 2014, transfer pricing rules applied only to major cross-border related-party transactions, that is, transactions deriving income in the amount of RUB 100 million and RUB 80 million in 2012 and 2013, respectively. This means ... Read More »

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