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As of 13 August 2014, the amendments and supplements to the Insolvency Act are in force, published in the Official Gazette of RS no. 83/2014.
Austrian merger control continues to capture non-full-function joint ventures...
The ‘threshold regulation’ adjusting the sub-thresholds of the Austrian Procurement Act (BVergG) will be extended once again, namely for two more years.
In a recent decision, the SCCR has ruled on the issue of the irreversibility of the legal effects of registration of transformation in the Czech Commercial Register.
After introducing the ‘sectoral sanctions’ against Russia on 1 August 2014, the sanctions regime was tightened further on 12 September as set out in EC Regulation No 960/2014.
EU/ECJ: voluntary ex ante transparency notice does not provide clean bill of health for awarding a contract without prior publication
The ‘voluntary ex ante transparency notice’ does not preclude review authorities from declaring a contract ineffective if it was awarded without prior publication of a contract notice.
Hungary’s new advertising tax may affect regular manufacturing and trading companies active in various industry segments.
The Slovenian Competition Protection Agency may impose a fine of up to 10 per cent of a company’s annual turnover for infringements of article 9 of the Competition Act.
Schoenherr has advised the consortium of shareholders of Aerodrom Ljubljana on the privatisation of Slovenia’s primary airport in Ljubljana.
Schoenherr has advised the lender syndicate of bauMax on the sale of the art collection ‘Sammlung Essl’ to a company controlled by the Haselsteiner Group.
EU/Austria: TSO certification proceedings reveal Austrian gas law’s possible non-compliance with EU Gas Directive
On 18 July 2014, E-Control released its affirmative decision in relation to the certification of Trans Austria Gasleitung as a transmission system operator (TSO) for gas.
The National Bank of Ukraine has introduced the compulsory exchange of 100 per cent of foreign currency proceeds.
Slovenian legislation is still lagging behind in transposing the IPPC/IED baseline reporting requirements into national environmental law.
On 25 July 2014, the Polish Parliament passed on an amendment of the Public Procurement Law.
Schoenherr has advised Laakman Holding on the increase of its participation in the listed fund company C-QUADRAT Investment.
What was previously regarded as a mission impossible has now become a process with fewer formalities and less time required.
Austrian tax law enables taxpayers to avoid criminal tax sanctions or penalties in case of fiscal offences by submitting a voluntary disclosure.
Austria: German Supreme Court enacts duty for banks to disclose internal commission payments — but only for future cases
The banking law senate of the German Supreme Court stipulates far-reaching disclosure obligations for banks with respect to internal commission payments for investments.
Schoenherr has advised Ashland on the Austrian aspects related to the sale of its global water technologies business to private equity fund CD&R.
The European Union has recently agreed to an additional, higher level of sanctions against Russia.