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Banks may now structure financial transactions for Bulgarian clients by using offshore SPVs.
In practice, recognition lawsuits in Turkey are likely to last for between a year and a half and two years.
In July 2006, the UN Security Council passed a series of resolutions by which several foreign trade restrictions were imposed on Iran.
The Czech law provides the obligation to publish a securities prospectus, if those securities are offered to random investors in the Czech Republic. But does this obligation also apply to employee share incentive schemes?
Obligations on employers are in force now.
The recently adopted ZZSDT sets out new conditions for the employment, self-employment and work of foreigners and indirectly transposes the relevant EU Directive into national legislation.
On 21 August 2015 an act amending the Polish Labour Code was published in the Journal of Laws.
The Hungarian Parliament has adopted a new legal regime setting out debt settlement procedures for private individuals.
Romanian authorities have published a draft law on the safety of offshore oil and gas operations.
The profession is divided about the two possible interpretations of the new law.
The Grand Chamber of the European Court of Human Rights (ECHR) has issued its final decision regarding the liability of a news portal for offensive comments made by its users.
The long-expected law on conversion of usage right into ownership against compensation (‘Conversion Act’) entered into force on 28 July 2015.
The purpose of the transition period is to provide the member states with sufficient time to adjust the national rules to the new directives.
Bulgaria: The latest amendments to the Credit Institutions Act – the dictates of bank secrecy prevail
The Bulgarian Corporate Commercial Bank (CCB)’s insolvency has resulted in a variety of changes to the Bulgarian banking legislation.
Schoenherr highlights the amendments to the Serbian Mortgage Act in three key points.
Risk mitigation measures required in bank crisis law.
Ministry proposal underplays advantages of agency staff.
Exporters of firearms do not face big changes as the amendment is a tool of ’legal hygiene’.
Tansfer of loan portfolios now possible among financial institutions.
What remains of the ‘class theory’ following the ECJ’s 1 July 2015 (C- 461/13) ruling with regard to the ‘no-deterioration’ clause?