Arm’s Length Interest Rates for 2019 Published

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Competition authorities in the region initiate merger control investigations against Agrokor’s successor Fortenova

By Bojan Vuckovic The Croatian food and retail powerhouse Agrokor almost collapsed due to financial difficulties in 2017, but was saved from bankruptcy when its creditors accepted a debt resettlement deal in July 2018. Following the implementation of the deal, Fortenova Grupa d.d. (“Fortenova“) begun its operations on 1 April 2019 as the successor to the troubled conglomerate. However, […]

Republika Srpska introduces tax incentives from 2020

The National Assembly of Republika Srpska, one of entities in Bosnia and Herzegovina adopted the Law on Amendments to the Law on Corporate Income Tax (CIT Law). The most important changes to the current provisions concern introduction of tax incentive for investments made in equipment and production facilities. Incentive will start to apply from 1 […]

Dawn raid conducted in Montenegro

Montenegrin Competition Agency announced earlier this month that it conducted a dawn raid on 25 July 2019 in the premises of providers of after-sales services for motor vehicles (including motorcycles), looking at the terms of guarantees, manner of service provision and spare parts sales. The dawn raid was conducted as a part of a formal […]

Copyright and Related Rights: Next level

By Nikola Kliska, Sara Vilotijević With Directive on Copyright in the Digital Single Market still causing mixed feelings throughout Europe, Serbia takes the best out of earlier EU Directives in the area of protection of copyright and related works and implements it into its national legislation. The amendments to the Law on Protection of Copyright and Related Rights as of […]

Serbia Changed the Law on Patents

By Nikola Kliska The Amendments to the Serbian Law on Patents were enacted on 17 September 2019 and will come into force on 26 September 2019. The most significant changes were brought in the field of innovations made in the course of employment (employees’ invention). The previous version of the law stipulated that innovation created even up to one year after employment had […]

Latest Briefings

Responsibilities of the members of the board of directors due to public debts

By Gülenay Kavcar In the light of the decision of the Constitutional Court regarding the application of EROL KESGİN dated 2015/11192 and dated 30.05.2019, the members of the Board of Directors who are not represented have the responsibility of the liability of the Board of Directors.     I. BRIEF SUMMARY OF THE CONSEQUENT EVENT The provincial […]

Do I need to get planning permission for the changes I want to make to home?

By Martín Casas If you’re thinking about  doing works on your house or garden, one of the things you will be thinking about (or should be thinking about!) is if you need to obtain planning permission. In most cases you will need planning permission, but there are a few occasions where you don’t. Probably the most […]

The impact of economic substance rules on family offices in the Channel Islands

By Richard Laignel, Alice Bricogne The economic substance legislation that came into force in Guernsey and Jersey in January 2019 requires companies that are tax resident in either island, and that conduct one or more of the defined activities, to demonstrate that they meet threshold levels of physical substance in their respective jurisdictions. How do the rules […]

Standard collaterals in commercial lease agreements on polish market

Under a lease agreement, a landlord commits to hand over a thing for a tenant’s use for a fixed or non-fixed term and the tenant commits to pay the landlord the agreed rent. When the lease ends, the tenant is obliged to return the thing in a non-deteriorated condition; however, is not liable for normal […]

The employer’s obligation on labour safety and hygiene in mongolia

By Bolormaa Volodya Mongolia is one of the wealthiest countries in the world of mineral resources and has developed its own independent mining industry since 1990. The country has joined the implementation of European and international technical, environmental and occupational safety and health standards in the mining sector to improve its competitiveness in the public […]

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Norton Rose Fulbright has formed a global payments practice in an effort to extend its consulting efforts to the challenges clients face when launching new digital financial services. The practice, which is mainly overseen by partner and global head of financial services Jonathan Herbst and fintech partner Victoria Birch, involves a 50-strong team including fee-earners from […]

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Bakers sets target for senior-level BAME representation

In its latest gender pay gap report, Baker McKenzie has posted a target to achieve 14 per cent BAME representation across its London partnership and within senior levels. This is the first time that the firm has published ethnicity pay gap figures, with a 17 per cent hourly pay gap for black, Asian and minority […]

Burford eyes new funding opportunities as profits surge 24 per cent

Litigation funder Burford Capital has reported a 24 per cent surge in its net profit for 2018, as well as a rise in overall income to $420m. Net profits reached $328m last year, according to the UK listed company. However, the increase was not as dramatic as in 2017 when it posted an 109 per […]

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