CEE: EU & Competition Monthly Bulletin – March 2020

Stay informed about the latest developments in competition law in Central and Eastern Europe with Schoenherr’s multi-jurisdictional newsletter. Each issue offers insight into developments in merger control, anti-trust, as well as public and private enforcement in the region.

Related briefings

Selected provisions of terms & conditions for e-shops – Czech Republic

Terms and conditions are an indirect arrangement that entrepreneurs and consumers both encounter when engaging in transactions. The common denominator of terms and conditions is that they cannot be negotiated and only remain to be accepted or not. These days, when making a purchase online, the consumer usually acquaints themselves with the terms and conditions […]

Covid-19: Overview on moratoria

Readers should be aware that EBA issued guidelines designed to clarify (among others) when a moratorium measure (private or public) does not automatically trigger the re-classification of exposures as forborne. Criteria include (i) moratorium was passed in response of the COVID19 pandemic, (ii) measure is broadly applied by institutions in that jurisdiction, (iii) measure is […]

CEE legislation tracker: Czech Republic

Banking & Finance, Capital Markets Interest-free state loans and guarantees Following the first three credit and guarantee initiatives COVID I, II and COVID Prague designed for the small and medium sized enterprises, the Ministry of Industry and Trade (“MoIT”) and the Czech-Moravian Guarantee and Development Bank (“CMGDB”) are now planning a COVID III guarantee. COVID […]

CEE legislation tracker: Turkey

Banking & Finance, Capital Markets Article 23 to 27 of the Capital Markets Law (governing material transactions and minority shareholders, including the right to exit, the offer to buy shares, the obligation to buy shares, the right to sell) will not apply to the transactions of the Turkey Wealth Fund, sub-funds and companies that will […]

Latest Briefings

Trends in transatlantic acquisition finance

Contents A transatlantic future The US influence on the European market The rise of the non-bank lenders The patchwork of Europe The political impact Case Study: Financing Bain’s Acquisition of Kantar from WPP Team structure Conclusion: what next? Key takeaways The convergence of documentary terms, investors and commercial approaches across the European and US loan […]

MLD5 update and new EU AML action plan

The European Commission has issued a recent update on the Fifth Anti-Money Laundering Directive (MLD5). We examine what the MLD5 entails and outline the next steps to be taken.

High Court analyses compensation order regime under the CDDA accounting

The compensation order regime Compensation orders aim to make directors financially accountable for the consequences of their unfit conduct. They were introduced in October 2015 by the Small Business, Enterprise and Employment Act 2015 which amended the Company Directors Disqualification Act 1986 (CDDA). Under the new regime, the Insolvency Service can apply to court (on […]

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Eversheds sets up 13-strong panel to calm clients’ coronavirus fears

In a bid to combat fears over coronavirus, Eversheds Sutherland’s disputes department has set up a global working group to deal with any litigation-related requests. The group is made up of 13 partners across three continents, all of whom will be responsible for grappling how coronavirus will impact the firm’s litigation clients, while also preparing […]

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Further litigation expected as Germany rules on controversial “cum-ex” schemes

The first cum-ex trial in Germany has reached a verdict despite ongoing pressures caused by the coronavirus pandemic, with the verdict expected to pave the way for a flood of investigations into the controversial trading practice. The five-judge panel said cum-ex trading was a criminal offence, just a few hours after the public prosecutor, Anne […]

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Slaughters corporate partner gears up for Australia move

Slaughter and May has suffered a rare loss as one of its corporate team prepares to move back to Australia. Susannah Macknay, named in The Lawyer’s Hot 100 2018, has left the firm for Sydney headquartered Gilbert and Tobin. Australian-born Macknay joined the firm in 2007 and made partner in 2014. Macknay was listed in […]

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Mishcon client granted freezing order in bitter fight over Turkish funds

The High Court has delivered another blow to businessman Hamdi Akin Ipek, after it granted a freezing injunction that prevents him from using funds held by a Turkish mining conglomerate. Ipek wanted to use millions of Koza Ltd’s funds to pay for a personal international arbitration dispute between him and the Republic of Turkey. Following […]

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