New Regulation for Derivatives Transactions with Sovereign Counterparty in Serbia

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The Restructuring Directive: Where do we go from here?

By Vid Kobe, Soňa Hekelová, Tsvetan Krumov, Philipp Wetter Pre-insolvency restructuring frameworks: The race has begun – with some early front runners The Restructuring Directive provides a deep toolkit for pre-insolvency restructuring frameworks. Key measures for avoiding insolvency proceedings within the scope of a preventive restructuring plan include the possibility of suspending enforcement and insolvency […]

CEE overview – Healthcare & life sciences

By Andreas Natterer, Paweł Halwa, Iliyana Sirakova, Elena Todorova Development, controversy, stagnation? Trends and forecast for healthcare & life sciences in CEE The year 2019 was one of development, but also of controversy and in some cases, unfortunately, stagnation. For good or bad, the healthcare and life sciences sector is developing rapidly. The trends we […]

Will the new EU Directive on unfair trading practices in the food supply chain have any impact on the existing legislation in CEE?

By Claudia Bock Unfair trading practices (“UTPs”) in business-to-business relationships in the food supply chain have been in the spotlight of the European Commission (“Commission“) since late 2008. As a result, the new Directive on unfair trading practices in the food supply chain (the “Directive“) was adopted in spring 20191. Its aim is to protect […]

The complex commercial litigation law review – Edition 2: Chapter Austria

By Andreas Natterer, Sara Khalil I OVERVIEW Austria has a civil law system; the codification of the main civil law provisions (the Austrian Civil Code (ABGB)) includes core concepts of contract law and dates back more than 200 years. The Austrian Civil Code governs legal relationships between consumers as well as consumers and companies. Similarly, […]

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By Thomas Kulnigg, Ursula Rath General legal and regulatory framework Legal framework What legal framework governs cryptoassets? Is there specific legislation governing cryptoassets and businesses transacting with cryptoassets? No specific Austrian legal framework or legislation governs cryptoassets or business transactions involving cryptocurrencies. Rather, the general financial services and securities law framework also applies to cryptoassets […]

Latest Briefings

Excise Duties: 2020 State Budget (SB) Proposal

Alcohol and alcoholic beverages – Rates applicable in the Autonomous Region of Madeira The SB Proposal changes the tax rate applicable to spirits declared for consumption in the Autonomous Region of Madeira from EUR 1, 237.58/hl to EUR 1,241.29/hl. Soft Drinks – Rates The SB Proposal increases the rates applicable to soft drinks, excluding drinks […]

Brexit and other tax implications

By Samuel Fernandes de Almeida The United Kingdom ceased to be a Member State of the Union as of 30 January 2020, so the question arises as to the applicability of many other provisions contained in Portuguese domestic law. On the 30th of January, the United Kingdom ceased to be a member state of the […]

Coronavirus – A bug coming to your workplace soon?

By Kevin McCavish The inevitable has happened. Coronavirus has arrived in London with the first patient being diagnosed yesterday. This brings the total number of those infected in the UK by Covid-19, the official name given to the coronavirus by the World Health Organisation, to 9. In Brighton, where two GP surgeries have already closed […]

Natasha’s Law – New rules on food labelling

By Joanne Sear, CJ Ntsiu We look at the new rules on food labelling coming into force next year, and when additional information will have to be provided, particularly in relation to allergens. Background In 2016, Natasha Ednan-Laperouse suffered a severe allergic reaction after eating sesame seeds in a baguette purchased from a high street […]

Warning for Insolvency Practitioners dealing with personal data

By Lynsey Robinson The FCA, ICO and FSCS have released a statement warning licensed Insolvency Practitioners (IPs) and FCA-authorised firms to be responsible when dealing with personal data. The statement highlights concerns about IPs/ authorised firms unlawfully selling personal client data to claims management companies (CMC) when acting on administrations. Under Data Protection legislation, consideration […]

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DWF top earner profits exceed £1m for first time

DWF‘s highest-earner in London picked up a profit share of £1m over 2018/19, according to the firm’s last LLP accounts as a non-listed company. The LLP accounts relate to the firm’s UK operations, as well as branches in Belgium, Italy, Qatar and Singapore. They cover the period between May 2018 and April 2019, a month […]

Philip Rule succeeds in two important judgments

Two reserved judgments have both been delivered on 23 January 2020 in which Philip Rule succeeded on behalf of two very different clients. In R (AB) v Kent County Council [2020] EWHC 109 (Admin) the issue was whether the local authority, when assessing of the age of the unaccompanied young person who had given the […]

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Leading Portuguese lawyer leaves Uría after Luanda Leaks allegations

One of the main personal lawyers of Isabel dos Santos, considered Africa’s richest woman and embroiled in the recent Luanda Leaks, has left his firm Uría Menéndez-Proença de Carvalho. Jorge Brito Pereira, a corporate lawyer by background, left Uría last Thursday after three years with the firm, which he joined in 2016. Prior to that, […]

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