The importance of Louboutin shoes for European trademark law

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As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the Serbian Business Registers Agency (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018). In addition, the Ministry of Economy issued guidelines which provide more information on the implementation of certain aspects of this Law […]

Serbia amends tax legislation

By Branimir Rajšić The Serbian National Assembly passed amendments to the tax laws, introducing incentives for the IT sector, tax exemptions for the transfer of property under concession agreements and tax exemptions related to income from employee share plans. Additionally, the new Law on Fees for the Usage of Public Goods Governing the Payment of Fees […]

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The new Law on Personal Income Tax (“PIT Law”), applicable from 01 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides the tax rate at 10%, the new PIT Law envisages a tax rate at 18% and 15%, applicable to different types of income. On 24 December 2018, the Assembly of the […]

Geo-blocking – EU Commission fines Guess

On 17 December 2018 the European Commission fined the clothing company Guess in the amount of EUR 39.8 million for restricting retailers from online advertising and selling cross-border to consumers in other Member States – i.e. “geoblocking”. The Commission’s announcement of its fining decision complements the Regulation 2018/302 on unjustified geo-blocking (the “Regulation”), which came […]

Renewable incentives in Serbia to remain unchanged in 2019

The Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (Decree) until the end of 2019. It was initially valid until the end of 2018. This means that new wind […]

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Rule changes affecting licence exempt supplies of electricity

By Stuart Urquhart Part 1: Electricity network charges and private wire supplies There has been a raft of recent announcements relating to aspects of energy regulation, many of them not entirely positive for developers of renewable energy projects.  This includes:- Ofgem’s consultation of 28 November proposing the removal of “embedded benefits” relating to balancing services use of system […]

Hungary: Tricks and Traps of Electronic Communication

By Kinga Hetényi, Alexandra Bognár We have seen continuous development over the past few years in the means of communication with the judiciary as well as central and local administrative bodies. But there are pitfalls one should be careful to avoid. The basics of electronic administration Electronic administration allows users to communicate efficiently with courts, authorities and […]

Don’t jump the gun! Mergers may be caught in the Romanian Competition Council’s crossfire

By Mona Banu, Cristiana Manea Gun jumping refers to premature enforcement of a merger before obtaining clearance from the competition authority. While most companies are aware of this interdiction, it can be difficult to balance the scope of the competition standstill obligation during the pre-closing period and the measures taken by the acquiring company to protect the […]

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White Tale Holdings LLP, a limited partnership comprising 40 North Latitude Master Fund Ltd. (40 North) and two Corvex funds as limited partners, and 40 North acquired a significant stake in Clariant AG in the course of 2017 of which 24.99% were sold to Saudi Basic Industries Corporation (SABIC) on 25 January 2018. As shareholders […]

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James Berry appeared in a police misconduct hearing concerning a Detective Chief Inspector who was deputy head of the police force’s Professional Standards Department. The allegations concerned misuse of police travel entitlements. After a four day hearing which concluded on 1 June 2018, the officer was dismissed without notice for gross misconduct. James presents and […]

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Fried Frank London finance head exits for Mayer Brown

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