Client Alerts
ANRE orders no. 8 and 9/2015
Starting with 4 March 2015, ANRE Order no. 8/2015 on the approval of the mandatory green certificate acquisition quota for 2014 (Order no. 8/2015) and ANRE Order no. 9/2015 on the approval of the pricing values for the acquisition of green certificates and the value of a non-acquired green certificate for 2015 have entered into force (Order no. 9/2015)....
Act on amendments to the general tax act
The Act on Amendments to the General Tax Act (“Act”) introducing significant changes to the Croatian tax system, such as binding opinions of the Tax Authority, administrative agreements and administrative settlements enters into force on 17 March 2015....
Das Gesetz über die Änderungen und Ergänzungen des allgemeinen Steuergesetzes
Am 17. März 2015 trat das Gesetz zur Änderung des Allgemeinen Steuergesetzes in kraft („Gesetz“). Das Gesetz führt wesentliche Neuerungen des kroatischen Steuersystems ein, wie die verbindliche Stellungnahme der Steuerbehörden, den Verwaltungsvertrag sowie das Verwaltungsabkommen....
Kaj se je zgodilo z izvršnim direktorjem banke zaradi lova na internega žvižgača?
Sprejeti pravilnik o internem sistemu prijave kršitev in naročiti programsko opremo, ki omogoča oddajo anonimnih kršitev, je relativno enostavno. Ko družba prejme prijavo internega žvižgača, ki po vrhu vsega zadeva celo njeno najvišje vodstvo, pa se začnejo zadeve lahko precej zapletati. Odmeven primer Barclays banke, o katerem so poročali številni mednarodni mediji, kaže, da se "lov na čarovnice" ne splača. To pa se prepreči le z vzpostavitvijo ustreznega sistema prijav kršitev....
Recent developments around Agrokor
A notable event on the Croatian financial market this year has been the financial turmoil around Agrokor d.d., the largest privately owned company in Croatia and one of the leading retailers and agricultural companies in Southeast Europe with over 60,000 employees and 30+ subsidiaries. The material parts of Agrokor's business are located in Croatia, Slovenia, Serbia and Bosnia and Herzegovina....
A potential blow for wind power in Poland
A recent bill on wind power plant investments, sponsored by MPs of the Law and Justice party, is very controversial to say the least. In its current wording, the proposal will certainly decrease both the feasibility and profitability of wind power plant investments in Poland. Investors in this sector are particularly disappointed with the minimum distance restrictions, the increased real estate tax burden, the significant costs of obtaining and renewing the new operational permit and the zoning requirements....
Legal adviser Wolf Theiss expects 10-15 M&A transactions in Poland in 2015
Legal adviser Wolf Theiss sees its pipeline of pending M&A transactions in Poland more robust than it has been in recent years and expects to carry out between 10 and 15 M&A transactions this year, more by a third than last year, a co-managing partner at the Warsaw office of the consultancy told DealWatch....
HETA Asset Resolution- Temporary moratorium imposed by FMA (German)
On 1 March 2015, the Austrian Financial Market Authority has initiated the resolution of HETA ASSET RESOLUTION AG. In substance, the resolutoin measures are modelled along the new European resolution regime for Banks ("Bank Recovery and Resolution Directive - BRRD"). Click "Read More" to view the German version of the alert....
Natural gas & electricity transactions reporting requirements
On 7th of January 2015 the European Commission adopted Commission Implementing Regulation (EU) No 1348/2014 on data reporting implementing Article 8(2) and Article 8(6) of Regulation (EU) No 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (REMIT)....
New EU data protection rules knocking on the door
"This reform is a necessity, and now it is irreversible. Europe`s directly elected parliamentarians have listened to European citizens and European businesses and, with this vote, have made clear that we need a uniform and strong European data protection law, which will make life easier for business and strengthen the protection of our citizens" - said Vice-President Viviane Reding, the EU`s Justice Commissioner....
Brussels I (recast) – Recognition of EU judgements in Bulgaria
Regulation (EU) No 1215/2012 of the European Parliament and of the Council of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (recast) entered into force throughout the European Union on 10 January 2015. The new Regulation simplifies the recognition and enforcement by each European Member State of judgments made in another Member State. It also provides enhanced rules on exclusive jurisdiction clauses, related proceedings and the exclusion of arbitration from the scope of the Regulation....
Rechtssicherheit adé? EuGH beschränkt Wirkung der Transparenzbekanntmachung
Der EuGH hat sich in einer kürzlich ergangenen Entscheidung mit der Wirkung von so genannten "freiwilligen ex ante-Transparenzbekanntmachungen" (in der Folge "Transparenzbekanntmachung") auseinandergesetzt....