Commercial & General Business Issues

Recent Articles

•  

  17.03.2023

  Ukraine

  Ukraine ad­opts law reg­u­lat­ing com­pens­a­tion for real es­tate dam­aged by the war

  On 23 February 2023, the Ukrainian parliament passed the real-estate compensation legislation, Law of Ukraine No. 7198 “On Compensation for Damaging and Destroying Certain Categories of Real Estate as a Result of Combat Actions, Terroristic Acts, Diversions Caused by war aggression of Russian Federation against Ukraine, and State Register of Property Damaged and Destroyed as a Result of Combat Actions, Terroristic Acts, Diversions Caused by war aggression of Russian Federation against Ukraine”.The Law establishes the general legal framework for claiming and receiving compensation for...

  Read more
•  

  15.03.2023

  United Kingdom

  Spring Budget 2023 – key tax policy an­nounce­ments

  Today’s Spring Budget speech focused on moving the UK economy into growth mode. With the increase in the main rate of corporation tax to 25% on the horizon and fast-approaching, the Chancellor turned to reliefs rather than rate cuts to demonstrate his commitment to incentivising investment in the UK. For most businesses, the “headline” announcement in this area will have been the introduction of a generous full-expensing regime for capital allowances, but other important measures include the permanent increase to the Annual Investment Allowance, reforms to Research & Development...

  Read more
•  

  15.03.2023

  Romania

  Ro­mani­a's reg­u­la­tion on the pro­ced­ure for resolv­ing com­plaints over un­fair trad­ing prac­tices in the agri-food sup­ply chain enters in­to force

  On 14 March 2023, the Regulation on the procedure for the registration, investigation and resolution of complaints concerning unfair trading practices between undertakings in the agricultural and food supply chain finally entered into force in Romania. The Regulation implements the provisions of Law no. 81/2022 on unfair trading practices between undertakings in the agricultural and food supply chain, transposing the EU’s Unfair Trading Practices Directive. Law no. 81/2022 entered into force on 15 April 2022 and provided that a regulation on the procedure for dealing with complaints should...

  Read more
•  

  14.03.2023

  China

  China has ac­ceded to the Hag­ue Con­ven­tion of 5 Oc­to­ber 1961 Ab­ol­ish­ing the Re­quire­ment of Leg­al­isa­tion for For­eign Pub­lic Doc­u­ments

  On 8 March 2023, the People's Republic of China (the "PRC") has (finally!) acceded to the Hague Convention of 5 October 1961 Abolishing the Requirement of Legalisation for Foreign Public Documents (the "Convention").The Convention between the PRC, as the acceding state, and other member states (which will not have raised an objection; see below) will enter into force as of 7 November 2023.This constitutes a long-awaited and very positive development.Please click here to read the full article.

  Read more
•  

  06.03.2023

  Poland

  Gre­en­wash­ing - new guidelines and first pro­ceed­ings

  PL

  Promoting products or services using slogans related to their positive environmental impact is becoming an increasingly prominent marketing technique in the public space. International initiatives such as the adoption of the Sustainable Development Goals and climate neutrality policies are among the reasons for the growing popularity of so-called 'green claims'. More and more consumers also expect businesses to pay attention to their company's environmental impact and are taking these claims into account when making purchasing decisions.New marketing strategies can carry the risk of so-called 'greenwashing',...

  Read more
•  

  03.03.2023

  Czech Republic

  Out­line of an­nu­al cor­por­ate com­pli­ance ob­lig­a­tions of Czech-based com­pan­ies

  Each year, Czech companies must comply with a number of disclosure requirements as part of their corporate governance. Although the scope and timing of each requirement may vary depending on the type, business activity or accounting period of each company, the general rules apply equally. Below is a general overview of the main annual corporate compliance obligations.Report on relations within the group  The statutory body of each company must draw up a report on relations within three months of the end of the financial year. The report on relations must disclose, among other things,...

  Read more