Commercial & General Business Issues

Welcome to the home of commercial & general business issues on Law-Now.

On this page you will find all the articles and publications for commercial & general business issues.

To stay in touch with the latest developments, please bookmark this page on your mobile or register to receive eAlerts.

Recent Articles

  •  
    16/05/2024
    Ukraine

    Ukraine changes rules for the military draft

    The Ukrainian parliament has adopted a number of laws changing the procedure, criteria and liability for non-compliance with the rules of the military draft in Ukraine. This new legislation includes the following: Law #3127-IX on Introducing Changes in the Law of Ukraine “On Military Obligation and Military Service” (Law 3127);Law #3621-IX on Introducing Changes in several Laws of Ukraine regarding Ensuring Rights of the Servicemen and Policemen for Social Protection (Law 3621);Law #3633-IX on Introducing Changes in several Legislative acts of Ukraine regarding Particular Issues...
    Read more
  •  
    15/05/2024
    Romania

    Romania unveils state aid scheme to boost private investments

    The Romanian government has introduced a EUR 450 m state aid scheme to incentivise investments across key sectors of the Romanian economy.The core objective of this initiative is to provide non-repayable funding to private enterprises undertaking investments with a substantial impact on the economy. These investments must surpass the threshold of RON 50 million (EUR 10 million) in eligible costs and focus on innovation and sustainability. The scheme is designed to stimulate economic growth by supporting ventures aligned with Romania's long-term development goals.To qualify for funding, companies...
    Read more
  •  
    14/05/2024
    Hungary

    EU introduces criminal offences and penalties for sanctions violations

    Criminal offencesUnder the Directive, the following conduct constitutes a criminal offence when committed intentionally and in violation of restrictive measures or a national provision implementing restrictive measures:making funds or economic resources available directly or indirectly to, or for the benefit of, a designated person, entity or body;failing to freeze funds or economic resources belonging to or owned, held or controlled by a designated person, entity or body;enabling designated natural persons to enter into, or transit through, the territory of a EU member state;entering into or continuing...
    Read more
  •  
    14/05/2024
    Ukraine

    Ukraine improves corporate governance in SOEs

    On 8 March 2024, the long-awaited law on improvement of corporate governance in state-owned enterprises (SOEs) (Law) came into force. The Law was developed as part of a general state sector reform with due consideration of international best practices, including the OECD Guidelines for Corporate Governance of SOEs. Its objective is to reduce political pressure on SOEs’ management, mitigate corruption risks and enhance the effectiveness of state companies’ management.The major changes introduced by the Law in relation to SOEs include the following:State ownership policy. A new concept...
    Read more
  •  
    13/05/2024
    Hungary

    UK's Accession to the 2019 Hague Convention to ensure enforcement of UK court judgments

    In January 2024, the UK acceded to the 2019 Hague Convention, which unequivocally permits the enforcement of UK court judgments, regardless of whether a jurisdiction clause is exclusive/symmetrical.The UK’s accession to the 2019 Hague Convention brings clarity and certainty regarding certain types of jurisdiction clauses and the enforcement of UK court judgments in other countries in the aftermath of the UK’s departure from the EU in 2020.As a reminder, prior to BREXIT on 31 December 2020, the UK through its EU membership was party to the Lugano Convention, which facilitated the enforcement...
    Read more
  •  
    13/05/2024
    South Africa

    An overview of the proposed JSE Market Segmentation Project

    IntroductionThe Johannesburg Stock Exchange (the "JSE") has seen an uptick in delisting transactions across various sectors in recent years. Various reasons have been cited as driving this trend, including the cost of compliance associated with being listed on the JSE. On 18 April 2024, the JSE published a notice announcing various proposed amendments to the JSE Listings Requirements ("Listings Requirements") as part of their market segmentation project. It appears that these proposed amendments are aimed at reducing the legal and administrative requirements imposed in connection with certain corporate...
    Read more