República Checa

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Artículos Recientes

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    26/02/2024
    Europe

    The CBAM – what is it and how will it affect the market?

    GB PL
    Regulation (EU) 2023/956 establishing a carbon border adjustment mechanism (CBAM) entered into force on 17 May 2023. The implementation of the CBAM has been divided into a transitional period (from 1 October 2023 to 31 December 2025) and a target period (starting 1 January 2026).Why has the CBAM been introduced?With the establishment of the scheme for greenhouse gas emission allowance trading (EU ETS) in 2005, which covers, among other things, energy intensive installations, the European Union has set a course of action to reduce overall greenhouse gas emissions. However, the ever-rising costs...
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  •  
    14/02/2024
    EU

    The EU Parliament and Council reached an agreement on ESG rating

    On 5 February 2024, the European Parliament (the Parliament) and the Council of the European Union (the Council) reached a provisional agreement on the EU Commission's proposal from June 2023 for a regulation governing environmental, social, and governance (ESG) rating activities. This rating aims to offer an assessment of a company's or a financial instrument's sustainability profile, ultimately bolstering investor confidence in sustainable products. ESG ratings' new rules appear as a priority, as they will strengthen the reliability and comparability of ESG ratings and improve the transparency...
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  •  
    14/02/2024
    República Checa

    Are you a construction company and do you use subcontractors to complete your contracts?

    GB CZ
    From January, you are responsible for the wages of their employees.From 1 January 2024, contractors are legally liable for the wage claims of their subcontractors' employees (including "contractors") when performing construction contracts. The legislator has thus strengthened the position of employees in the construction industry.The change affects all construction entrepreneurs (entrepreneurs with a trade licence to carry out construction or assembly work) that work on a contract involving construction, alteration of construction, maintenance of construction or demolition, and use subcontractors...
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  •  
    13/02/2024
    EU

    EU legislative initiatives on recovery and resolution planning for insurance undertakings are taking shape

    With the compromise proposal for an Insurance Recovery and Resolution Directive (IRRD) published by the EU Council in January 2024, EU legislative initiatives to establish a recovery and resolution framework for insurance undertakings are taking shape. The following article has summarised selected aspects concerning Austrian (and potentially other EU) insurers, which - from experience with early stages of the Bank Recovery and Resolution Directive (BRRD) - are of particular interest for group-wide asset liability management and capital planning, collateral management, the product landscape and...
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  •  
    09/02/2024
    Europe

    ESMA reports on impact-washing concerns around funds focused on the United Nations Sustainable Development Goals

    IntroductionOn 1 February 2024, the European Securities and Markets Authority (ESMA) published an article on the efficiency of funds focused on the United Nations Sustainable Development Goals (SDG), in which it questioned the fulfilment of their promises. ESMA’s article defends the importance of this subject, highlighting that the existence of well-known sustainability frameworks such as SDGs in impact claims requires specific attention to ensure that products and strategies aiming at fostering such objectives stand true to their claims.With EUR 74bn in assets under management in September...
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  •  
    09/02/2024
    Europe

    A messy affair – IP law meets a cat litter tray in Belgian design court ruling

    Introduction In recent weeks, the CMS Design team has been delving into pan-EU enforcement of Community design rights, as well as the scope of copyright “originality” under EU law. In a timely development, the Community Design courts of Belgium have been doing the same – resulting in a judgment concerning registered designs for cat litter trays (SAVIC NV v PLANA S Proizvodnja in Prodaja and PETSOLUTIONS NV, Case No. A/22/02872). Our London and Brussels offices have teamed up to review this case, which makes some helpful findings on the EU design courts’ jurisdiction...
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