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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by Brzobohaty Broz & Honsa, v.o.s.

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New Regulatory Regime for Credit Rating Agencies in the European Union -

November 2009 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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Comments on legal basis and main features. The recent financial crisis has shown many of the weaknesses in the current regulatory framework of the financial market - a lack of or insufficiencies in the legal rules on the one hand and a lack of or insufficiencies in the competency and expertise of financial market supervisors and regulators on the other.

Financial and Capital Market Developments in Russia

September 2008 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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Insurance and Pension Funds, Capital Market and Securitization, Banking, Law, Anti-money Laundering Legislation

Transition Period

July 2008 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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Zdeněk Husták, of counsel BBH published an article entitled "Transition period" in magazine IFLR (April 2008).

Dispute resolution 2008

July 2008 - Litigation & Dispute Resolution. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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BBH Partner František Honsa and BBH Senior Lawyer Jan Tomaier published a Q & A article in the 2008 Dispute Resolution edition of Getting the Deal Through, which covers 50 jurisdictions worldwide.  The presentation covers numerous general aspects of the legal environment for Dispute Resolution in the Czech Republic.

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Good Faith in the Acquisition of Real Estate

April 2008 - Real Estate & Property. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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The rule of good faith is one of the basic principles the state adheres to in its“rule of law”. In the real estate business, this rule is often discussed when a person acquires real estate on the grounds of an agreement which is then terminated by the withdrawal of one of the parties. According to the Czech Civil Code, if the title for the transfer of the ownership ceases to exist, ownership returns back to the original owner, irrespective of whether or not the acquirer acted in good faith. The Supreme Court of the Czech Republic supported such approach in its decisions. However, recently, the Constitutional Court identified this approach as not in accordance with the fundamental rights of people and the basic principle of “rule of law”. It ruled that, in the above cases, good faith must therefore be taken into consideration. It must be noted, however, that this does not apply to cases where the transfer of the real estate was invalid from the beginning.

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Caution with Joint Ventures

April 2008 - Tax & Private Client. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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The Russian Federation has been very popular for foreign investors for quite a long time, and setting-up a joint venture with another company is an alternative often used by such investors. However, there are still several issues in Russian commercial law, in particular, that investors entering the Russian market should be aware of. One is that there are three different types of incorporation, another is the unenforceability of shareholders agreements in Russia and there are also strict rules that an obligatory offer be made in open joint stock companies in the event of an acquisition of shares. Due to these aspects of Russian law, alternative foreign structures are often used for Russian joint venture transactions

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"Financial Collaterals - Hopefully Better This Time"

April 2008 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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This article briefly describes the changes in the Commercial Code regarding the modifications made to financial collateral arrangements. It points in particular at the complications of the former regulation of outright transfer collateral arrangements, the distinction of general means of securing obligations and financial collateral arrangements as well as the narrow definition of entitled persons. The article further mentions the persisting complications existing in the Czech Securities Center practice, which in fact inhibits the securing of financial collateral arrangements where book-entry securities serve as collateral

"Closer to the Real Meaning of Financial Collaterals"

April 2008 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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The original Czech transposition of the model for the European regulation of financial collateral arrangements directive no. 2002/47/ES was very troublesome. The article focuses on the awaited changes brought by the necessary amendment of the original Czech regulation of financial collateral arrangements in the Czech Commercial Code. The Article deals on one side with the amendment's innovations improving the troublesome original regulation and, on the other side, it describes the persisting problems connected with the Czech regulation of financial collateral arrangements. The regulations resolved by the amendment were in particular the outright transfer of collateral and the precision of several legal definitions used in collateral arrangements. Also, the range of entitled persons in collateral arrangements was widened. Nevertheless, the problems connected with securing financial collateral arrangements with book-entry securities serving as collateral still persists.

Legal Newletter - FINANCIAL MARKET

April 2008 - Employment. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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Investment instruments, commodities and markets, Collective investment, Banking and payment systems, Insurance, Financial market regulation, Business companies

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Real Estate Funds - Moving In

March 2008 - Real Estate & Property. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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Legal Newsletter - "Financial and Capital Market Developments in Russia"

March 2008 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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The State Duma of the Russian Federation is considering a draft law which addresses the issue of the taxation of insurers in connection with implementation in the territory of the Russian Federation of the direct claims adjustments system under the Law “On Motor Third-Party Liability”.

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New Bankruptcy Law in Czech Republic (2nd Part)

March 2008 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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Jak je již právní obci známo, od 1. ledna 2008 nabude úcinnosti zákon c. 182/2006 Sb., o úpadku a zpusobech jeho rešení (insolvencní zákon), který nahradí stávající úpravu úpadkového rízení dle zákona c. 328/1991 Sb., o konkursu a vyrovnání. Od 1. ledna 2008 se tak na nove zahájená rízení o úpadku bude aplikovat insolvencní zákon, nicméne podle puvodního zákona se dokoncí úpadková rízení zahájená pred tímto datem.

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New Bankruptcy Law in Czech Republic

March 2008 - Finance. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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V listopadovém čísle Právního rádce byla publikována první část článku o novém insolvenčním právu v České republice, která v základních rysech přiblížila novou úpravou insolvenčního práva na základě zákona č. 182/2006 Sb., o úpadku a způsobech jeho řešení (dále jen "insolvenční zákon"). Tento zákon s účinností od 1. 1. 2008 nahradí stávající úpravu úpadku v zákoně č. 328/1991 Sb., o konkursu a vyrovnání, ve znění pozdějších předpisů (dále jen "zákon o konkursu a vyrovnání").

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Doing Business in Russia

February 2008 - Corporate & Commercial. Legal Developments by Brzobohaty Broz & Honsa, v.o.s..

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In response to numerous requests for information from companies interested in entering the Russian market, the law offices of Brzobohaty Broz and Honsa, BBH, has assembled a comprehensive guide through many of the particularities of doing business in Russia. Read more...