Search News and Articles
Legal Developments Worldwide
- United Arab Emirates
- Austria
- Azerbaijan
- Belgium
- Bahrain
- Bosnia-Herzegovina
- Bulgaria
- Belarus
- China
- Croatia
- Cyprus
- Czech Republic
- Germany
- Denmark
- Egypt
- Spain
- Estonia
- Finland
- France
- Greece
- Guernsey
- Gibraltar
- Hong Kong
- Hungary
- Indonesia
- India
- Ireland
- Israel
- Italy
- Japan
- Jersey
- Cayman Islands
- Kazakhstan
- Lithuania
- Latvia
- Luxembourg
- Malta
- Moldova
- Mexico
- Malaysia
- Netherlands
- Norway
- Philippines
- Poland
- Portugal
- Qatar
- Romania
- Russia
- South Africa
- Sweden
- Singapore
- South Korea
- Slovakia
- Slovenia
- Saudi Arabia
- Switzerland
- Taiwan
- Thailand
- Turkey
- Ukraine
- Uzbekistan
- Vietnam
- British Virgin Islands
- Serbia
- Guernsey
- Jersey
- Mauritius
- Montenegro
- Senegal
- UK
Articles contributed by Moravcevic Vojnovic Zdravkovic OAD in cooperation
View the listing for Moravcevic Vojnovic Zdravkovic OAD in cooperation
Bondholders' rights in case of insolvency restricted by 1874 law
On October 20 2010 insolvency proceedings were opened against A-TEC Industries AG, the Austrian holding company of industrial group A-TEC. With outstanding debt of around €650 million (including contingent claims), this insolvency is set to be the third-largest insolvency in Austria to date. Claims included around €300 million of bond debt (two convertible bonds and a corporate bond) issued by the company.
Application of Business Activities Classification Act
From 12 August 2010 the Serbian Business Registers Agency ("Agency") shall commence with implementation of a new business activities classification system for Serbian companies. The new classification system is set out in the Business Activities Classification Act ("Act"), adopted on 16 December 2009. The goal of the Act is to harmonise the classification of companies' activities in Serbia with that of the EU.
New Law on Electronic Communications
The electronic communications sector is considered by many to be one of the fastest developing and most profitable sectors in Serbia at the moment. Many important new changes have occurred in this area, the most recent of which is the entry into force of a new Law on Electronic Communications.