Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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On 16 September 2011, the Polish Parliament adopted a significant amendment to the Polish Civil Procedure Code (the “Code”). Most of the changes comprising the amendment came into force on 3 May 2012 (the “Amendment”).
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M&A transactions and all forms of corporate reorganisations (e.g.
mergers, de-mergers, transformations, contributions in-kind) are
governed by the Companies Act (CA).
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Once again, business law firm Fellner Wratzfeld & Partners (fwp) is among the front-runners in Austria where international rankings are concerned, a fact confirmed by the Chambers Global Guide 2012, which was published in March 2012.
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Public bids are regulated under the 1999 Takeover Act (TA), as
thoroughly amended by the 2006 TA Amendment Act. The TA
applies provided the target is a joint stock corporation (AG) based
in Austria and its shares are admitted to trading on the Vienna Stock
Exchange (Wiener Boerse; VSE) at a regulated market.
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In the course of the second stabilisation package 2012*, the new § 2 b Labour Market Policy Financing Act (Arbeitsmarktpolitik-Finanzierungsgesetz – AMPFG) was agreed upon.
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As of 1 April 2012, the Czech Public Procurement Act (Act No. 137/2006 Coll.) has
been significantly amended.
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Bulgaria: The Bulgarian Parliament marks the first anniversary of the Renewable Energy Law of 2011 with its first amendment
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bankruptcy post Amendment to the Slovak Bankruptcy Act
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Construction projects are expensive, and they usually end up being more expensive than agreed. The principal often tries to mitigate this risk by concluding a lump-sum contract.
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The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
