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In its decision (No. 24/2nd commercial department) of 12 September 2013, the Supreme Cassation Court of Bulgaria comprehensively expressed its opinion on the substantive legal aspects of the economic adverse change clause and ruled on the termination of a lease agreement on this ground. According to the decision, a fundamental change of the circumstances could lead to early termination of an agreement if such change was not caused by any of the parties and neither of them was able to predict it at signing, as well as if further force and effect of the agreement are contrary to the principles of justice and the bona fide rules. The decision is of major importance, since it marks the first time that a long-term lease agreement has been terminated by court ruling due to an economic adverse change. read more...
Nowadays, the protection of a patent can be obtained by using the following routes: read more...
By its 3 April 2014 judgment in a preliminary ruling procedure, the ECJ has held that in certain cases, the Member States are required to propose to the Commission the declassification of a site on the list of SCIs. This is especially true for those cases in which the owner of land forming part of a site on that list makes a request to declassify that site and proves that the relevant site cannot contribute to the achievement of the objectives set forth in the Habitats Directive. read more...
Limiting the rules of representation of a company is one way to secure the company against unauthorised actions on its behalf. How to do this properly? read more...
On 8 April 2014, the European Court of Justice ("ECJ") declared the Data Retention Directive (the "Directive"), which had been the subject of great debate, invalid. The Directive required telecommunications providers to retain certain categories of traffic and location data in order to allow law enforcement authorities to access this data for the purpose of (severe) crime and terrorism prevention and prosecution. read more...
Austria's breach of trust provision found its way back into the limelight only recently via the prominent criminal proceedings against the former management of LIBRO AG, a leading non-food retailer.
Poland is widely regarded one of the countries with the most substantial reserves of shale gas in EU.
The amendments to Austria's federal tax law (Abgabenänderungsgesetz 2014 - AbgÄG 2014), by which inter alia the Limited Liability Companies Act (GmbHG) are amended, were published (BGBl I 2014/13) on 28 February 2014 and came into force on 1 March 2014. read more...
The entry into force in Romania on 1 February 2014 of the new criminal codes implementing laws - i.e. Law no. 187/2012 and Law no. 255/2013, respectively - brought important changes to certain non-criminal laws such as Competition Law no. 21/1996 republished, as further amended and supplemented ("Competition Law").
Council regulations imposed by the EU In response to the developments in Ukraine unfolded by the Euromaidan protest movement in early February 2014, the EU Council on 5 March 2014 decided to impose restrictive measures against individuals who have been identified as being responsible for the misappropriation of Ukrainian State funds and/or human rights violations ( Council Regulation (EU) No. 208/2014 ).