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On March 5 2015 Austria's agriculture, forestry, environment and water economics minister presented a draft law to amend the Chemicals Act and the Biocidal Products Act. The proposed amendments are the last steps towards the final standardisation of the classification, labelling and packaging of substances and mixtures in accordance with EU Regulation 1272/2008 (the 'CPL Regulation'). The amendments simplify the term 'toxin' and shift the existing toxin purchase permit system to a simplified system of toxin purchase certificates. Read more...
The new consumers protection act (" Act ") which came into force on 25 December 2014 changed the obligations that traders (entrepreneurs) have with regard to the execution of sales contracts with consumers (relating to both goods and services) and warranty rules relating to the provided goods. read more...
Hungarian law differentiates between general employees and executives. The biggest difference between the two is that many provisions of the Hungarian Labour Code which protect "ordinary" employees and restrict the kinds of agreements which can be made with them do not apply to executives. This means that the law is less protective and more flexible towards executives. read more...
Recently, the media in Bulgaria has trumpeted a new business crime - the theft of a company. In 2014, there were a number of reported cases in which companies were stolen, e.g. their ownership was changed or a new managing director was appointed by a thief without the knowledge of the actual owner, nor of the company’s management body. read more...
On 17 December 2014, the European Parliament and the Council reached an agreement on the Fourth Money Laundering Directive (the " Directive "). The initial draft dates back more than two years (5 February 2013). The Directive still needs to be endorsed by EU institutions during the course of 2015. The main modifications regard an enhancement of compliance measurements. These include inter alia : read more...
14 April 2015 | legal insights
22 April 2015 | legal insights
I. Change in the labour law. Abolishing the obligation of the pre-employment health examination
Romania: Cross-Border Conversions: A Realistic Way to Expand Companies' Restructuring Possibilities?In recent years, companies have consistently attempted to extend the scope of their structuring possibilities by trying to cross the borders into other member states for various reasons ranging from a more flexible legal framework to a better market environment and investment climate. read more...
I. Change in the labour law - Abolishing the obligation of the pre-employment health examination read more...