The Legal 500

Legal Developments worldwide

• Looking for Tax Incentives? Make sure you comply

  13 Jun 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS
  - LawAlliance Limited

• Significant adjustments to Insolvency Law in Austria

  The Insolvency Law Amending Statute of 2017 ( Insolvenzrechtsänderungsgesetz 2017 , IRÄG 2017) was adopted by the Council of Ministers at the end of March and is currently in the process of being reviewed. The reform is due to enter into force on 1 July 2017 and contains significant innovations. Its primary objective is to facilitate the debt relief of natural persons.
  - Dorda

• CHALLENGING FCA ACCUSATIONS

  Nicola Sharp and Syedur Rahman explain how changes to the way the FCA investigates cases will make it easier for companies and individuals to negotiate the best possible outcome.
  - Rahman Ravelli Solicitors

• OBTAINING A DPA

  With deferred prosecution agreements (DPA’s) becoming more common, Aziz Rahman considers how a company under investigation can enhance its chances of obtaining one in order to avoid prosecution.
  - Rahman Ravelli Solicitors

• Increased Liability for Real Estate Agents in Austria

  Pursuant to the Austrian Broker Act (Maklergesetz), a broker has to fairly and diligently protect their principal's interest. Until a very recent judgment of the Austrian Supreme Court (Oberster Gerichtshof), courts have taken a very lenient stance on the liability of real estate agents. The judgment of the Supreme Court of 24 Jan 2017, however, might permanently divert existing case law.
  - Dorda

• Recent Amendments to Environmental Impact Assessment Regulation

  On 26 May 2017, the Environmental Impact Assessment Regulation has been amended to shorten the time frames for environmental impact assessment (“EIA”) process and to extend the scope of EIA requirement for solar and wind power projects.
  - Ergün Avukatlik Bürosu

• Establishment of the Natural Gas Spot Market in Turkey

  In line with the government’s objectives to make Turkey a regional hub for natural gas trading, a natural gas spot market has been established by the Natural Gas Organized Wholesale Market Regulation published in the Official Gazette on 31 March 2017.
  - Ergün Avukatlik Bürosu

• Binding effect of E101 certificate (current A1 form) reconfirmed by the Court of Justice

  On 27 April, the Court of Justice of the European Union pronounced again on the binding effect of an E101 certificate (now A1 form). This binding effect is applicable, even if it is found by the competent institution or the courts of the host Member State that the conditions under which the worker concerned carries out his activities do not correspond to the conditions to be subject to the social security of the other Member State.
  - Claeys & Engels law firm

• The deadline to conclude a departure agreement is fast approaching

  The Act of 15 May 2014 relating to various provisions modified the concept of “departure” in the Act of 28 April 2003 relating to occupational pensions and the tax regime of these pensions and of certain occupational benefits regarding social security (“AOP”) and has introduced a definition of “multi-organizer pension schemes” (“MOPS”).
  - Claeys & Engels law firm

• Croatia: Lex Agrokor - Government Intervention at the Eleventh Hour

  Lex Agrokor – behind the scenes
  - Schönherr