Can we terminate a contract/agreement if our client enters in the insolvency procedure in Romania?
The termination of the ongoing contract/agreement at the date of the opening of the insolvency proceedings shall be of interest to each contracting party, whether creditor or debtor, professional bodies or not. Thus, according to the insolvency law, all ongoing contracts/agreements at the date of opening the insolvency proceedings are considered maintained, and all clauses …
PORTUGAL | NEW LEGAL FRAMEWORK OF THE SEN | DECREE-LAW NO. 15/2022, OF 14 JANUARY SELF-CONSUMPTION
Decree-Law no. 15/2022, of 14 January 2022 (“DL 15/2022”) is the new piece of the legislation applicable to self-consumption and energy communities, which had so far been regulated by a separate act. The new act’s amendments to the existing legal framework seek to streamline procedures, encourage the adoption of self-consumption solutions and facilitate energy sharing …
Turkey: How to Change Company Type
Authors: Gönenç Gürkaynak Esq., Nazlı Nil Yukaruç and Irmak Yetim, ELIG Gürkaynak Attorneys-at-Law
The Management and Control Test: Taxation of Cyprus and Foreign Companies
INTRODUCTION With this publication, we shall explore the notion of management and control as this is applicable in Cyprus and affects the taxation of Cyprus and Overseas companies.
Exemption of Surcharge for Trademark Renewal and Patent Annual Fee for the year 2022
On 24 January 2022, Cabinet has approved Draft Ministerial Regulations in relation to the exemption of official surcharge fee of trademark and patent which the owner/holder will have to pay additional charges in case the trademark registration is not renewed and patent annual fee is not paid within the time stipulated by law. This aims …
EQUATORIAL GUINEA | 2022 General State Budget Law
Equatorial Guinea’s 2022 State Budget was enacted by way of Law 3/2021, of 3 December 2021.
PORTUGAL | Amendments to the Commercial Companies Code
Since December 2021, the Portuguese Commercial Companies Code (“PCCC”) has been subject to several amendments, namely in terms of the governance of commercial companies, the subtypes of public limited companies (by shares*), in terms of multiple-vote and corporate crimes and penalties.
PORTUGAL | GDPR Fines Tracker – Cookies: 210m€ Fine Imposed to Google and Facebook
The French Data Protection Authority fines Google (150M euros) and Facebook (60M euros) due to non-compliance with cookies regulation.
PORTUGAL | Contribution on Single-Use Plastic Packaging
Ministerial Order no. 331-E/2021, of 31 December, was published, regulating the contribution on single-use packaging made of plastic or aluminium purchased in ready-to-eat meals, provided for in article 320 of Law no. 75-B/2020, of 31 December, which approved the State Budget Law for 2021.
PORTUGAL | Climate Framework Law
Law 98/2021 laying down the foundations of climate policy was published on 31 December 2021 and comes into force on 1 February.