Total: 15

Terminating a rental agreement by notice in 2014 and onwards: New rules protect both the tenant and the landlord

Companies, Legislation  |  January 21, 2014

The new Civil Code has changed certain well-established rules in a number of fields, including the conditions under which a landlord may terminate a rental agreement with a tenant. Moreover, since 1 January 2014, the new Civil Code (“NCC”) also automatically regulates rental relationships that were concluded before the first of this year.

How statutory body members can easily lose their royalties and even property in 2014 (Part II)

Companies, Legislation  |  January 6, 2014

In Part I, we looked at the consequences of breaching the duty to act with due care. The new legislation also brings changes and clarifies the penalties to be faced by statutory body members in the event of a company bankruptcy. It must be emphasized from the outset that the penalties will be far from trivial.

How statutory body members can easily lose their royalties and even property in 2014 (Part I)

Companies, Legislation  |  December 30, 2013

Doing business will be easier in many respects starting this year. We have all heard about one-crown limited liability companies and the end to the requirement to have an employee representative on the supervisory board. But less is spoken about the greater demands placed on statutory body members. Although the new Corporations Act brings a number of advantages for businesses, it is also stricter in certain respects. Let’s take a look at the changes.

Changes to executing agreements from 2014

Legislation  |  December 12, 2013

The new Civil Code, which took effect on 1 January 2014, has significantly changed the process of concluding an agreement. Let’s look at some of the major changes.

Contractual penalties and what to keep in mind in 2014

Companies, Legislation, Markets & finance  |  November 21, 2013

Penalties are often used by parties to a contract as protection against a breach of obligations. Even though the law does not restrict such parties very much in how they formulate the penalty, the general principles of private law and established case law need to be considered. Otherwise, contractual penalty covenants could be invalid or the penalty could be reduced by the courts. Let’s look closer at why and when this could occur and what the new Civil Code has to say about such penalties.

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