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Features of Illegal Work

Companies, Legislation, Judgment  |  September 23, 2014

Investigating and handing out penalties for illegal work has been a long-term priority for the Ministry of Labour and Social Affairs and labour inspection authorities in general. This was confirmed by the State Labour Inspectorate in a press release on 11 March of this year.

Fundamental Change of Circumstances: How It’s Used and What To Watch Out For

Legislation  |  September 19, 2014

The world is dynamic and changes over time. Clearly, agreements concluded yesterday took into account the particular circumstances of the day and tomorrow’s circumstances could only be vaguely predicted by the parties. When concluding long-term agreements whose performance is rendered over several years, one cannot always estimate every possible circumstance or change that might have a crucial impact on the agreement.

What penalties could await company body members in the event of bankruptcy?

Companies  |  September 16, 2014

Everything necessary and reasonably expected: since 1 January 2014 these four key words are crucial in determining whether (former) company body members will be held personally liable vis-à-vis creditors.

New rules for investment arbitration. But is transparency always good?

Legislation, Markets & finance  |  September 11, 2014

One of the advantages of arbitration – a form of alternative dispute resolution – is that it is discreet. This not only applies to disputes between businessmen but also to investment arbitration between states and foreign investors. However, investment arbitration is now slowly changing, with new transparency rules adopted by UNCITRAL having been introduced in April of this year.

How the New Civil Code Affects Economic Competition

Companies, Legislation  |  March 31, 2014

The New Civil Code (“NCC”) has brought a number of changes and introduced several new institutions to competition law.