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Tue, Dec
60 New Articles

Schoenherr has advised and is representing Cubic (London) Limited ("Cubic") on a public takeover for all shares not held by San Gabriel Privatstiftung, T.R. Privatstiftung, or the other core shareholders in C-QUADRAT Investment AG ("C-QUADRAT"), an independent asset management company listed on the Vienna stock exchange.  

Cadastre System

A centralized cadastre system was introduced in Moldova in 1998. This system includes the cadaster of real estate, which involves a collection of data by the Moldovan real estate authorities about rights (including easements), proprietors, and other persons in relation to real estate.

Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.

Employing overqualified employees has long been a source of debate among human resources (HR) professionals. Several practical HR aspects must be addressed when employing such workers, which often give rise to legal issues. This update highlights these issues in the context of Hungarian law.

An employee was dismissed with immediate effect because he had published in-house information on his Facebook account. In the current decision on this case, the Austrian Supreme Court (“OGH“) confirmed that indiscrete Facebook posts may justify a dismissal (Decision by the Supreme Court, dated 27.11.2014, 9 ObA 111/14k).

Hungary has recently provoked criticism and elicited recommendations on account of its unfriendly environment towards investors, with a report issued by the EBRD having significant impact.

On 11 January 2016, the Hungarian Competition Authority (Authority) announced the highest fine it has ever imposed on an association on account of horizontal information exchange. The fine of ca. EUR 12.7 million (HUF 4 billion) was imposed on the Hungarian Banking Association (Association) for the Association's database, which included not only strategically relevant, but also confidential data.

On 20 November 2015 the Moldovan Parliament voted on amending and supplementing the Moldovan Labour Code ("Labour Code"). As a result, Act No. 205/2015 ("Act No. 205") entered into force on 18 December 2015 implementing a series of long-awaited improvements, but also complicating the life of employers in some instances.

Incentivizing employees to increase their performance is a basic management principle. Already decades ago, theory and practice have started to use incentives that align employees' with shareholders' interests to solve the principal-agency conflict described in corporate finance theory.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm in Central and Eastern Europe. With 14 offices located in Belgrade, Bratislava, Brussels, Budapest, Bucharest, Chisinau, Istanbul, Ljubljana, Podgorica, Prague, Sofia, Vienna, Warsaw and Zagreb, as well as country desks for Albania, Bosnia-Herzegovina, Macedonia and Ukraine, Schoenherr provides its clients with comprehensive coverage of the CEE/SEE region. More than 300 legal professionals work across borders according to the individual needs and requirements of local and international companies. Quality, flexibility, innovation and practice-oriented solutions for complex assignments in the field of business law are at the core of Schoenherr's philosophy.

Firm's website: http://www.schoenherr.eu/knowledge/