When it comes to resolving disputes between contracting parties, the threat, “I’ll see you in court!” often is the first thing to cross peoples’ minds. This call to arms is still common, despite the availability now of different dispute resolution methods, such as arbitration.
E-Comm(fusion) – Croatia’s Ambitious Steps Towards E-justice
“You’ve got mail!” Unfortunately, instead of coming from Tom Hanks, it’s the commercial court informing you that your company is being sued. Online! Are you and your SPV ready for the new mandatory electronic communication with Croatian courts?
Expedited Liquidation Procedure in the Republic of Srpska
The Republic of Srpska’s much-anticipated Law on Liquidation Procedure (the “Law”) entered into force in October 2019. The Law was adopted three years after the reform of the Republic of Srpska’s bankruptcy procedure and is part of ongoing reforms targeted at cutting costs and improving the overall efficiency of business management by providing new and simpler ways of conducting business.
Practical Aspects of the Use of Prorogation Clauses Under Czech Law
Prorogation clauses are forum-selection clauses in contracts between entrepreneurs, who agree in writing on the local jurisdiction of a first-instance court for disputes arising out of or in connection with their business matter, unless the law states otherwise and prescribes an exclusive jurisdiction. It is possible to enter into a separate prorogation agreement instead of a contractual clause with the same effect.
New Consumer Protection Rules Introduced for Order for Payment Proceedings in Bulgaria
The “order for payment procedure” was initially introduced in Bulgaria with the adoption of the new Civil Procedural Code in 2007 as an accelerated enforcement procedure for debt collection. This procedure provides creditors with a relatively fast and easy way to obtain an enforcement order against debtors. In general, the order for payment procedure is like a closed administrative procedure and requires only the submission of a standard application form and payment of a state fee of 2% of the amount claimed.
Slovenian Legislature Finally Adopts Act to Protect Expropriated Holders of Banks’ Qualified Liabilities
In December 2013 and (for one bank) in 2014, the Bank of Slovenia – the Slovenian central bank –imposed various extraordinary measures on six Slovenian banks. These measures resulted in a comprehensive bail-in and the termination of not only all the shares in each bank but also all subordinated financial instruments issued by them.
Capital Markets in Latvia
Contributed by Cobalt.
Capital Markets in Bosnia & Herzegovina
Contributed by Karanovic & Partners.
Capital Markets in Bulgaria
Contributed by Tsvetkova Bebov Komarevski.
Capital Markets in Croatia
Contributed by Divjak, Topic & Bahtijarevic.
Capital Markets in Czechia
Contributed by BBH.
Capital Markets in Estonia
Contributed by Ellex Raidla.
Capital Markets in Hungary
Contributed by Kinstellar.
Capital Markets in Lithuania
Contributed by Walles.
Capital Markets in Moldova
Contributed by ACI Partners.
Capital Markets in Montenegro
Contributed by Karanovic & Partners.
Capital Markets in North Macedonia
Contributed by ODI Law.
Capital Markets in Poland
Contributed by Rymarz Zdort.