Insolvency/Restructuring

Power Play: EU’s New Rules on Market Giants’ Exclusionary Tactics

Montenegro is not a member state of the European Union but rather a candidate country for membership, which status was granted on December 17, 2010. As such, European Union regulations are not directly applicable in Montenegro, however, many regulations have been harmonized with EU directives as a result of the harmonization process (acquis Communautaire).

Bondoc & Associates Advises TDI Renewables on Restructuring

Bondoc & Associates has advised TDI Renewables and its subsidiary, the Romanian–Israeli partnership ASRA Engineering, on an international restructuring.

E+H and Schoenherr Advise on Fisker's Restructuring and Insolvency

E+H has advised CVI Investments and Heights Capital Management on the restructuring and insolvency proceedings of Fisker. Schoenherr advised Fisker.

An Expert Review of Recent Updates to the Bankruptcy Law

The Assembly of the Republic of Kosovo approved the new Bankruptcy Law no. 08/L-256 on July 11, 2024, which was published in the Official Gazette on August 6, 2024, and will enter into force 15 days from the date of publication.

Cobalt Successful for East Metal Before Zemgale District Court

Cobalt has successfully represented Latvian metalworking company East Metal before the Zemgale District Court in being granted legal protection.

Tax Penalty Amounts Doubled in Hungary

Default penalty amounts generally has been doubled in Hungary as of 1 August 2024. According to the Governmental Decree published in the Hungarian Gazette on 8 July 2024, overwriting the Act on the Rules of Taxation, the increase is due to the Ukrainian war and is theoretically effective by the end of the emergency period.