Arabella Eichinger, Andreas Natterer, and Michael Woller have been promoted to Equity Partner, Marcin Aslanowicz, Bojan Brezan, Vid Kobe, and Maximilian Lang have been promoted to Contract Partner, and Marko Frantar has been promoted to Local Partner as part of Schoenherr's recent promotion round.
Information on record-high gun-jumping fines, imposed by national competition protection authorities, flooded the law-oriented news over the past years. It seems that countries like Poland (e.g. case Gazprom), France (e.g. case SFR-Altice), the UK (e.g. case PayPal), Mexico (e.g. case BAS Projects Corporation and other companies), and even Zimbabwe (e.g. case Innscor Africa) are all following the pattern of enhanced supervision of merger notification obligation and pre-closing activities of the parties, involved in M&A, and increasing amounts of fines.
The need for social distancing has come to the fore in 2020. Due to the global pandemic of the coronavirus disease, we had to suddenly find different solutions in our everyday life to make as little physical contact with each other as possible. Most areas of our daily lives were affected by some adjustments and the operation of corporate bodies of the company has been no exception to the changing reality.
Supply chains have been in focus throughout 2020, and not only thanks to COVID-19. Earlier this year, the European Commissioner for Justice, Didier Reynders, announced that in 2021 the Commission would propose legislation on mandatory corporate due diligence covering human rights and environmental risks across a business's supply chain. The discussion around the introduction of a new (harmonised) aspect of corporate accountability comes at a time when certain Member States, including France and the Netherlands, have already adopted their own (national) legislation on mandatory human rights due diligence in recent years.
Across the globe, more and more companies are looking into ways to strengthen their environmental, social and corporate governance ("ESG") profile as investors realise that a strong ESG profile is the key to safeguarding a company's long-term profit and growth. Besides pressure from investors, the importance of sustainability has also been driven by public debate and consumers using spending power to signal their priorities.
The Constitutional Court of the Republic of Slovenia has decided to repeal provisions of the third and fourth paragraph of Article 68.a the Slovenian Tax Procedure Act. These provisions implemented taxation of undeclared income at 70% tax rate, which exceeds regular maximum 50% personal income tax rate and enables the taxation of undeclared income originating from the periods before January 1, 2009.
As it is in many other countries, the reemergence of Covid is the dominant issue in Slovenia. “With restrictive measures on movement and businesses back in place, everybody is trying to just make it through the whole thing,” says Kavcic, Bracun, & Partners Partner Aleksandra Mitic. “Everything else has taken a backseat – all the politicizing and bickering have faded into the background.”
In addition to the effect of the newly introduced FDI rules, the upcoming post-epidemic period in Slovenia will see extensive efforts to revive the economy. On May 29, 2020, Slovenia’s Parliament adopted the Intervention Act to Remove Obstacles to the Implementation of Significant Investments to Start the Economy After the COVID-19 Epidemic to restart economic activity and growth in key investment sectors.
It was nineteen years ago, but I remember it vividly as if it were yesterday: fresh out of law faculty and green with excitement, I was sitting in my very first job interview when the question fell: “Do you know anything about mortgages?” I started reciting: “A mortgage is a real right of a third person …,” when my future mentor smiled and exclaimed: “Ah, never mind, you will learn!”
On July 9, 2020, CEE Legal Matters reported that ODI Law had advised Hranilnica Lon on a new issuance of shares. CEEIHM spoke with Imre Balogh, President of the Management Board at Hranilnica Lon, to learn more.