News

14.04.2022 - Alliance: The current turning point – Force Majeure and loss of the basis for business

The "current turning point" in connection with the Russian war of aggression on Ukraine has not only a political but also perhaps an even greater economic dimension. The sharp rise in the price of raw materials and energy has led to a dramatic increase in costs for companies. The interruption of supply chains often causes production downtimes in industry. Despite all the harmonisation of laws that has taken place in the last 20 to 30 years, especially in the European legal sphere, this issue has remained untouched by efforts at legal standardisation. The reason for this was apparently a lack of topicality. Therefore, with this article, we provide an overview of how this topic is handled legally with regard to three key questions in the respective countries of our partner law firms.

07.01.2022 - Alliance: New alliance office in Bodrum

We are pleased to announce that SCWP Schindhelm Services SE, alliance of European business law firms, has opened a new office in Bodrum. Our 230 lawyers at 31 locations in 14 countries will thus support you with international competence, commitment and valuable local experience in every one of your projects.
 

01.01.2022 - Force Majeure and loss of the basis for business in the Czech Republic

According to the rules of the Czech Civil Code, in the event of a material change of circumstances, each party has the right to demand that the other party resume negotiations on the contract already concluded. However, the prerequisite for such a step is that such a change represents a particularly gross disproportion in the rights and obligations of the parties by disadvantaging one of them either through a disproportionate increase in the cost of performance or through a disproportionate reduction in the value of performance.

01.10.2021 - Alliance: New alliance office in Imola

We are pleased to announce that SCWP Schindhelm Services SE, alliance of European business law firms, has opened a new office in Imola. Our 230 lawyers at 30 locations in 14 countries will thus support you with international  competence, commitment and valuable local experience in every one of your projects.

21.09.2021 - Alliance: Justitia 4.0 – the pros and cons of digital court proceedings and notarial records

The contact restrictions introduced to contain the coronavirus pandemic have led to considerable upheavals in legal practice in many European Union countries. In particular for the areas of forensic activity and the creation of notarial documents, the irrevocable principle of attendance in person has continued to apply practically without restriction disregarding the progress in communication made possible by progressing digitalisation - whether it is to be able to get a personal picture of the parties (court proceedings), whether it is to confirm the personal identity of the persons appearing without doubt (notarial documents).

15.03.2021 - Justitia 4.0 – the pros and cons of digital court proceedings and notarial records in the Czech Republic

Until recently, the digitalisation of the justice system in the Czech Republic had no priority. However, the coronavirus pandemic has required a change in the current procedure both in court matters and in notarial matters. The necessary amendments to the law have already been made, but have not been applied in practice yet; the digitalisation of justice is expected to be completed by 2024.

15.12.2020 - Schindhelm Brexperts – your contact for all Brexit related legal issues

Together with its cooperation partners in the UK, the Schindhelm Alliance has an international team of lawyers with many years of experience in supporting international companies in the UK market and who develop effective tailor-made solutions to all Brexit-related legal issues.

22.11.2019 - Austria: Even more transparency for transparent companies

State and corporate compliance obligations to combat money laundering and terrorist financing remain an utmost priority for EU member states. Companies (“legal entities”) have therefore been obliged to disclose their “beneficial owners”, among other things, for quite some time. In Austria, a separate database - the “Beneficial Owners Register” - was set up for this purpose. In course of the implementation of the 5th EU Money Laundering Directive, further tightening measures have now been adopted.

22.11.2019 - Turkey: Changes in subsidy law

State aid is granted on the basis of various criteria. The region or the economic sector in which the investment is made is decisive, but also the strategic importance of the investment and the level of the investment volume. Investments in structurally weak regions receive higher subsidies than investments in industrial areas. For the award of grants, a distinction is made between six different regions.

22.11.2019 - Slovakia: New law on whistleblowing

“Whistleblower” - people who point out violations of the law - will be protected even more in the future. This is the aim of a new law that came into force a few months ago. The new regulation adds to already existing provisions on the protection of whistleblowers in the employment relationship.

22.11.2019 - Italy: The new law on corporate crises as a “work in progress”

A new law on company crises has significantly changed the rules applicable to limited liability companies in this respect Among other things, the liability of the company’s management was tightened. Furthermore, the tasks of the supervisory body were expanded. The reform’s true impact remains to be seen: Will there be a change in corporate culture or will there be an increase in corporate crises?

22.11.2019 - Europe: Liability of the operator of a website for the Facebook “Like Button”

The European Court of Justice (ECJ) recently ruled on the long-discussed question of whether and how website operators can integrate the Facebook Like button (so-called “social plug-in”) in accordance with data protection requirements.Th ECJ’s investigation results from a legal dispute between the Consumer Association of North Rhine-Westphalia and a subsidiary of Peek & Cloppenburg KG.

22.11.2019 - Europe: Implementation of the EU trade secrets directive

The new “Law on Trade Secrets” now implements the so-called “EU Trade Secrets Directive”. This adopts the European legal requirements for the protection of confidential know-how and secret business information. Moreover, the new legal provisions contain limitation periods and important procedural provisions for the protection of trade secrets in court proceedings.

22.11.2019 - Austria: On the termination of the lease due to considerably detrimental use

According to Sec. 1118 ABGB (Austrian Civil Code), the lessor can terminate a lease unilaterally prematurely if the lessee makes a “considerably detrimental use” of the leased object. The scope and content of these legal provisions is a constant source of discussion. The mere performance of structural alterations by the lessee without the consent of the lessor does not in itself justify a good cause for the termination of the lease.

25.06.2019 - Spain: Simplification of establishing a company

The law 11/2018 dated 28 December has been in force since the beginning of the year. This selectively modifies the Commercial Code, the Stock Corporation Act and the Law on Auditing.

25.06.2019 - Turkey: The mandatory mediation procedure in Turkish law - labour law and commercial law suits

Justified by the goal of solving legal disputes in a fast and economical manner without filing lawsuits and thus relieving the overloaded Turkish courts, a mediation procedure is implemented as a mandatory pre-condition for filing a lawsuit according to Turkish labour and commercial law.

09.01.2019 - Austria: New protection of business secrets - entrepreneurs must act.

Companies invest in know-how, from which there are important competitive advantages. Valuable information is the currency of the knowledge-based company. Maintaining confidentiality of business secrets is therefore a management instrument for competitiveness and research innovations. The loss of secrets can result in serious consequences, in particular, and generally can no longer be reversed.

22.11.2018 - changes in the payment of sick leave and consequences for the employer

In the Czech Republic, as of 01/07/2019, employees should already be entitled to sick leave from the first day of their inability to work.

22.11.2018 - Turkey: The decree to protect the value of the Turkish currency – limitation of foreign currency and foreign currency indexed contracts

The presidential decree no. 32 issued on 12/09/2018 to protect the value of the Turkish cur-rency ("Decree") sets the limitation of foreign currency and foreign currency indexed contracts and stipulates that these contracts must be converted within 30 days into Turkish Lira (“TL”).

22.11.2018 - Germany: no d&o protection for gmbh managing directors for payments after maturity of insolvency

If a Gmbh makes payments after it becomes insolvent, the Managing Directors are personal-ly liable vis-à-vis the company, regardless of the internal allocation of responsibilities.

28.06.2018 - Austria: E-allocation and safe linking by means of hash value

The electronic transmission of tenders in the award procedure is nothing new and was already standardised in the Federal Procurement Act 2006 both for the classical area and for the area of sector contractors.

28.06.2018 - Bulgaria: New requirements for company sale and insolvency

As in the past, in the case of company sales, the seller has repeatedly neither paid salaries due nor paid social security contributions due for employees, the Bulgarian Commercial Code was amended accordingly by three successive amendments in December 2017, February and March 2018.