Each week, Legal Insights offers a brief but insightful treatment of a topic of current legal interest. Whether it’s a short article on a recent legal development or an interview with one of our leading legal experts, Legal Insights promises to be both informative and interesting reading.
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|03. 04. 2013||
Czech Republic: Liability for damage caused by construction
|03. 04. 2013||
Austrian draft early intervention framework – Potential impact on outstanding instruments / new issues?
|29. 03. 2013||
Special Situations Newsletter March 2013. Troika to Cyprus: Drop Debt. Offshore comes Onshore.
|29. 03. 2013||
Austria: New Law Makes Establishing a GmbH Easier and Cheaper
On Friday, 22 March 2013, a draft new law (Gesellschaftsrechts-Änderungsgesetz 2013 – GesRÄG 2013) was revealed by Minister of Justice Beatrix Karl and Minister of Economy Reinhold Mitterlehner. The GesRÄG 2013, which is expected to come into force on 1 July 2013, aims at facilitating the establishment of an Austrian limited liability company (Gesellschaft mit beschränkter Haftung – GmbH). This article provides a summary of the draft.
|25. 03. 2013||
EU: Moving into a greener gear: the proposed Alternative Fuels Infrastructure Directive
On 24 January 2013, the Commission announced and published a Proposal for a Directive on the deployment of alternative fuels infrastructure (‘the Proposal’) . The Commission regards the lack of an alternative fuels infrastructure and of common technical specifications as principle barriers to the use of alternative fuels and consumers acceptance. The Proposal aims to ensure the setting-up of the infrastructure for the use of alternative fuels for road, sea and in-land water transport across the EU, and envisages closing the gap between past initiatives and legislation that had addressed mainly fuel production and marketing, as well as vehicles technology development, while neglecting the building-up of the necessary infrastructure.
|19. 03. 2013||
Romania: Wind of change on the Romanian renewable energy market
Romania seems to be one of the most attractive CEE jurisdictions for renewable energy investments, due to the generous support scheme which generated increasing enthusiasm over the past few years. Implemented in 2005, the support scheme for renewable energy (RES) consisting of tradable green certificates (GCs) combined with mandatory acquisition quotas was improved in 2008 and subsequently in 2010, but was only applicable as of mid-2011, upon state aid clearance from the European Commission (EC).
|13. 03. 2013||
Loan Sales/Securitization - Structural constraints imposed by Austrian banking secrecy
A recent judgment from the Austrian Supreme Court clarifies certain limitations that Austrian banking secrecy may have on structuring loan sales transactions including true sale securitizations.
|11. 03. 2013||
EU: Genuine Use of Community Trademarks Changes due to recent CJEU decision C-149/11
|08. 03. 2013||
Austria: Supreme Court on calculating vacation entitlements when employees switch from part-time to full-time
Outstanding vacation entitlements accrued during part-time employment may be a financial burden to employers when employees switch to full-time employment.
|04. 03. 2013||
EU: The Internal Energy Market Progress Report - The View for the CEE member states
As part of the process of assessing the status of finalising the Internal Energy Market (IEM), the European Commission at the end of 2012 presented a Communication on the state of play in EU-27. This material is valuable for the investors in the energy sector in Europe, as it provides a comprehensive analysis of the progress reached so far under the IEM policy, as well as a road map of the priorities for the energy markets in each member state. The CEE markets share common features such as high market concentration, regulated prices for the final customers, and the need to develop and/or improve their interconnection infrastructure. This newsletter looks briefly at the key findings of the analysis across the EU and then focuses on the priorities that the CEE markets need to address, as well as a snapshot of regulated electricity and gas prices and the pending infringement procedures for the member states in the CEE region.