Elimination of the reserve capital requirement for private limited companies – a good opportunity for distributing dividends

Since 2011, contributing to a reserve capital is no longer an obligation for private limited companies. However, it was not […] Read more »

Posted in Corporate and Commercial | Comments closed

Form of company transfer

When structuring corporate acquisitions, it is important to keep in mind the complexities that come with the manner of acquisition. […] Read more »

Posted in Corporate and Commercial | Comments closed

Option of raising capital from a pension fund

According to a report published by the Financial Supervision Authority in the summer of 2011, the total value of pension […] Read more »

Posted in Banking and Finance, Capital Markets | Comments closed

Guarantor’s right to indemnity

When a guarantee is granted, not much thought is often given as to what will happen if the amount under […] Read more »

Posted in Corporate and Commercial | Comments closed

Input value added tax deduction in real estate transactions

Recently, some new and interesting developments have taken place in connection with deduction of input value added tax in real […] Read more »

Posted in Taxation, Dispute resolution | Comments closed

Suretyship and guarantee – securities that may be

It is fairly common in business for shareholder being a natural person to provide a surety or issue a guarantee […] Read more »

Posted in Corporate and Commercial | Comments closed

Changes in European regulation of markets in financial instruments

On 20 October 2011, the European Commission adopted a proposal on amending the Markets in Financial Instruments Directive (MiFID). This […] Read more »

Posted in Banking and Finance | Comments closed

Securities market manipulation

We draw to attention a recent decision of the Supreme Court on misdemeanour of securities market manipulation. The Supreme Court […] Read more »

Posted in Banking and Finance | Comments closed

Restriction of liability – possible, but to what extent?

Agreements often contain clauses restricting party’s liability in the event of breach. There is a variety of ways available to […] Read more »

Posted in Corporate and Commercial | Comments closed

Application of transfer of enterprise regulation may come as a surprise

Parties to a transaction may be surprised to learn that regulation of transfer of enterprises may apply if the transfer […] Read more »

Posted in Corporate and Commercial, Employment, Mergers and Acquisition | Comments closed