The Supreme Court of Cassation of the Republic of Bulgaria recognized under "exceptional circumstances," the right of an active partner in a limited liability company to act as an ad hoc representative. This decision references to Articles 6 and 13 of the European Convention for the Protection of Human Rights and Fundamental Freedoms (ECPHRFF) and the case law of the European Court of Human Rights (ECHR).
Schoenherr Advises Fiberhome on Hungarian Business Setup and Industrial Site Acquisition
Schoenherr has advised Chengdu Datang Communication Cable on the establishment of its Hungarian subsidiary, Zettanet Kft., and the acquisition of a 25,000-square-meter industrial site in Kisber from Sumitomo Electric Wiring Systems Limited. Sole practitioner Zsolt Fuesthy advised the sellers.
BPV Huegel Advises on Strabag and Porr Acquisition of Vamed Group's Austrian Operations
BPV Huegel has advised Strabag SE on its acquisition, together with Porr AG, of the technical operations management and construction projects divisions of the Vienna General Hospital, including the Austrian project development business and thermal spa holdings in Austria, from the Vamed group. KPMG Law reportedly advised Porr AG. Latham & Watkins reportedly advised Vamed AG and its majority owner, Germany's Fresenius.
Rymarz Zdort Maruta Advises Meko on Acquistion of Elit Polska from Rhiag – Inter Auto Parts Italia
Rymarz Zdort Maruta has advised Meko on its acquisition of Elit Polska from Rhiag – Inter Auto Parts Italia, a member of the LKQ Corporation group. Soltysinski Kawecki & Szlezak reportedly advised Inter Auto Parts Italia.
Kinstellar Advises United Bulgarian Bank on Merger with UBB Factoring
Kinstellar has advised the United Bulgarian Bank on its merger with UBB Factoring.
Czech Legal Briefing Part II
We bring you a brief overview of important legislative news from the Czech Republic that should not escape your attention.
Use of the Company Stamp in Company Business Operations
Companies are not obliged to use the stamp while doing business, as stated in Article 15 paragraph 1 of the Company law of Montenegro ("Company Law"). The legislator’s intention when prescribing freedom while regulating use of stamps in doing business was to unburden the Company’s business, i.e. to not burden the business with additional formal conditions, as well as to leave the issue of the use of the stamp to the company to regulate it by a general or special internal act.