Greenwashing is an umbrella term for misleading environmental claims. A claim is any promotional communication that can be communicated in advertisements, marketing materials, product manuals, prospectuses for investors, recruitments ads, annual reports, on packaging or brands themselves.
Consolidation Package 2023 From the Perspective of Labour Law
The government has proposed a package of measures aimed at reducing the state budget deficit in the next coming years. The package anticipates savings of almost CZK 150 billion, which, should bring to the state budget, in addition to changes in tax rates, also changes affecting employees and employers.
Cobalt and Eversheds Sutherland Advise on Eco Baltia’s EUR 10 Million Bond Issuance
Cobalt has advised Eco Baltia on its second EUR 10 million issuance of three-year bonds, conducted as a private placement with arranger Luminor Bank and distributor Siauliu Bankas. Eversheds Sutherland was the bondholders' trustee.
Tsvetkova Bebov & Partners Advises Villeroy & Boch on Acquisition of Bulgarian Ideal Standard
Eversheds Sutherland Bulgarian member Tsvetkova Bebov & Partners, working alongside Freshfields Bruckhaus Deringer, has advised Villeroy & Boch on the acquisition of Bulgarian Ideal Standard- Vidima AD, part of the Ideal Standard Group. White & Case and Boyanov & Co reportedly advised the sellers.
Preventive Restructuring in the Czech Republic
On 23 September 2023, the Act on Preventive Restructuring came into force, which brought a new legal institute into the Czech legal environment – preventive restructuring, through which companies will be able to resolve their unfavorable economic situation.
The Ties That Bind: Czech-Slovak Legal Links
The relationship between the Czech Republic and Slovakia is forged on a shared history and close economic ties. As the two countries maintain strong trade relations and extensive cross-border business activities, legal firms have recognized the need to establish a presence in both jurisdictions. Havel & Partners Managing Partner Jaroslav Havel, BPV Braun Partners Managing Partner Arthur Braun, and Eversheds Sutherland Managing Partner Bernhard Hager talk about the ties that bind the two legal landscapes.
Binder Groesswang and Eversheds Sutherland Advise on Sale of Hoelzel Verlag to Westermann Group
Binder Groesswang has advised P&V Holding Aktiengesellschaft on the sale of Hoelzel Verlag to Westermann Group subsidiary Medien Union. Eversheds Sutherland advised the Westermann Group.
Amendment to the Labour Code finally approved with effect from 1 October 2023
As the amendment is effective as early as 1 October 2023, we provide below an overview of the main changes, indicating the necessary or recommended steps for employers to be taken:
Cobalt Advises Nordic Secondary Fund II on Cleveron 10% Stake Acquisition
Cobalt has advised the Nordic Secondary Fund II on its acquisition of a 10% stake in Cleveron AS. Eversheds Sutherland reportedly advised the sellers.
Cartel Law – Records and Data of Your Telecommunication Traffic Now as Evidence
The content of communications recorded by criminal law enforcement authorities (LEAs) and traffic and location data; Not only voice communications, but also electronic messages made not only from a mobile phone, but also from landlines and other devices; Records of surveillance of persons and property by the LEAs. This and other information have so far reached the Czech national competition authority (Czech NCA) without being able to use it legally as evidence in the proceedings.
Tsvetkova Bebov & Partners Advises TBI Bank on EUR 10 Million MREL Bond Placement
Eversheds Sutherland Bulgarian member firm Tsvetkova Bebov & Partners has advised the TBI Bank on the public placement of its EUR 10 million first tranche of senior non-preferred MREL bonds due 2026.
Did You Know: The Bulgarian Mid-Year Leaderboard
Did You Know that a total of 14 partners at Bulgarian law firms have worked on multiple client matters in that country so far this year? That group is led by Boris Teknedzhiev of Tokushev & Partners, who has worked on five reported Bulgarian client matters in 2023.
Tsvetkova Bebov & Partners Advises Bulgarian-American Credit Bank on MREL Bond Issuance
Eversheds Sutherland member Tsvetkova Bebov & Partners has advised the Bulgarian-American Credit Bank on a EUR 15 million private placement of senior non-preferred MREL notes.
Whistleblowing – New Czech Law From 1 August 2023
Summary of new Czech whistleblowing legislation
Fast-Paced Developments and Lagging Legislation in Slovakia: A Buzz Interview with Annamaria Tothova of Eversheds Sutherland
Legal AI developments, the impact of whistleblowing legislation, and the potential for a shorter work week keep lawyers talking in Slovakia, while a slowdown in legislative activity has them worried, according to Eversheds Sutherland Partner Annamaria Tothova.
Capital Markets in Bulgaria
Contributed by Tsvetkova Bebov and Partners, a member of Eversheds Sutherland.
Competition and Competition Litigation Laws and Regulations in Latvia
Contributed by Eversheds Sutherland Bitans.