It is common for employers and employees to agree on a probationary period in the employment contract. The employee can check whether the type of work, place of work and the wage or other working conditions suit them, while the employer can use the probationary period to assess whether the employee is meeting its expectations. During the probationary period, each party can decide whether they wish to remain in the employment relationship or to terminate it.
The Three Things You Should Know About Czech Employment Even If You Are Not a Fan of HR
Even if your main focus is on developing your business and you think that the keys to HR are solid wages and an interesting benefits package, there are still some important issues in Czech employment law you should be aware of.
Round Six: The European Union Ban on Russian Energy Imports
The sixth package of European Union sanctions imposed on Russia is a widely discussed topic, yet the overall levels of preparedness to adopt the associated energy import ban varies from one country to another. Indeed, with Russian oil and gas exports being such a dominant source of energy for a number of European countries, it remains to be seen how all of them adapt to the change. To gain insight into how certain EU member states and non-EU countries are (likely) to fare in the immediate wake of the ban, we reached out to legal professionals from Turkey, Poland, Bulgaria, the Czech Republic, and Moldova.
Schoenherr Advises Alfa Laval on Scanjet Acquisition
Schoenherr, working with Mannheimer Swartling, has advised Alfa Laval Corporate on its acquisition of Scanjet Systems.
FDI Screening in Romania
This article provides an up-to-date overview of the currently existing FDI regimes in Romania.
Schoenherr and Brandl Talos Advise on Ancla Logistik’s Merger with Logsta
Schoenherr, working with WSS Redpoint, has advised Ancla Logistik on its merger with Logsta and the simultaneous conversion of existing revenue-based venture debt provided by Round2 Capital to Logsta. Brandl Talos, working with Ypog advised Logsta. Herbst Kinsky reportedly advised Round2 Capital.
Hungarian Competition Authority to Propose Sustainable Product Routes and Boost Domestic Production in the Insulation Materials Market
In August 2022 the Hungarian Competition Authority (GVH) closed its accelerated sector inquiry into the market for insulation materials, providing recommendations to manufacturers, the public, waste management operators and the legislator, aiming for a decrease in product prices.
Schoenherr Advises KKCG and Aricoma Group International on Acquisition of Musala Soft
Schoenherr has advised the KKCG Group and its portfolio company Aricoma Group International on the acquisition of Bulgarian software company Musala Soft and its subsidiaries. CMS reportedly advised the sellers.
Did You Know: Kinstellar's Jan Juroska Setting the Pace on Czech Deal Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Kinstellar Partner Jan Juroska has worked on 37 reported deals since 2013 – far and away the most of any lawyer in the Czech Republic?
FDI Screening in Montenegro
Montenegro does not have a foreign investment screening regime comparable to those emerging now in European Union in light of the EU FDI Screening Regulation. It operates a sector-specific authorisation system covering the defence sector.
FDI Screening in North Macedonia
North Macedonia does not have a foreign investment screening regime comparable to those now emerging in the European Union in light of the EU FDI Screening Regulation, but operates a single-sector authorisation system specifically covering the defence sector. Additionally, there is mandatory registration of all direct investments made by non-residents.
Schoenherr Advises Kontron on Sale of Divisions Within IT Services Business for EUR 400 Million
Schoenherr, working with Pinsent Masons and Wenger Vieli, has advised Kontron on selling parts of Kontron Group’s IT services business to Vinci Energies during a competitive auction process, for approximately EUR 400 million. Reportedly, Baker McKenzie’s German office advised Vinci Energies. Loloci & Associates advised Kontron on Albanian matters.
FDI Screening in Moldova
This article provides an up-to-date overview of the currently existing FDI regimes in Moldova.
FDI Screening in Poland
This article provides an up-to-date overview of the currently existing FDI regimes in Poland.
Hungary Opens Its Online Sports Betting Market from 2023 and Sets Licensing Conditions
Hungary has ended the state monopoly on the online sports betting market and this now makes way for the market entry of operators incorporated in the European Economic Area (EEA) ("EEA Operators").
FDI Screening in Czech Republic
New FDI legislation entered into force on 1 May 2021. It introduced a mandatory, suspensory, pre-closing notification obligation for acquisitions of "effective control" over companies active in the Czech Republic in industries deemed capable of threatening the security of the Czech Republic and internal or public order by parties resident outside the European Union, or whose ultimate controlling parent is resident outside the European Union.
Herbst Kinsky Advises Helu.io on USD 10 Million Series A
Herbst Kinsky has advised Helu.io on its USD 10 million Series A financing round led by CommerzVentures, with the participation of Iris Capital and early-stage investor Speedinvest.