Funding for uncovered fixed costs: Changes proposed
Author: Jera Majzelj, SELIH & PARTNERJI Law Firm
The last round of intervention measures adopted by the Slovenian National Assembly in November (package PKP6) introduced support in the form of partial funding of uncovered fixed costs. With the next package, PKP7, the Slovenian Government is already proposing changes.
The proposed changes are mainly intended to:
widen the scope of eligible undertakings: the proposal considers undertakings that have not suffered a significant drop in turnover (or have even increased its turnover compared to 2019), however, this is due to new investments…
How Could Declaring a State of Crisis Affect Companies in North Macedonia?
Author: Metodija Velkov, Polenak Law Firm
The adoption of a decision on the existence of a crisis situation by the Government of the Republic of North Macedonia could have implications for the ordinary operations of companies.
After the adoption of such a decision, the Government also adopts a decision for the use and management of the resources of other entities in the country for such a crisis.
These entities are primarily the bodies of the state administration and the bodies of the municipalities and the city of Skopje.
However, the Government may decide to also use the resources of public…
Resolutions in Absentia – A Useful Convenience in the Management of Limited Liability Companies and Joint-Stock Companies
In the conditions of a global pandemic and strengthened measures for social distancing, the issue of the resolutions in absentia in the management of companies becomes relevant.
The Fifth COVID-19 Act Adopted in Slovenia
On 15 October 2020, the Slovenian Parliament adopted the Interim Measures for Mitigation and Elimination of Consequences Act COVID-19 (ZZUOOP) or the so-called Fifth COVID-19 Act.
New Steps towards the Digitisation of Greek Corporate Law: Facilitating Teleconferences and Promoting Electronic Corporate Establishment
Article 23 and 24 of Law 4712/2020 introduced two important reforms to Greek corporate law.
Turkey: Dividend Distribution Limitation Period is Extended
With the Presidential Decree published on 18 September 2020, the President extended the period for the limitations on capital companies' dividend distributions by three months, until 30 December 2020.
NNDKP Legal & Tax Webinars Series on Your Business in the Online Environment
The COVID-19 pandemic has changed (or in some cases, accelerated), both from an economic and social point of view, the traditional way we do things. In this context, the partial or total relocation or consolidation of the business in the online environment is one of the major challenges that requires a prompt response.
Nestor Nestor Diculescu Kingston Petersen, with the support of BusinessMark, is pleased to invite you to a series of webinars designed to provide answers to some of the sensitive legal questions related to how a business operates in the online environment:
Your business in the…
Intervention Measures to Encourage Significant Investments in Slovenia After the COVID-19 Epidemic
Authors: Marusa Polak, Miha Hocevar, Natasa Pipan Nahtigal, SELIH & PARTNERJI Law Firm
On 29 May 2020, the Slovenian Parliament adopted the Intervention Act to Remove Obstacles to the Implementation of Significant Investments to Start the Economy After the COVID-19 Epidemic (hereinafter “Act”). Its purpose is to accelerate kick-start of significant investments in the Republic of Slovenia as soon as possible after the COVID-19 epidemic ends, which should enable accelerated commencement of economic activity and growth in key investment sectors of the Slovenian economy.
The new Act sets…
Protection of Strategic Assets: Foreign Direct Investment Screening Launched in Slovenia
Authors: Jera Majzelj, Natasa Pipan Nahtigal, SELIH & PARTNERJI Law Firm
On 29 May 2020, the Slovenian Parliament adopted the proposed third package of COVID-19 support measures, all bundled into one piece of legislation: The Act on Intervention Measures to Mitigate and Remedy the Consequences of the COVID-19 Epidemic. As expected, the new intervention Act is mostly dealing with subsidies for part-time workers, holiday vouchers, continuing compensation scheme for workers in tourism, etc.
However, one section sticks out. The Government has included a set of rules on foreign direct investment…
