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In everyday working life, it is a regular and frequent occurrence that employees have to advance expenses for their employer. The correct reimbursement of these items causes many companies great problems and is very complex in detail. In the following, we present the essential guidelines, without this being a substitute for a concrete assessment of the individual case.
Discussions and deliberations on the establishment of a European Court of Justice for the settlement of investment disputes have come to the fore since the – ultimately failed – negotiations between the European Union and the USA on the TTIP free trade agreement. The focus of the criticism was the dispute resolution mechanism, since it would only benefit large international corporations that would exploit countries, their population and the environment; there was talk of a parallel justice system. But is that really true? Why is there any investment protection through arbitration at all? And why (and what) does the European Union now plan for settling investment disputes?
In keeping with our good and longstanding cooperation with the University of Warsaw, Schindhelm has given a lecture on the topic of “Energy market liberalization between the EU and China” in the conference “Between China and Europe - Energy for Future Earth” organized and hosted by Warsaw-Beijing-Forum on April 11th, 2021.
The Restructuring and Insolvency Directive Implementation Act (RIRL-UG) has now been passed by the National Council for the domestic implementation of Directive (EU) 2019/1023 of the European Parliament and of the Council of June 20, 2019. The Restructuring Regulation (ReO) contained in the RIRL-UG provides for a judicial restructuring procedure and will come into force together with accompanying amendments to the Insolvency Regulation (IO) - in time for the expiry of the implementation period specified by the EU - on July 17, 2021.
With the adoption of the LXIV law from 2021, the Hungarian Parliament implemented the EU Directive on the preventive restructuring framework (2019/1023) on 3 June in the Hungarian legal system and introduced the restructuring procedure. The most important economic policy objective of the policy is to address financial difficulties of companies at an early stage, promote their restructuring and restore their solvency. This is not an insolvency proceeding, but a new pre-insolvency proceeding.
The draft law on preventive restructuring has still not been published in the Czech Republic. The Czech government has therefore asked the EU Commission to extend the deadline for the adoption of the law in connection with the implementation of the restructuring directive by one year. Unfortunately, since February 2021, no further detailed information on the preparations of the Restructuring Act has been published.