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Illegal Employment – A “mitigating” amendment

Long criticized Law on Illegal Work and Illegal Employment (Act No. 82/2005 Coll. – hereinafter the “Illegal Work Act”) has recently been amended by Act No. 294/2017 Coll., and with effect from 1 January 2018 it should bring more mild impacts on “forgetful” employers. Until recently, employers were placed on a list of illegal employers and fined by the Labour Inspection, even for a delay in reporting an employee to the Social Insurance Agency just one hour after the employee came to work.

Full article can be found here

 


How will GDPR affect M&A transactions? 

The GDPR acronym has intensely resonated in business and social media during the last few weeks. Therefore we looked into how will this regulation affect the usual process of M&A transactions. We prepared the following scheme which will provide a general idea and can be a useful resource. In case of interest and for more information do not hesitate to contact our colleagues Lucie Schweizer and Darinu Parobeková.

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We have advanced in the ranking of the 10 top largest law firms in Slovakia

We proudly announce that as compared to the previous year we have advanced in the ranking of the 10 largest law firms in Slovakia, which is compiled every year by The Slovak Spectator monthly.

While the last year we ranked 3rd in the overall ranking, this year we have taken the 2nd position. In the partial rankings we have moved from the 4th to the 3rd position in the parameter Revenues and defended our 2nd position in the Number of Law Graduates parameter.

This outstanding ranking we understand as an appreciation of our work and also confirmation of the fact that its quality and professionalism are constantly growing.

More details about the ranking can be found at: https://spectator.sme.sk/c/20065015/which-are-the-largest-law-firms-in-slovakia.html

 


The new commercial code will affect also "decent" companies

The latest amendment to the Commercial Code does not only contain restrictions on unfair practices and grey knights. It affects the life of businesses more than it seems at the first glance, and nobody talks about it. We introduce you the most important changes that may affect your business.

On November 8, 2017, an amendment to the Commercial Code was published in the Collection of Laws, which again fundamentally extends the liability of the statutory bodies, even those who have been and are no longer or even those who were not statutory representatives.

Here is a summary of the most important changes.


We have obtained outstanding rating in IFLR1000

We are proud to announce that our Law Firm has been at the forefront of the current ranking of the international publication IFLR1000. In the area of Project Development we ranked in the top class of Tier 1. In the remaining two areas, Banking and Finance and M&A we ranked in Tier 2, and we are one of the few purely local firms with such a high ranking.

Our partners also gained a great individual classification, Dana Nemčíková, Jana Tögelová and Ján Azud, as Highly regarded, Jaroslav Ružička, as Market leader, and Sylvia Szabó and Ladislav Krechňák, as Notable practitioners.

This is yet another appreciation of our work this year.

 


Compliance Officer Day

We’re proud to be #ComplianceOfficerDay Champions. Join us in celebrating the ethics and compliance community at https://www.complianceofficerday.com/champions/ 


These days the computer programs are protected as literary works

Creation of the copyright was a result of the upswing of the printed media in the past, that motivated the need of its complex regulation and protection. Since the last century, copyright or any other intellectual property rights have experienced a large boom. In relatively short period of time, this area underwent many challenges mostly because of the creation of so-called Information Society.

Full article can be found here. 


Department of Mysteries or What is Compliance Department actually doing?

The Compliance Department or holding a position of a Compliance Department does have a certain parallel with the functions of the Ministry of Magic from J.K. Rowling´s Harry Potter.  Their function is often misunderstood, equally mysterious, „secretly“ structured but at the same time needed, required and important. And just as processes and regulations of the Ministry of Magic are avoided, the processes and regulations of the Compliance rules are avoided, if these are already defined by respective companies. Each company has its Compliance department or function even if they think they have not.

Full article

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Mandatory Activation of Electronic Mailboxes

It seems that in the past days – weeks we have been flooded with reports, articles and notices regarding electronic mailboxes. There is no doubt whatsoever, after two unsuccessful “mandatory activations” it is obviously a matter of prestige that the government should not move the date of mandatory activation again.

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The July vote in the European parliament’s committee on the amendment to the posting of workers directive

Slovakia, as well as 10 other countries mainly from Central and Eastern Europe, has given a yellow card to the proposal out of concern that the new conditions of the Directive will reduce the competitiveness of our workers on the European labour market. Read more in the article of our colleague Martina Poliačiková in The Slovak Spectator.

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Successfull European Compliance Forum

The European Compliance Forum 2017 was very successful. We want to thank all the speakers for their interesting presentations and many new topics to think about. We thank all participants for a very pleasant atmosphere. Last but not least, we want to thank all the organisers for their efforts.

 


Again we have won an excellent placement in international rankings

 

We are pleased to announce that our Law Firm has also won this year´s top position in the current Legal 500 ranking in the Real Estate and Construction sector. We are ranked among the “Top Tier Firms” (position 1).

Congratulations also to our Partner, Sylvia Szabó, who again defended the highest rating in the “Leading Individual” in the same sector. Sylvia is an expert in real estate law and developer projects, corporate criminal law and commercial law. Her clients include major local and international companies. She provides advice on project financing, corporate and administrative law.

More information can be found here.

 


 

Ružička Csekes again won The law firm of the year contest, defending several primes

The publisher EPRAVO Group s. r. o. in cooperation with the weekly TREND announced yesterday evening the winners of the Law Firm of the Year 2017. Ružička Csekes Law Firm won the prestigious award for the fifth time, the main prize in the category National Law Firm. Primacy from years 2013, 2014, 2015 and 2016 defended also in the category Public Procurement and won for the first time in the Criminal Law category.

Full article can be found here.

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