How to prepare for the amendment to the Corporations Act
On 1 January 2021, an amendment to the Corporations Act will enter into effect, bringing a number of changes to corporate law. Most of the mandatory provisions of the amended law will be…
Changes brought by the amendment to the Corporations Act - I
The proposed amendment to the Corporations Act, which the deputies will be voting on again in January after it was returned to them by the Senate, is to enter into effect from 1 January…
To what extent may the rights of members of limited liability companies be restricted?
The Chamber of Deputies is currently discussing an amendment to the Act on Corporations. Below we present a summary of the amendment’s changes relating to the types of ownership interests…
Another step towards greater transparency of corporate structures?
An extensive amendment to the Corporations Act, prepared by the Ministry of Justice, is presently being debated by the Chamber of Deputies. In this article, we look into the changes that…
Quiet revolution in dividend payment?
With the effective date of the Corporations Act four years ago, a new chapter of corporate law started to be written. While some old concepts have explicitly been abandoned by the new law…
Taxation of disproportionate profit share distributions
The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors recently dealt with the taxation of profit distribution under the Corporations Act in…
Employees back on supervisory boards
The historically first amendment to the Corporations Act found its way through the legislative process and a day before year-end was promulgated in the Collection of Laws under No. 458…
Long awaited amendment to the Corporations Act
Soon, we will mark the third anniversary of the Act on Corporations and Cooperatives (Corporations Act) coming into effect.…