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EUROPE
THE NEW CZECH LABOUR CODE
PETERKA & PARTNERS v.o.s., Prague, Czech Republic
by Michaela Vondrakova
A new labour code, which has recently been passed by Parliament to take effect as of January 1, 2007, after long and stormy discussions, along with some other related new Acts (namely the Act on health insurance and the Act on employee injury insurance, which will probably take effect one year later), will bring the first changes to labour law since 1990.
[FULL STORY]
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ALTERNATIVES TO PRIVATISATION IN LOCAL SELF-GOVERNANCE IN BULGARIA
Teralex Consult, Sofia
by Anna Gotzeva
These days we are witnessing a process where local self-governance authorities world-wide begin to restrict the wide scope of economic activities they had until recently, focusing increasingly on their governance functions. The coverage and the contents both of the governance functions of the municipalities and of their economic activities are described by the respective national legislation. Nevertheless, while it would be impossible for a municipality to abdicate its governance functions under any circumstances, it is possible to assign the direct performance of activities that by their very substance have a business character to external entities, which may be controlled up to various extents.
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[FULL STORY]
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ROMANIA - SIMPLIFIED PROCEDURE OF THE INSOLVENCY REGULATED BY THE PROVISIONS OF THE LAW NO. 85/2006, SPECIFIC MODALITY OF ENTERING DIRECTLY TO THE BANKRUPTCY PROCEDURE
Zamfirescu Racoti Predoiu
by Mr. Stan Tîrnoveanu
The object of the present measure is the simplified procedure of the insolvency, seen as a specific way of guaranteeing the creditors ` rights and the implied recovering of the debtors` receivables, even when it comes to the large amount of these receivables.
[FULL STORY]
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