Insights into the world of business

Utilizing the global reach of the Cathay Group we are aiming to provide you with insights to the local business, legal, investment, tax and IP environment of your target countries around the world.

Latest articles

November 13, 2018

New period for Czech-Chinese relations / Czech-Chinese relations spring

In spite of the geographical distance, the Czech Republic and the People’s Republic of China (PRC) have increasingly deepened their mutual long-lasting friendship in the recent years.
November 9, 2018

Creation of Opportunity Zone

One of the sleeper provisions in the 2017 Tax Reform bill is now picking up steam – the creation of Opportunity Zones (more info on Opportunity Zones below).
November 8, 2018

Opportunity Zone Roadmap

If you are in the real estate industry, you have probably heard about Opportunity Zones (the “OZProgram”). If you haven’t, you should get up to speed (very!) quickly since these two unassuming sections of the Internal Revenue Code of 1986, as amended (the “Code”), which were added as part of 2017 Tax Reform, have cracked wide open a new investment structure that results in significant tax benefits to investors.
October 31, 2018

TIMING IS EVERYTHING

WHEN WILL TIME BE OF THE ESSENCE? Time will be of the essence in a contract when a time limit is an essential condition of a contract. Parties may agree to stipulate that a right must be exercised by a certain time and/or that a contractual obligation is performed by a certain time. If parties fail to meet these deadlines they may find themselves having lost a beneficial right of the contract or having terminated the contract.

Business

November 13, 2018

New period for Czech-Chinese relations / Czech-Chinese relations spring

In spite of the geographical distance, the Czech Republic and the People’s Republic of China (PRC) have increasingly deepened their mutual long-lasting friendship in the recent years.
October 31, 2018

TIMING IS EVERYTHING

WHEN WILL TIME BE OF THE ESSENCE? Time will be of the essence in a contract when a time limit is an essential condition of a contract. Parties may agree to stipulate that a right must be exercised by a certain time and/or that a contractual obligation is performed by a certain time. If parties fail to meet these deadlines they may find themselves having lost a beneficial right of the contract or having terminated the contract.
October 15, 2018

Compensation for the Franchisee

In the last years a lot of decisions in Germany have revolved around the issue of compensation of the franchisee once the franchising agreement ends.
October 10, 2018

CORPORATE INSOLVENCY AND DISTRIBUTION OF FUNDS

Corporate insolvency is governed by the Insolvency Act 1986 and the Insolvency Rules 1986. A new set of rules will come into force on 6 April 2017, with the aim of modernising existing practices and procedures. All statutory sections mentioned throughout this article refer to the Insolvency Act 1986.

Legal

October 29, 2018

Careful when publishing copyrighted content on the websites

The Court of Justice of the European Union has decided it is prohibited to publish photographs on the internet, which had already been published on another website with the consent of the copyright holder, without (further) consent of the copyright holder.  
October 26, 2018

What should be considered in determining workers’ seniority bonuses?

Following social partners’ differing interpretations of Article 129 of Employment Relationships Act (ERA-1) in relation to the workers’ length of service concerning the seniority bonuses, the Ministry issued a non-binding statement, which contradicts recent case-law. This is why all eyes are now on the Supreme Court which needs to address this issue in the judicial review, which has already been granted leave.
October 24, 2018

Can an immovable property be bought without providing the notary public with a building permit?

The provision of Article 93 of the Slovene Building Act (Gradbeni zakon, GZ) states that notaries are bound by law to verify that a building built on an immovable property has a building permit. But do they?  
October 19, 2018

Most frequently found and sanctioned labour law violations in 2017

It follows from the 2017 annual report of the Labour Inspectorate of the Republic of Slovenia that the level of compliance with the labour law in Slovenia remains worrying, especially concerning the payment of wages, holiday allowances and other work-related allowances.

Investment

October 11, 2018

INVESTOR VISAS FOR NON-EEA INVESTORS

Non-EEA investors that are investing in the UK may be eligible for a Tier 1 Investor Visa (“Tier 1 Visa”). The Tier 1 Visa is a visa for high net worth individuals outside of the EEA who are making a substantial investment in the UK.
June 5, 2018

About Real Estate Business in Turkey

In the following article you will be able to gain an insight of Real Estate Businesses in Turkey, where multiple questions have been answered.
May 18, 2018

Czech Republic a CEE hub for China

The Czech Republic is thanks to its location often called the hearth of Europe. A lot of multinational conglomerates have set up their logistics centres in the Czech Republic.
April 24, 2018

China and the CEE region

Chinese investments in Europe have reached record values. In 2017, when President Si Ťin-pching promised the One Belt One Road initiative another USD 124 billion to expand global business routes, the investments grew by 78%. Europe is one of the objectives of what was first described in 2013 as the New Silk Road with the aim to support investment into ports, roads and railways and other infrastructure worldwide.

Tax

November 9, 2018

Creation of Opportunity Zone

One of the sleeper provisions in the 2017 Tax Reform bill is now picking up steam – the creation of Opportunity Zones (more info on Opportunity Zones below).
November 8, 2018

Opportunity Zone Roadmap

If you are in the real estate industry, you have probably heard about Opportunity Zones (the “OZProgram”). If you haven’t, you should get up to speed (very!) quickly since these two unassuming sections of the Internal Revenue Code of 1986, as amended (the “Code”), which were added as part of 2017 Tax Reform, have cracked wide open a new investment structure that results in significant tax benefits to investors.
October 30, 2018

SHARE OPTIONS LOSE TAX ADVANTAGES AS EU STATE AID APPROVAL LAPSES

Companies using the Enterprise Management Incentives (EMI) scheme have been advised to delay the transaction of shares until EU State Aid approval has been reinstated.
September 13, 2018

New Rules Will Apply to Tax Return Filing in May 2019

On February 07, 2018, the President promulgated the following amendments to the Income Tax Act.  These amendments apply to income tax filings for May 2018, and are applied retroactively to January 01, 2018.

Intellectual property

October 25, 2018

China is discussing IP protection with V4 member states

The Visegrad Group successfully held a joint China-V4 intellectual property seminar in the Czech Republic.
June 19, 2018

Chinese launch of CATHAY IP with successful events in Shanghai

Last week seven international CATHAY IP member firms, the international leaders of the group from three countries and the Chinese founding partner of CATHAY IP, Sinofaith attended the „2018 IPCOC Intellectual Property Commercialization Operation Conference” in Shanghai.
June 5, 2018

IPCOC 2018, Intellectual Property Commercialization Operation Conference is coming on 15th June, 2018

The first Intellectual Property Commercialization Operation Conference on June 2017 (“IPCOC”) was held in Jia-ding District, Shanghai, and gained high attention and wide influence in the industry The second 2018 IPCOC China intellectual property commercialization operation conference is about to meet with you on June 15th, 2018.
May 25, 2018

The new Personal Data Protection Act adopted on time?

The National Assembly did not include the proposal of the new Personal Data Protectionin the agenda of its next extraordinary session. This means that the controllers andprocessors will have to comply with the requirements of the General Data ProtectionRegulation no later than 25 May 2018, because there will be no promised adaptationperiod.