Business Insights

February 6, 2019

Business performance bonuses

The Financial Administration of the Republic of Slovenia (FURS) has recently issued an explanation in which it stated that the fact that worker received a business performance bonus from two (or more) employers in the same calendar year does not affect the tax treatment of these bonuses.
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


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 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.
October 9, 2018

Shareholders’ rights in private and public companies in Turkey: overview

September 7, 2018

“Yixin-Europe” railway with special focus on Czech Republic

From the traditional garment trade to the merger and acquisition of multinational companies, Zhejiang merchants have become active practitioners of China-Czech economic and trade exchanges under the “One Belt And One Road” initiative. A new “One Belt And One Road” headquarter is being set up with special focus on Czech Republic.
July 10, 2018

Visit of Geneva Officials to China

A Geneva business delegation was recently in China and visited Tencent in Shenzhen.
July 9, 2018

Joint Venture Guidelines of the Philippine Reclamation Authority

The Philippine Reclamation Authority (PRA) issued on 18 April 2018 Guidelines for joint venture agreements (JVAs) with private sector entities (PSEs). The Guidelines govern all JVAs formed for the development and disposition of PRA’s existing properties and projects, whether owned, administered or controlled by PRA.  The JVAs must be entered into only for activities directly and immediately related to the primary purpose of the PRA to dispose government assets. The Guidelines do not cover reclamation or to be reclaimed lands that are still part of the public domain.
July 6, 2018

Law Passed Strengthening Consumer Protection in the Philippines

On December 19, 2017, the Gift Check Act of 2017 (Republic Act No. 10962) was signed into law.