Worldwide: Accounting and Audit

Yesterday, the Commission presented a proposal for a regulation on a statute for a European Foundation ("FE").

In previous issues of this newsletter, we focused on the role of the banking and financial sector in the financial crisis.

In good and in bad times, investments tend to be highest in countries with the least regulations and taxes.

We would like to introduce you to a great new feature of the revised German Insolvency Act which makes debt-equity-swaps in Germany (e.g., as part of loan-to-own transactions) a lot more attractive.

The proposed Personal Insolvency Bill, published on 25 January 2012, provides for significant changes to the personal insolvency regime in Ireland.

On March 1, 2012, the Act for the Further Facilitation of the Restructuring of Companies (ESUG) came into effect.

Given your limited time and the need to allocate it effectively in almost any business, you will need to assign a portion of the accounting workload to an outside expert team.

It is not surprising that qualitative disclosures are less popular with preparers of financial statements.

The content of this article includes: Rules For State Participation In Private Law Legal Persons, New Product Safety Act, Charges On Holders Of Surplus Stocks Act , Explosives Act, Radiation Act, New Principles Of The Competition Act, Amendment Of The Packaging Excise Duty Act.

The Electronic Money Institutions Act entered into force on 1 January 2006.

On 19 October 2005 the Estonian Parliament (Riigikogu) adopted the Electronic Money Institutions Act

The Lithuanian e-commerce framework is not based on the adoption of specific laws, but rather finds its origins in the general norms of private law, consumer protection law, data protection law,