Kategori: Haberler

Macaristan’da E-Adalet — Bizimle Bugün Zaten Kullanılabilir

Even before the majority of our colleagues in Hungary, our law firm decided to conduct legal communication exclusively by electronic means. With the help of state-of-the-art technology — qualified electronic signatures and electronic court and administrative mailboxes — our submissions reach all Hungarian courts within seconds. Orders, judgments and procedural directions are likewise transmitted electronically […]

International Jurisdiction Agreements – Entry into Force of the Hague Convention

NZP NAGY LEGAL agrees cooperation with Indian companies to support German investors in India. Following the “large round”, in which Federal Chancellor Angela Merkel and Indian Prime Minister Narendra Modi agreed on the establishment of a joint development council (see the detailed report online), the first developments were already clearly noticeable the following day. Several […]

Different Arbitration Rules

Examples of the arbitration rules of the most commonly used arbitral institutions across Europe include those of the ICC in Paris, the Arbitration Institute in Stockholm, the Swiss Rules of International Arbitration in Zurich, the so-called Vienna Rules, the Arbitration Rules of the German Arbitration Institute in Düsseldorf, and the Rules of Proceedings of the […]

Yorumlama

A uniform procedure is generally desirable for the parties. For this reason, a principle of broad interpretation of arbitration agreements has developed in practice. As a decision of the Higher Regional Court of Munich shows (order of 30 August 2011 – 34 SchH 8/11, proceedings under Section 1040(3) of the German Code of Civil Procedure), […]

Prohibition of Tie-In Clauses in GmbH Managing Director Contracts

Tie-in clauses make the duration of a managing director’s service agreement dependent on their corporate office. Put simply: if the managing director is removed from office, their employment or service relationship is also intended to end. To give the answer on admissibility from the outset: in principle, there is nothing to prevent the use of […]

Notes on Arbitration Proceedings

Arbitration proceedings differ in a number of important respects from proceedings before state courts, and an understanding of these differences may have a decisive impact on the outcome of an arbitration. This begins with the selection of the arbitrator. In arbitration proceedings, the arbitrators are appointed by the parties to the dispute themselves. The parties […]

Tahkim Anlaşmalarının İflas İdarecileri Üzerindeki Bağlayıcılığı

Arbitration agreements have been increasingly popular in commercial law for years. An inevitable consequence of this is that insolvency administrators are also increasingly confronted with arbitration agreements entered into by the debtor before insolvency. It is settled case law of the German Federal Court of Justice that the insolvency administrator is, in principle, bound by […]

“Pathological” Arbitration Clause

Special substantive rules of interpretation have also developed for so-called pathological arbitration clauses. In practice, despite the availability of model clauses, such clauses occur relatively frequently. The Berlin Court of Appeal (SchiedsVZ 2012, 337) summarised these rules in connection with an arbitration clause contained in an agreement between the German subsidiary of a Finnish group […]

Russian Roulette Clause” in the Articles of Association Held Permissible

In practice, fifty-fifty shareholdings often give rise to the problem that shareholder decisions are mutually blocked by a deadlock situation. A so-called “Russian roulette clause” in the articles of association resolves such shareholder deadlocks by giving either shareholder the right to offer all of their shares to the other shareholder for purchase at a specified […]

Contract Drafting in the Indonesian Context

The Indonesian Court of Appeal (High Court in Appellate Decision, No. 48/Pdt/2014/PT.DK) held that contracts are valid only if at least one contractual version is available in Indonesian (Bahasa), regardless of whether the contract was concluded with a foreign company. Since 9 July 2009, Law No. 24 of 2009 has been in force in Indonesia […]