Lease of public property (property of the state, municipalities, higher territorial units or public institutions) to the private sector is quite common. However, in practice, rights and obligations of contractual parties to lease contracts are often extended, resulting in violation of Act No. 343/2015 Coll. on Public Procurement and on amendments and supplements to certain acts (the “Public Procurement Act”), which is given priority (lex specialis derogat legi generali principle) over the regula...

The obligation to register data pertaining to an ultimate beneficial owner in the Commercial Register of the Slovak Republic came into force on 1 November 2018. This obligation applies to almost all legal entities. Who is considered an ultimate beneficial owner according to the current legislation? What data need to be registered? What are statutory time limits and what happens if an entity fails to meet them? We bring you answers in the following article and thus shed more light on the issue of...

In March 2015, the Bank of Portugal asked all banks and other monetary institutions to withdraw from trading with crypto currencies due to risks associated with schemes based on which they work. This risk is a result of greater anonymity of salespersons trading with crypto currencies and non-transparent crypto currency transactions between the traders, or specific crypto markets, as well as of insufficient regulation of this environment.