European Account Preservation Order

The European Parliament and the Council have adopted a new regulation Nr. 655/2014 of 15.05.2014 that establishes a European Account Preservation Order procedure to facilitate cross-border debt recovery in civil and commercial matters. The regulation is to be used from 18.01.2017.

Simultaneous performance of functions in commercial corporation

One of the most discussed topic with regard to the recodification of the civil law is so called “concurrence of functions” – simultaneous performance of functions in commercial corporation when one person is a statutory body in commercial corporation and simultaneously an employee (in most cases with scope of work of general director).

We hold the view that this concurrence of functions is in conformity with current legal regulation, namely for this following reasons:

1)    What the law does not expressly prohibit, it is allowed.