THE LAW ON SPECIAL MODALITIES FOR TAX DEBT SERVICING 1

Size: px
Start display at page:

Download "THE LAW ON SPECIAL MODALITIES FOR TAX DEBT SERVICING 1"

Transcription

1 THE LAW ON SPECIAL MODALITIES FOR TAX DEBT SERVICING 1 Article 1 This Law shall govern special modalities and procedure for tax debt servicing. Article 2 This Law aims to alleviate the financial position of companies affected by economic crisis, to maintain current solvency, and stimulate employment. Article 3 The tax debt servicing procedure prescribed under this Law shall be respectively subject to provisions of the laws governing tax procedure and general administrative procedure. Article 4 (1) The terms used herein shall have the following meaning: a) tax debt constitutes taxpayer s debt pertaining to taxes and surtaxes due for payment accordingly to deadlines prescribed under this Law, b) tax constitutes any payment obligation, the taxpayer is obliged to pay to the Budget of Republic of Srpska, to budgets of cities, municipalities, and funds, which is deemed irrecoverable, and shall include taxes, social contributions, fees, and charges, c) surtax constitutes any form of payment to the Budget of Republic of Srpska, municipality, city, and funds ensuing from obligation to pay tax, including tax related interest, and costs of procedure, d) share in ownership constitutes stocks, i.e. member s share in a company. (2) Other terms used in this Law shall have the same meaning as that in the Law on Tax Procedure of Republic of Srpska. Article 5 In pursuance of this Law, tax debt can be serviced as follows: a) byway of one-off deferral of payment of tax debt, for a period of up to one year, or for the period of up to 60 months maximum, applying equal monthly installments, b) byway of conversion of tax debt into share in ownership in a company, and c) byway of payment of the entire amount of principal debt, with interest write-off. 1 Published in the Official Gazette of Republic of Srpska no 66, dated 06 August 2013

2 Article 6 (1) Deferral of payment of tax debt referred to in Article 5, Item a) of this Law can be approved to tax debtor whose debt has been established byway of tax declaration or tax decision document, given the following terms have been met: a) that tax debt was due for payment no later than in the year preceding the year in which deferral request is being filed in line with Article 7 of this Law, b) that tax debt is secured, and c) that individual and due obligations pertaining to retirement and disability insurance have been serviced for employees who shall become eligible to enjoy specific rights arising from retirement and disability insurance during the deferral period. (2) One of the following means shall be used to secure tax debt: a) mortgage to the taxpayer s real-estate or mortgage of a third party, b) lien on movable assets of a taxpayer or the lien of a third party, c) irrevocable bank guarantee payable upon first call, and d) vouch of another party, owner of property used as security for tax debt. (3) Security referred to in Paragraph 2 of this Article shall be, at least, of the same value as the total tax debt, which, in addition to principal debt, includes the interest incurred. Article 7 (1) Payment deferral procedure shall be initiated byway of a payment deferral motion submitted to the Ministry of Finance (hereinafter: the Ministry), no later than 30 days as of the day of delivery of the final decision document for payment of tax liabilities to the taxpayer in reference to liabilities established under Tax Administration s decisions document. (2) Along with the motion referred to in Paragraph 1 of this Article, the taxpayers shall supply the following: a) a decision document establishing tax liabilities, or tax declarations recorded by Tax Administration of Republic of Srpska (hereinafter: the Tax Administration), if the motion filed is pertaining to tax debt established under tax declarations, b) proof of security provided as referred to in Article 6, Paragraph 2 of this Law, c) statement confirming the terms referred to in Article 6, Paragraph 1, Item d of this Law have been met, and d) a photo-copy of financial statements for the last completed business year. (3) Minister of Finance (hereinafter: the Minister), shall prescribe the form of the tax debt payment deferral motion. Article 8 (1) The Minister shall issue a decision document in regards to tax debt payment deferral motion. (2) The summary administrative procedure shall apply to the motion referred to in Paragraph 1 of this Article, and it shall not exceed 30 days following the day of receipt of a proper motion.

3 (3) The decision document referred to in Paragraph 1 of this Article, in addition to mandatory elements prescribed under the law governing administrative procedure, shall also contain the payment schedule including interest calculated up until the final date of payment of the respective tax debt. (4) The Ministry shall calculate the interest to the total amount of tax debt subject to a decision document referred to in Paragraph 1 of this Article, in pursuance of the law governing tax procedure. (5) The decision document referred to in Paragraph 1 of this Article shall be regarded as definitive in an administrative procedure without right to appeal. Respectively, an administrative dispute can be initiated before the competent court. (6) The Ministry shall deliver the decision document referred to in Paragraph 1 of this Article to Tax Administration no later than five days following the date of its issue, for the purpose of record keeping and monitoring of performance of obligation rendered under the decision document. (7) Notwithstanding the provisions of Paragraph 1 of this Article, the Tax Administration Director shall decide upon deferral motion for tax debt not exceeding BAM, in view of conditions and methods prescribed under this Law. (8) Tax Administration shall calculate interest to the total amount of tax debt subject to a decision document referred to in Paragraph 7 of this Article, in pursuance of the law governing tax procedure. (9) An appeal can be filed to the Ministry against Tax Administration Director s decision document referred to in Paragraph 7 of this Article, within 15 days following the day of delivery of the decision document to the tax debtor. Article 9 (1) Tax Administration shall monitor the enforcement of the decision document on approval of deferral and shall inform the Ministry immediately if it establishes that the taxpayer is not adhering to the conditions and deadlines set out in the decision document. (2) If taxpayer fails to adhere to conditions and deadlines referred to in the decision document on deferred payment of tax debt, the Minister, i.e. the Director of Tax Administration shall repeal the respective decision document ex officio, after receiving the information referred to in Paragraph 1 of this Article. (3) In cases referred to in Paragraph 2 of this Article, the Tax Administration shall, bearing in mind the efficiency of collection, collect the unpaid tax debt byway of: a) means of security, or b) enforced collection procedure. (4) Taxpayer for whom the decision document has been repealed as set out in Paragraph 2 of this Article, shall not be entitled to payment deferral for the same tax debt.

4 Article 10 Statue of limitation for tax liabilities shall stay during the tax debt payment deferral period. Article 11 (1) All tax debtors established as companies and fulfilling the terms prescribed under this Law and the law governing the establishment and operations of companies shall be entitled to service their tax debt in line with Article 5, Item b) of this Law, namely through conversion of tax debt into share in ownership. (2) Tax debt which was due no later than 31 December 2012 can be serviced in line with Paragraph 1 of this Article. Article 12 (1) The procedure for servicing of tax debt byway of conversion into share in ownership shall be initiated through a motion for initiation of procedure of conversion of debt into share in ownership. The motion stating the basic information about the debtor shall be submitted to a ministry competent for the filed pertinent to the line of business of tax debtor. (2) Along with the motion referred to in Paragraph 1 of this Article, the taxpayers shall supply the following: a) a Decision of the tax debtor s competent body on intention of converting tax debt into share in ownership, b) competent court s Decision on registration of tax debtor, c) proof of ownership structure, respectively the structure of the tax debtor s capital, d) a photo-copy of the set of financial statements of the tax debtor for the last completed business year along with notes to financial statements, e) a photo-copy of the audit reports to financial statements for the last completed business year in case the tax debtor is subject to audit in line with regulations, and f) Tax Administration s Certificate of debt of the tax debtor. (3) Following initiation of procedure referred to in Paragraph 1 of this Article, Tax Administration shall issue an interim measure of interdiction over property of the tax debtor, only after receiving the information from the competent ministry on initiation of the procedure for conversion of tax debt into share in ownership. Article 13 (1) The Government of Republic of Srpska (hereinafter: the Government), shall issue the Decision on approval of conversion of tax debt into share in ownership following a proposal of the ministry competent for the filed pertinent to the line of business of the tax debtor subject to the procedure of conversion of tax debt into share in company s ownership. (2) The Government, at the proposal of the competent ministry, shall deny the proposal to initiate the procedure for conversion of debt into share in ownership in case it finds the procedure unsupportive of the aim referred to in Article 2 of this Law, and primarily if: a) the founder, i.e. responsible person with the tax debtor had been convicted of crime or is subject to criminal proceedings due to evasion of taxes and contributions, and

5 b) it establishes that tax debtor or its related person disposes with assets sufficient to service the tax debt without threat to its solvency and payment of employee wages. (3) The law governing tax procedure shall serve as basis to establish the relation of the tax debtor with another person. (4) Following the Decision referred to in Paragraph 1 of this Article, the managerial structures of the tax debtor shall organize the shareholders, i.e. members assembly to issue a decision on capital increase through conversion of tax debt into share in ownership, in line with regulations governing this field. Article 14 (1) Based on tax debtor s motion, and following a Decision referred to in Article 13, Paragraph 1 of this Law, the Minister shall issue a decision document on servicing of debt through conversion of tax debt into share in ownership in the tax debtor (company), with precisely determined amount of converted tax debt, the share of the Republic in the capital based on conversion, i.e. the share of extra-budgetary funds ad local communities in the capital. (2) Along with the motion for servicing of tax debt through conversion into share in ownership referred to in Paragraph 1 of this Article, the tax debtor shall supply the Decision on recapitalization. (3) The Ministry shall deliver the decision document on servicing of debt through conversion into share in ownership to the tax debtor who will forward it to the competent court of registration along with other documentation required for registration of increase of the basic capital accordingly to regulation governing registration of companies. (4) Tax debtor shall also submit the decision document referred to in Paragraph 1 of this Article to the Central Registry of Securities (hereinafter: the Central Registry), for the purpose of registration of ownership over shares in line with regulation governing the securities market. The Central Register shall issue a certificate respectively. (5) The registration decision document and the Central Registry certificate shall be submitted to the Ministry by the tax debtor, no later than five days following the take over of these documents from the competent body. Article 15 The book value (price to book ratio), shall apply to conversion of tax debt into share in ownership using the data from the financial statement of the tax debtor for the last completed business year. Article 16 The Ministry, on behalf of the Government, shall be the creditor for the entire tax debt in the procedure of conversion of tax debt into share in ownership.

6 Article 17 Beneficiary of public revenue in converted tax debt shall be established in line with regulation governing the budget system of Republic of Srpska. Article 18 (1) Stocks, i.e. member s share acquired by Republic of Srpska in the procedure for servicing of tax debt through conversion shall become part of the portfolio of the joint stock company Share Fund of the Republic of Srpska Banja Luka, accordingly to debt arising from taxes pertaining to the Budget of Republic of Srpska. (2) Stocks, i.e. member s share acquired by extra-budgetary funds and local self-governance units, based on their outstanding receivables, shall belong to them. Article 19 (1) Changes to tax records shall be made based on decision document referred to in Article 14, Paragraph 1 of this Law, which the Ministry shall forward to Tax Administration, along with the Central Registry certificate. (2) After changes have been made to tax records, Tax Administration shall issue a certificate on end balance of liabilities after the tax debt servicing, and shall forward it to the tax debtor. Article 20 Conversion of tax debt into share in ownership in shareholding companies shall be made only in case where shareholders assembly issues a decision on acquisition of voting shares without obligation to publish the takeover bid accordingly to regulation governing the takeover of shareholding companies. Article 21 (1) Servicing of tax debt in line with Article 5, Item c) of this Law byway of payment of the principal tax debt with interest write-off shall be available to all tax debtors in case that by 30 June 2014 they will have paid the entire principal tax debt which was due for payment no later than 30 June (2) In case of servicing of tax debt along the lines of Paragraph 1 of this Article, the entire amount of interest calculated to debt shall be written-off. (3) Tax debtors who fail to service the entire principal debt by deadline referred to in Paragraph 1 of this Article, shall not be entitled to interest write-off referred to in Paragraph 2 of this Article. Article 22 (1) The procedure pertaining to rights referred to in Article 21, Paragraph 2 of this Law shall be initiated through tax debtor s motion.

7 (2) Tax Administration shall be deciding on the motion referred to in Paragraph 1 of this Article in line with the laws governing tax and general administrative procedure. (3) Following a decision document confirming the fulfillment of conditions referred to in Article 21 of this Law and approving the interest write-off, Tax Administration shall without delay make appropriate entries in tax accounting and in tax card of the respective tax debtor. Article 23 The Ministry and Tax Administration shall supervise the application of provisions of this Law. Article 24 This Law shall enter into force eight days following its publication in the Official Gazette of Republic of Srpska No: /13 CHAIRMAN 18 July 2013 OF THE NATIONAL ASSEMBLY Banja Luka MSc Igor Radojičić s.r.

LAW ON TAX PROCEDURE OF REPUBLIC OF SRPSKA

LAW ON TAX PROCEDURE OF REPUBLIC OF SRPSKA LAW ON TAX PROCEDURE OF REPUBLIC OF SRPSKA Published in the Official Gazette of Republic of Srpska, no. 102/11 of 17 October 2011; corrections published in the Official Gazette of Republic of Srpska, no.

More information

LAW ON BANKRUPTCY AND LIQUIDATION OF BANKS AND INSURANCE COMPANIES ( Official Gazette of the RoS, nos. 61/2005, 116/2008 and 91/2010)

LAW ON BANKRUPTCY AND LIQUIDATION OF BANKS AND INSURANCE COMPANIES ( Official Gazette of the RoS, nos. 61/2005, 116/2008 and 91/2010) LAW ON BANKRUPTCY AND LIQUIDATION OF BANKS AND INSURANCE COMPANIES ( Official Gazette of the RoS, nos. 61/2005, 116/2008 and 91/2010) I. GENERAL PROVISIONS Article 1 This Law defines the terms and proceedings

More information

Law on Bankruptcy and Liquidation of Banks and Insurance Companies (Official Gazette of the Republic of Serbia, No. 14/2015)

Law on Bankruptcy and Liquidation of Banks and Insurance Companies (Official Gazette of the Republic of Serbia, No. 14/2015) Law on Bankruptcy and Liquidation of Banks and Insurance Companies (Official Gazette of the Republic of Serbia, No. 14/2015) (Unofficial Translation) I. BASIC PROVISIONS Article 1 This Law governs the

More information

Law on the Takeover of Joint Stock Companies

Law on the Takeover of Joint Stock Companies Law on the Takeover of Joint Stock Companies CONSOLIDATED TEXT Law on the Takeover of Joint Stock Companies ("Official Gazette of the Republic of Macedonia" no.4/2002, 37/2002 and 36/2007) I. GENERAL PROVISIONS

More information

Regulation on the procedure and conditions for payment of tax liability by compensation

Regulation on the procedure and conditions for payment of tax liability by compensation Pursuant to the Article 67 Paragraph 4 Point 1 of the Law on Tax Procedure and Tax Administration ("Official Gazette of the Republic of Serbia", reference number 80/2002, 84/2002 and 23/2003), Minister

More information

I BASIC PROVISIONS Scope of application Article 1.

I BASIC PROVISIONS Scope of application Article 1. I BASIC PROVISIONS Scope of application Article 1. This Law regulates foreign investment into companies and other forms of business establishments with the aim of profit gaining (hereinafter referred to

More information

CHAPTER I I. Formation of a limited liability company CHAPTER I. GENERAL PROVISIONS

CHAPTER I I. Formation of a limited liability company CHAPTER I. GENERAL PROVISIONS Law of the Republic of Kazakhstan dated April 22, 1998 220-I On limited liability companies and additional liability companies (with alterations and amendments as of 29.12.2014) CHAPTER I. General provisions

More information

Act on Mortgage Credit Banks 23.12.1999/1240. Chapter 1 General provisions. Section 1 Definition of a mortgage credit bank

Act on Mortgage Credit Banks 23.12.1999/1240. Chapter 1 General provisions. Section 1 Definition of a mortgage credit bank (Unofficial translation, amendments up to 645/2006 included) Act on Mortgage Credit Banks 23.12.1999/1240 Chapter 1 General provisions Section 1 Definition of a mortgage credit bank A mortgage credit bank

More information

Pursuant to Article 95, item 3 of the Constitution of Montenegro I hereby pass the ENACTMENT PROCLAIMING THE LAW ON BANKS

Pursuant to Article 95, item 3 of the Constitution of Montenegro I hereby pass the ENACTMENT PROCLAIMING THE LAW ON BANKS Pursuant to Article 95, item 3 of the Constitution of Montenegro I hereby pass the ENACTMENT PROCLAIMING THE LAW ON BANKS I hereby proclaim the Law on Banks, adopted by the Parliament of Montenegro at

More information

PAYMENT TRANSACTIONS ACT (PTA)

PAYMENT TRANSACTIONS ACT (PTA) PAYMENT TRANSACTIONS ACT (PTA) Published in the Official Gazette of the Republic of Slovenia No. 30 on 5 April 2002 All effort has been made to ensure the accuracy of this translation, which is based on

More information

Law on the Deposit Insurance Agency (Official Gazette of the Republic of Serbia, No. 14/2015) (Unofficial Translation)

Law on the Deposit Insurance Agency (Official Gazette of the Republic of Serbia, No. 14/2015) (Unofficial Translation) Law on the Deposit Insurance Agency (Official Gazette of the Republic of Serbia, No. 14/2015) (Unofficial Translation) I. GENERAL PROVISIONS Article 1 This Law governs the status, organization, powers

More information

I N S T R U C T I O N On Application of the Rules for Providing Loans Under Credit Lines and Loans to Unemployed Demobilized Soldiers

I N S T R U C T I O N On Application of the Rules for Providing Loans Under Credit Lines and Loans to Unemployed Demobilized Soldiers I N S T R U C T I O N On Application of the Rules for Providing Loans Under Credit Lines and Loans to Unemployed Demobilized Soldiers I. GENERAL PROVISION Article 1 The Instruction on Application of the

More information

(Informal Translation) Chapter One. General Provisions. 1- The deposit of securities with the Company or with any licensed entity;

(Informal Translation) Chapter One. General Provisions. 1- The deposit of securities with the Company or with any licensed entity; CAPITAL MARKET AUTHORITY (Informal Translation) Central Securities Depository and Registry Law No. 93 of 2000 Chapter One General Provisions Article 1 In this Law, the Company means a company licensed

More information

L A W ON AMENDMENTS TO THE LAW ON PENSION AND DISABILITY INSURANCE. Article 1

L A W ON AMENDMENTS TO THE LAW ON PENSION AND DISABILITY INSURANCE. Article 1 L A W ON AMENDMENTS TO THE LAW ON PENSION AND DISABILITY INSURANCE Article 1 In the Law on Pension and Disability Insurance (RS Official Gazette, nos. 34/03, 64/04 and 84/04), in Article 9, the words:

More information

Law. on the Government Debt. Chapter One General Provisions. Chapter Two Government Debt. Law on the Government Debt

Law. on the Government Debt. Chapter One General Provisions. Chapter Two Government Debt. Law on the Government Debt Law on the Government Debt 1 Law on the Government Debt (Issued by the 39th National Assembly on 17 September 2002; published in the Darjaven Vestnik, issue 93 of 1 October 2002; amended, issue 34 of 2005;

More information

HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA

HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA TABLE OF CONTENTS STARTING BUSINESS IN BOSNIA AND HERZEGOVINA...5 ESTABLISHEMENT OF BUSINES ENTITIES...5 Registration of business entity...5 Establishment

More information

7. LAW ON LOCAL SELF-GOVERNMENT FINANCING. Pursuant to Article 88 item 2 of the Constitution of the Republic of Montenegro, I hereby issue the

7. LAW ON LOCAL SELF-GOVERNMENT FINANCING. Pursuant to Article 88 item 2 of the Constitution of the Republic of Montenegro, I hereby issue the Pursuant to Article 88 item 2 of the Constitution of the Republic of Montenegro, I hereby issue the Decree Promulgating the Law on Local Self-Government Financing (Official Gazette of the Republic of Montenegro

More information

BANKRUPTCY LAW / INSOLVENCY LAW

BANKRUPTCY LAW / INSOLVENCY LAW LAW ON BANKRUPTCY PROCEEDINGS DRAFT JUNE 23, 2003 BANKRUPTCY LAW / INSOLVENCY LAW PART ONE: GENERAL PROVISIONS Scope of the Law... Article 1. Inability to Pay (Insolvency)... Article 2. Presumed Insolvency...

More information

Disclaimer Definitions account books articles capital charge floating charge debenture series of debentures document Official Receiver

Disclaimer Definitions account books articles capital charge floating charge debenture series of debentures document Official Receiver Disclaimer: The Following is an unofficial translation, and not necessarily an updated one. The binding version is the official Hebrew text. Readers are consequently advised to consult qualified professional

More information

R E P U B L I C O F A R M E N I A L A W

R E P U B L I C O F A R M E N I A L A W R E P U B L I C O F A R M E N I A L A W ON JOINT-STOCK COMPANIES - YEREVAN 2001-1 REPUBLIC OF ARMENIA LAW ON JOINT-STOCK COMPANIES CHAPTER I. GENERAL PROVISIONS Article 1. Objectives and Scope of Law 1.

More information

FACTORING LAW I. BASIC PROVISIONS II. DEFINITIONS

FACTORING LAW I. BASIC PROVISIONS II. DEFINITIONS FACTORING LAW I. BASIC PROVISIONS Article 1 This Law governs the concept and subjects of factoring; parties to factoring; conditions and manner of providing factoring services; types of factoring; rights

More information

This Decision has been written in Greek and translated in English, with Greek text prevailing over the English in case of any doubt.

This Decision has been written in Greek and translated in English, with Greek text prevailing over the English in case of any doubt. Payment of compensation to life insurance beneficiaries of an insurance undertaking whose authorisation has been withdrawn BANK OF GREECE THE CREDIT AND INSURANCE MATTERS COMMITTEE (Meeting 12/Item 3/13.7.2011)

More information

COMPANY LAW OF MONGOLIA CHAPTER 1 GENERAL PROVISIONS

COMPANY LAW OF MONGOLIA CHAPTER 1 GENERAL PROVISIONS COMPANY LAW OF MONGOLIA CHAPTER 1 GENERAL PROVISIONS Article 1. Purpose of the Law 97.1. The purpose of this Law is to regulate the establishment, registration and reorganization of a company, its management

More information

DEBT MANAGEMENT OFFICE (ESTABLISHMENT, ETC.) ACT

DEBT MANAGEMENT OFFICE (ESTABLISHMENT, ETC.) ACT DEBT MANAGEMENT OFFICE (ESTABLISHMENT, ETC.) ACT ARRANGEMENT OF SECTIONS PART I Preliminary SECTION 1. Short title. 2. Commencement. 3. Interpretation. PART II Establishment of the Debt Management Office,

More information

Legal Supplement Part A to the Trinidad and Tobago Gazette, Vol. 38, No. 79, 30th April, 1999

Legal Supplement Part A to the Trinidad and Tobago Gazette, Vol. 38, No. 79, 30th April, 1999 Legal Supplement Part A to the Trinidad and Tobago Gazette, Vol. 38, No. 79, 30th April, 1999 Fourth Session Fifth Parliament Republic of Trinidad and Tobago REPUBLIC OF TRINIDAD AND TOBAGO Act No. 9 of

More information

NOTE - This document is provided for guidance only and does not purport to be a legal interpretation. PERSONAL INSOLVENCY ACT 2012

NOTE - This document is provided for guidance only and does not purport to be a legal interpretation. PERSONAL INSOLVENCY ACT 2012 Background to and purpose of the Act PERSONAL INSOLVENCY ACT 2012 EXPLANATORY MEMORANDUM The Act provides for the reform of personal insolvency law and will introduce the following new non-judicial debt

More information

LAW ON PROVIDING FAST MONEY TRANSFER SERVICES (unofficial fair copy) 1 I. GENERAL PROVISIONS

LAW ON PROVIDING FAST MONEY TRANSFER SERVICES (unofficial fair copy) 1 I. GENERAL PROVISIONS LAW ON PROVIDING FAST MONEY TRANSFER SERVICES (unofficial fair copy) 1 I. GENERAL PROVISIONS Article 1 This Law shall regulate the manner and the terms and conditions for providing fast money transfer

More information

Home Savings Act. The Slovak National Council has approved the following Act: P A R T O N E. Basic Provisions. Article 1

Home Savings Act. The Slovak National Council has approved the following Act: P A R T O N E. Basic Provisions. Article 1 Home Savings Act The full wording of Act of the National Council of the Slovak Republic No. 310/1992 Coll. of 6 May 1991, Home Savings Act, as amended by Act of the National Council of the Slovak Republic

More information

Azerbaijan Law on Mortgage (adopted on 3 July, 1998; entered into force on 19 August 1998)

Azerbaijan Law on Mortgage (adopted on 3 July, 1998; entered into force on 19 August 1998) Azerbaijan Law on Mortgage (adopted on 3 July, 1998; entered into force on 19 August 1998) This English Translation has been generously provided by VneshExpertService. VneshExpertService Important Disclaimer

More information

Act on Investment Firms 26.7.1996/579

Act on Investment Firms 26.7.1996/579 Please note: This is an unofficial translation. Amendments up to 135/2007 included, May 2007. Act on Investment Firms 26.7.1996/579 CHAPTER 1 General provisions Section 1 Scope of application This Act

More information

LAW ON ACCOUNTING AND AUDITING. ("Official Herald of the Republic of Serbia", Nos. 46/2006, 111/2009 and 99/ other law) I BASIC PROVISIONS

LAW ON ACCOUNTING AND AUDITING. (Official Herald of the Republic of Serbia, Nos. 46/2006, 111/2009 and 99/ other law) I BASIC PROVISIONS LAW ON ACCOUNTING AND AUDITING ("Official Herald of the Republic of Serbia", Nos. 46/2006, 111/2009 and 99/2011 - other law) I BASIC PROVISIONS 1. The Scope of Regulation and Application Article 1 The

More information

GLOBAL FORUM ON LAW, JUSTICE AND DEVELOPMENT (GFLJD) COMMUNITY OF PRACTICE QUESTIONNAIRE ON INSOLVENCY LAW AND COMPANY LAW

GLOBAL FORUM ON LAW, JUSTICE AND DEVELOPMENT (GFLJD) COMMUNITY OF PRACTICE QUESTIONNAIRE ON INSOLVENCY LAW AND COMPANY LAW GLOBAL FORUM ON LAW, JUSTICE AND DEVELOPMENT (GFLJD) COMMUNITY OF PRACTICE QUESTIONNAIRE ON INSOLVENCY LAW AND COMPANY LAW I. Introductory questions on the insolvency procedures available in the relevant

More information

EARLY CHILDHOOD CARE AND EDUCATION AUTHORITY ACT 2007. Government Gazette of Mauritius No. 119 of 22 December 2007. I assent ARRANGEMENT OF SECTIONS

EARLY CHILDHOOD CARE AND EDUCATION AUTHORITY ACT 2007. Government Gazette of Mauritius No. 119 of 22 December 2007. I assent ARRANGEMENT OF SECTIONS EARLY CHILDHOOD CARE AND EDUCATION AUTHORITY ACT 2007 Act No. 21 of 2007 Proclaimed by [Proclamation No. 6 of 2008] w.e.f. 16 th June 2008 Government Gazette of Mauritius No. 119 of 22 December 2007 I

More information

VICTIMS RESTITUTION AND COMPENSATION PAYMENT ACT

VICTIMS RESTITUTION AND COMPENSATION PAYMENT ACT Province of Alberta VICTIMS RESTITUTION AND COMPENSATION Statutes of Alberta, Current as of December 17, 2014 Office Consolidation Published by Alberta Queen s Printer Alberta Queen s Printer 7 th Floor,

More information

CHAPTER 13:01 PUBLIC TRUSTEE ACT ARRANGEMENT OF SECTIONS. 3. Office. 4. Official Receiver to be Public Trustee till other appointment made.

CHAPTER 13:01 PUBLIC TRUSTEE ACT ARRANGEMENT OF SECTIONS. 3. Office. 4. Official Receiver to be Public Trustee till other appointment made. LAWS OF GUYANA 3 CHAPTER 13:01 PUBLIC TRUSTEE ACT ARRANGEMENT OF SECTIONS SECTION 1. Short title. 2. Interpretation. APPOINTMENT OF PUBLIC TRUSTEE 3. Office. 4. Official Receiver to be till other appointment

More information

Act on Guaranties and Third-Party Pledges

Act on Guaranties and Third-Party Pledges NB: Unofficial translation Ministry of Justice, Finland Act on Guaranties and Third-Party Pledges (361/1999) Chapter 1 General provisions Section 1 Scope of application and mandatory provisions (1) This

More information

NATIONAL ACCREDITATION AND EQUIVALENCY COUNCIL CHAPTER 47A NATIONAL ACCREDITATION AND EQUIVALENCY COUNCIL ARRANGEMENT OF SECTIONS PART I - PRELIMINARY

NATIONAL ACCREDITATION AND EQUIVALENCY COUNCIL CHAPTER 47A NATIONAL ACCREDITATION AND EQUIVALENCY COUNCIL ARRANGEMENT OF SECTIONS PART I - PRELIMINARY [CH.47A 1 CHAPTER 47A LIST OF AUTHORISED PAGES 1-15 SECTION ARRANGEMENT OF SECTIONS PART I - PRELIMINARY 1. Short title. 2. Interpretation and application of Act. PART II - THE NATIONAL ACCREDITATION COUNCIL

More information

Convenience Translation the German version is the only legally binding version. Articles of Association. Linde Aktiengesellschaft.

Convenience Translation the German version is the only legally binding version. Articles of Association. Linde Aktiengesellschaft. Convenience Translation the German version is the only legally binding version Articles of Association Linde Aktiengesellschaft Munich 9 March 2015 Page 1 of 12 I. General Rules 1. Company Name, Principal

More information

REPUBLIC OF BULGARIA NATIONAL ASSEMBLY TAX PROCEDURE ACT. Promulgated State Gazette No. 61/16.07.1993. Amended SG No. 20/1996.

REPUBLIC OF BULGARIA NATIONAL ASSEMBLY TAX PROCEDURE ACT. Promulgated State Gazette No. 61/16.07.1993. Amended SG No. 20/1996. REPUBLIC OF BULGARIA NATIONAL ASSEMBLY TAX PROCEDURE ACT Promulgated State Gazette No. 61/16.07.1993 Amended SG No. 20/1996 Chapter One GENERAL PROVISIONS Article 1 This Act shall regulate the tax registration

More information

BANKRUPTCY CHAPTER 13 (aka ABill Consolidation@ or AReorganization@)

BANKRUPTCY CHAPTER 13 (aka ABill Consolidation@ or AReorganization@) BANKRUPTCY CHAPTER 13 (aka ABill Consolidation@ or AReorganization@) ANSWERS TO THE MOST COMMONLY ASKED QUESTIONS Compliments of: Sam C. Gregory, PLLC 2742 82 nd Street Lubbock, Texas 79423 (806) 687-4357

More information

RS Official Gazette, Nos 31/2012, 71/2013, 98/2013 and 125/2014

RS Official Gazette, Nos 31/2012, 71/2013, 98/2013 and 125/2014 Based on Article 14, paragraph 1, item 9 and Article 34, item 9 of the Law on the National Bank of Serbia (RS Official Gazette, Nos 72/2003, 55/2004 and 44/2010), and Article 27, paragraph 2 of the Law

More information

Registration of Credit Institutions and the Licensing of Banking Activities

Registration of Credit Institutions and the Licensing of Banking Activities Registration of Credit Institutions and the Licensing of Banking Activities The procedures for registering credit institutions and licensing banking operations, verifying the legitimacy of shareholding

More information

The Limited Partnership Bill, 2010 THE LIMITED LIABILITY PARTNERSHIP BILL 2010 ARRANGEMENT OF CLAUSES PART I PRELIMINARY. Clause

The Limited Partnership Bill, 2010 THE LIMITED LIABILITY PARTNERSHIP BILL 2010 ARRANGEMENT OF CLAUSES PART I PRELIMINARY. Clause THE LIMITED LIABILITY PARTNERSHIP BILL 2010 ARRANGEMENT OF CLAUSES 1 Short title and commencement. 2 Interpretation. PART I PRELIMINARY Clause PART II REGISTRAR AND REGISTRAR OF LIMITED LIABILITY PARTNERSHIPS

More information

NC General Statutes - Chapter 58 Article 5 1

NC General Statutes - Chapter 58 Article 5 1 Article 5. Deposits and Bonds by Insurance Companies. 58-5-1. Deposits; use of master trust. Notwithstanding any other provision of law, the Commissioner is authorized to select a bank or trust company

More information

BE IT ENACTED by the Queen s Most Excellent Majesty, by

BE IT ENACTED by the Queen s Most Excellent Majesty, by At a Tynwald held in Douglas, Isle of Man, the 21st day of October in the fifty-seventh year of the reign of our Sovereign Lady ELIZABETH THE SECOND by the Grace of God of the United Kingdom of Great Britain

More information

ON CIRCULATION OF CREDIT INFORMATION AND ACTIVITIES OF CREDIT BUREAUS THE REPUBLIC OF ARMENIA LAW

ON CIRCULATION OF CREDIT INFORMATION AND ACTIVITIES OF CREDIT BUREAUS THE REPUBLIC OF ARMENIA LAW THE REPUBLIC OF ARMENIA LAW ON CIRCULATION OF CREDIT INFORMATION AND ACTIVITIES OF CREDIT BUREAUS Adopted October 22, 2008 Article 1. Subject of Law CHAPTER 1 GENERAL PROVISIONS 1. This law regulates terms

More information

LAW OF THE REPUBLIC OF KAZAKHSTAN ON LIMITED LIABILITY PARTNERSHIPS AND ADDITIONAL LIABILITY PARTNERSHIPS OF APRIL 22, 1998 N

LAW OF THE REPUBLIC OF KAZAKHSTAN ON LIMITED LIABILITY PARTNERSHIPS AND ADDITIONAL LIABILITY PARTNERSHIPS OF APRIL 22, 1998 N LAW OF THE REPUBLIC OF KAZAKHSTAN ON LIMITED LIABILITY PARTNERSHIPS AND ADDITIONAL LIABILITY PARTNERSHIPS OF APRIL 22, 1998 N 220-1 (with amendments and additions as of August 7, 2007) CHAPTER I. GENERAL

More information

REGULATION ON MERGER, ACQUISITION, DIVISION AND CHANGES IN SHARES OF BANKS (Published in Official Gazette dated November 1, 2006 Nr.

REGULATION ON MERGER, ACQUISITION, DIVISION AND CHANGES IN SHARES OF BANKS (Published in Official Gazette dated November 1, 2006 Nr. By the Banking Regulation and Supervision Agency: REGULATION ON MERGER, ACQUISITION, DIVISION AND CHANGES IN SHARES OF BANKS (Published in Official Gazette dated November 1, 2006 Nr. 26333) Objective PART

More information

ORDER to promulgate the Act on Prevention of Late Payment (ZPreZP)

ORDER to promulgate the Act on Prevention of Late Payment (ZPreZP) Legal notice All effort has been made to ensure the accuracy of this translation, which is based on the original Slovenian text. All translations of this kind may, nevertheless, be subject to a certain

More information

Memorandum and Articles of Association

Memorandum and Articles of Association Aareal Bank AG Wiesbaden Memorandum and Articles of Association In accordance with the resolutions passed by the General Meeting on 20 May 2015 (version lodged with the Commercial Register of the Wiesbaden

More information

RESTATED ARTICLES OF INCORPORATION NEXTERA ENERGY, INC. ARTICLE I. Name ARTICLE II. Purpose

RESTATED ARTICLES OF INCORPORATION NEXTERA ENERGY, INC. ARTICLE I. Name ARTICLE II. Purpose RESTATED ARTICLES OF INCORPORATION OF NEXTERA ENERGY, INC. ARTICLE I Name The name of the Corporation is NextEra Energy, Inc. ARTICLE II Purpose The purpose for which the Corporation is organized is the

More information

CLEANSED TEXT OF THE LAW ON THE POLICY OF FOREIGN DIRECT INVESTMENT IN BOSNIA AND HERZEGOVINA

CLEANSED TEXT OF THE LAW ON THE POLICY OF FOREIGN DIRECT INVESTMENT IN BOSNIA AND HERZEGOVINA CLEANSED TEXT OF THE LAW ON THE POLICY OF FOREIGN DIRECT INVESTMENT IN BOSNIA AND HERZEGOVINA (This text includes original Law on the Policy of Foreign Direct Investment in Bosnia and Herzegovina, Official

More information

Overview of the English law administration procedure and practical guidance for creditors

Overview of the English law administration procedure and practical guidance for creditors Overview of the English law administration procedure and practical guidance for creditors Set out below is an overview of the administration procedure, together with some practical guidance on the steps

More information

INTERPRETATION NOTE: NO. 64. DATE: 22 February 2012

INTERPRETATION NOTE: NO. 64. DATE: 22 February 2012 INTERPRETATION NOTE: NO. 64 DATE: 22 February 2012 ACT : INCOME TAX ACT NO. 58 OF 1962 (the Act) SECTION : SECTION 10(1)(e) SUBJECT : INCOME TAX EXEMPTION: BODIES CORPORATE ESTABLISHED UNDER THE SECTIONAL

More information

Government Debt Act. Chapter One GENERAL PROVISIONS. Chapter Two GOVERNMENT DEBT

Government Debt Act. Chapter One GENERAL PROVISIONS. Chapter Two GOVERNMENT DEBT Government Debt Act Promulgated, State Gazette No. 93/1.10.2002, amended SG No. 34/19.04.2005, effective 1.06.2005, amended and supplemented, SG No. 52/29.06.2007, effective 1.11.2007, SG No. 23/27.03.2009,

More information

LAW ON THE PROTECTOR OF HUMAN RIGHTS AND FREEDOMS

LAW ON THE PROTECTOR OF HUMAN RIGHTS AND FREEDOMS LAW ON THE PROTECTOR OF HUMAN RIGHTS AND FREEDOMS Podgorica, July 2003 LAW ON THE PROTECTOR OF HUMAN RIGHTS AND FREEDOMS I BASIC PROVISIONS Article 1 Establishing the Protector of Human Rights and Freedoms

More information

2 Be it enacted by the People of the State of Illinois, 4 Section 1. Short title. This Act may be cited as the

2 Be it enacted by the People of the State of Illinois, 4 Section 1. Short title. This Act may be cited as the SB49 Enrolled LRB9201970MWcd 1 AN ACT concerning home mortgages. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 1. Short title. This Act may be

More information

LAW ON FOREIGN CURRENCY TRANSACTIONS. ( Official Herald of the Republic of Serbia, Nos. 62/2006 and 31/2011) I GENERAL PROVISIONS

LAW ON FOREIGN CURRENCY TRANSACTIONS. ( Official Herald of the Republic of Serbia, Nos. 62/2006 and 31/2011) I GENERAL PROVISIONS LAW ON FOREIGN CURRENCY TRANSACTIONS ( Official Herald of the Republic of Serbia, Nos. 62/2006 and 31/2011) The present Law shall govern: I GENERAL PROVISIONS Article 1 1) payments, collections and transfers

More information

English Translation of Finance Companies Control Law

English Translation of Finance Companies Control Law English Translation of Finance Companies Control Law Article 1 Introductory Chapter Definitions The following terms and phrases wherever mentioned in this Law shall have the meanings assigned thereto unless

More information

RULES FOR PROVIDING PAYMENT SERVICES AND MANAGEMENT OF BANK ACCOUNT AND PAYMENT CARD ACCOUNT

RULES FOR PROVIDING PAYMENT SERVICES AND MANAGEMENT OF BANK ACCOUNT AND PAYMENT CARD ACCOUNT RULES FOR PROVIDING PAYMENT SERVICES AND MANAGEMENT OF BANK ACCOUNT AND PAYMENT CARD ACCOUNT Valid from 19 April 2015 1. INTRODUCTION 1.1. The Rules for Providing Payment Services and Management of Bank

More information

REDGATE ASSET MANAGEMENT AS ARTICLES OF ASSOCIATION 1. BUSINESS NAME AND DOMICILE OF LIMITED COMPANY

REDGATE ASSET MANAGEMENT AS ARTICLES OF ASSOCIATION 1. BUSINESS NAME AND DOMICILE OF LIMITED COMPANY REDGATE ASSET MANAGEMENT AS ARTICLES OF ASSOCIATION 1. BUSINESS NAME AND DOMICILE OF LIMITED COMPANY 1.1. Business name of the limited company (hereinafter Company ) shall be REDGATE ASSET MANAGEMENT AS.

More information

IN THE UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF MISSOURI

IN THE UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF MISSOURI MOW 2016-1.4 (5/22/07) IN THE UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF MISSOURI IN RE: ) ) ) Case No. ) ) Debtors. ) RIGHTS AND RESPONSIBILITIES AGREEMENT BETWEEN CHAPTER 13 DEBTORS AND

More information

SRI LANKA EXPORT CREDIT INSURANCE CORPORATION [Cap. 333

SRI LANKA EXPORT CREDIT INSURANCE CORPORATION [Cap. 333 [Cap. 333 CHAPTER 333 Act AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF THE SRI LANKA EXPORT CREDIT No. 15 of 1978. INSURANCE CORPORATION AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO. Short title.

More information

LAW ON PLEDGE OF MOVABLE ASSETS REGISTERED IN THE PLEDGE REGISTRY I. GENERAL PROVISIONS

LAW ON PLEDGE OF MOVABLE ASSETS REGISTERED IN THE PLEDGE REGISTRY I. GENERAL PROVISIONS LAW ON PLEDGE OF MOVABLE ASSETS REGISTERED IN THE PLEDGE REGISTRY (Published in the Official Gazette of the Republic of Serbia No. 57/03, 61/05, 64/06) I. GENERAL PROVISIONS Subject Matter of the Law Art.

More information

DISTRICT OF COLUMBIA OFFICIAL CODE 2001 EDITION DIVISION II. JUDICIARY AND JUDICIAL PROCEDURE TITLE 16. PARTICULAR ACTIONS, PROCEEDINGS AND MATTERS.

DISTRICT OF COLUMBIA OFFICIAL CODE 2001 EDITION DIVISION II. JUDICIARY AND JUDICIAL PROCEDURE TITLE 16. PARTICULAR ACTIONS, PROCEEDINGS AND MATTERS. DISTRICT OF COLUMBIA OFFICIAL CODE 2001 EDITION DIVISION II. JUDICIARY AND JUDICIAL PROCEDURE TITLE 16. PARTICULAR ACTIONS, PROCEEDINGS AND MATTERS. CHAPTER 5. ATTACHMENT AND GARNISHMENT. SUBCHAPTER III.

More information

12 Business Information (Green Sheet)

12 Business Information (Green Sheet) Give us COPIES only Clips only - NO STAPLES 12 Business Information (Green Sheet) If you are self-employed, or if you have had income for which you do not receive a W-2, please provide the following: A.

More information

REPUBLIC OF ARMENIA LAW ON CREDIT ORGANIZATIONS CHAPTER 1 GENERAL PROVISIONS

REPUBLIC OF ARMENIA LAW ON CREDIT ORGANIZATIONS CHAPTER 1 GENERAL PROVISIONS REPUBLIC OF ARMENIA LAW ON CREDIT ORGANIZATIONS CHAPTER 1 GENERAL PROVISIONS ARTICLE 1. Subject Matter of the Law This Law shall govern the licensing procedure, regulation and supervision of activities

More information

NIGERIAN INSTITUTE OF ADVANCED LEGAL STUDIES INTERNAL MEMO. Date: 28 th May 2011 PROPOSED ROAD ACCIDENT VICTIMS COMPENSATION BILL

NIGERIAN INSTITUTE OF ADVANCED LEGAL STUDIES INTERNAL MEMO. Date: 28 th May 2011 PROPOSED ROAD ACCIDENT VICTIMS COMPENSATION BILL NIGERIAN INSTITUTE OF ADVANCED LEGAL STUDIES INTERNAL MEMO From: Dr. Francisca E. Nlerum To: Director-General Peter Anyebe Gozie Ebo Date: 28 th May 2011 PROPOSED ROAD ACCIDENT VICTIMS COMPENSATION BILL

More information

OF THE REPUBLIC OF ARMENIA ON LIMITED LIABILITY COMPANIES

OF THE REPUBLIC OF ARMENIA ON LIMITED LIABILITY COMPANIES LAW OF THE REPUBLIC OF ARMENIA Adopted on October 24, 2001 CHAPTER 1. GENERAL PROVISIONS Article 1. Scope of the Law This law regulates the legal relationships arising from establishment, activity, reorganization

More information

STUDENT LOAN INFORMATION

STUDENT LOAN INFORMATION STUDENT LOAN INFORMATION 1. Data of the creditor Creditor Address Activity licence Telephone number E-mail Fax number Web address Membership in associations Supervisory authority Swedbank AS, registered

More information

November 12, 2002 Fair Trade Commission

November 12, 2002 Fair Trade Commission GUIDELINES CONCERNING AUTHORIZATION OF ACQUISITION AND HOLDING OF VOTING RIGHTS BY BANKING AND INSURANCE COMPANIES UNDER THE PROVISIONS OF SECTION 11 OF THE ANTIMONOPOLY ACT November 12, 2002 Fair Trade

More information

DECISION ON TEMPORARY MEASURES FOR RESCHEDULING LOAN OBLIGATIONS OF PHYSICAL AND LEGAL PERSONS BY BANKS. Article 1

DECISION ON TEMPORARY MEASURES FOR RESCHEDULING LOAN OBLIGATIONS OF PHYSICAL AND LEGAL PERSONS BY BANKS. Article 1 Based on Article 4, 10, and 25 of the Law on Banking Agency of Republika Srpska Revised Text (Official Gazette of Republika Srpska No. 67/07) and Article 86 of the Law on Banks of Republika Srpska ( Official

More information

Code of Practice - Disposal of Bank Assets

Code of Practice - Disposal of Bank Assets Code of Practice - Disposal of Bank Assets The Code of Practice was first approved by the Minister of Finance on the 5 th July 2010, with this updated version approved by the Minister for Finance on the

More information

DECISION PROMULGATING THE ACT ON AMENDMENTS TO THE ACT ON PENSION INSURANCE COMPANIES AND PAYMENT OF PENSIONS BASED ON INDIVIDUAL CAPITALISED SAVINGS

DECISION PROMULGATING THE ACT ON AMENDMENTS TO THE ACT ON PENSION INSURANCE COMPANIES AND PAYMENT OF PENSIONS BASED ON INDIVIDUAL CAPITALISED SAVINGS Pursuant to Article 89 of the Constitution of the Republic of Croatia, I hereby issue the DECISION PROMULGATING THE ACT ON AMENDMENTS TO THE ACT ON PENSION INSURANCE COMPANIES AND PAYMENT OF PENSIONS BASED

More information

IDENTIFY THE CHANCES SHAPE THE FUTURE

IDENTIFY THE CHANCES SHAPE THE FUTURE Status: june 2015 Complete text of Memorandum and Articles of Association of DMG MORI Aktiengesellschaft Bielefeld IDENTIFY THE CHANCES SHAPE THE FUTURE 1 (1) The Company exists under the name DMG MORI

More information

TSANTSABANE MUNICIPALITY BAD DEBT WRITE-OFF POLICY. DATED 30 JUNE 2014 (Reviewed 28 May 2015) Tsantsabane Municipality Council Meeting 30 June 2014 1

TSANTSABANE MUNICIPALITY BAD DEBT WRITE-OFF POLICY. DATED 30 JUNE 2014 (Reviewed 28 May 2015) Tsantsabane Municipality Council Meeting 30 June 2014 1 TSANTSABANE MUNICIPALITY BAD DEBT WRITE-OFF POLICY DATED 30 JUNE 2014 (Reviewed 28 May 2015) Tsantsabane Municipality Council Meeting 30 June 2014 1 INDEX Page Contents 1. DEFINITIONS... 3 2. PURPOSE OF

More information

LAW ON TAX PROCEDURE AND TAX ADMINISTRATION Slujhbeni Glasnik Respublike Srbije, [Official Gazette of the Republic of Serbia], Nov. 26, 2002.

LAW ON TAX PROCEDURE AND TAX ADMINISTRATION Slujhbeni Glasnik Respublike Srbije, [Official Gazette of the Republic of Serbia], Nov. 26, 2002. Republic of Serbia Ministry of Finance and Economy LAW ON TAX PROCEDURE AND TAX ADMINISTRATION Slujhbeni Glasnik Respublike Srbije, [Official Gazette of the Republic of Serbia], Nov. 6, 00. LAW ON TAX

More information

LAW ON MANDATORY SOCIAL SECURITY INSURANCE CONTRIBUTIONS

LAW ON MANDATORY SOCIAL SECURITY INSURANCE CONTRIBUTIONS LAW ON MANDATORY SOCIAL SECURITY INSURANCE CONTRIBUTIONS (the Official Gazette no. 84/04, 61/05, 62/06 and 5 / 09) Revised text ended with the Amendments from the Official Gazette of the Republic of Serbia

More information

ct A Insolvency Act Insolvency ISBN 978-80-7357-681-3

ct A Insolvency Act Insolvency ISBN 978-80-7357-681-3 Insolvency Act Insolvency Act Insolvency Act Example of quotation: Insolvency Act. Prague : Wolters Kluwer ČR, a. s., 2011, p. 216. Legal state of the publication as of 31 th August 2011. Updated version

More information

KAZAKHSTAN LAW ON JOINT STOCK COMPANIES

KAZAKHSTAN LAW ON JOINT STOCK COMPANIES KAZAKHSTAN LAW ON JOINT STOCK COMPANIES Important Disclaimer This does not constitute an official translation and the translator and the EBRD cannot be held responsible for any inaccuracy or omission in

More information

INSURANCE. www.advokatskafirmasajic.com

INSURANCE. www.advokatskafirmasajic.com INSURANCE www.advokatskafirmasajic.com Law Firm Sajić is established in a form of a partnership in 2003. With six attorneys and ten expert associates and trainees is the largest law firm in the Republic

More information

DECISION ON THE METHOD OF VALUATION OF ASSETS FOR INSURANCE COMPANIES

DECISION ON THE METHOD OF VALUATION OF ASSETS FOR INSURANCE COMPANIES Pursuant to Articles 89 and 177 item 4 of the Law on Insurance (Official Gazette of the Republic of Montenegro 78/06 and 19/07) and Article 6 of the Rulebook on the Manner of Determining and Monitoring

More information

THE WORLD BANK GLOBAL JUDGES FORUM COMMERCIAL ENFORCEMENT AND INSOLVENCY SYSTEMS COUNTRY: FINLAND. By Pauliine Koskelo TABLE OF CONTENTS

THE WORLD BANK GLOBAL JUDGES FORUM COMMERCIAL ENFORCEMENT AND INSOLVENCY SYSTEMS COUNTRY: FINLAND. By Pauliine Koskelo TABLE OF CONTENTS THE WORLD BANK GLOBAL JUDGES FORUM COMMERCIAL ENFORCEMENT AND INSOLVENCY SYSTEMS 19-23 MAY 2003 PEPPERDINE UNIVERSITY SCHOOL OF LAW MALIBU, CALIFORNIA COUNTRY: FINLAND By Pauliine Koskelo TABLE OF CONTENTS

More information

Corporation Law of Panama Law 32 of February 26, 1927 CHAPTER I INCORPORATION

Corporation Law of Panama Law 32 of February 26, 1927 CHAPTER I INCORPORATION Corporation Law of Panama Law 32 of February 26, 1927 CHAPTER I INCORPORATION Article 1. Two or more persons of lawful age, of any nationality even though not domiciled in the Republic of Panama, may,

More information

12 Business Information (Green Sheet)

12 Business Information (Green Sheet) Give us COPIES only Clips only - NO STAPLES 12 Business Information (Green Sheet) If you are self-employed, or if you have had income for which you do not receive a W-2, please provide the following: A.

More information

Letter of Intent for Acquisition Purchase of Stock of the Business for a Combination of Cash and Purchaser s Stock (Pro-Buyer Oriented)

Letter of Intent for Acquisition Purchase of Stock of the Business for a Combination of Cash and Purchaser s Stock (Pro-Buyer Oriented) Form: Letter of Intent for Acquisition Purchase of Stock of the Business for a Combination of Cash and Purchaser s Stock (Pro-Buyer Oriented) Description: This is a sample Letter of Intent for the acquisition

More information

PEPCO HOLDINGS, INC. EXECUTIVE PERFORMANCE SUPPLEMENTAL RETIREMENT PLAN

PEPCO HOLDINGS, INC. EXECUTIVE PERFORMANCE SUPPLEMENTAL RETIREMENT PLAN PEPCO HOLDINGS, INC. EXECUTIVE PERFORMANCE SUPPLEMENTAL RETIREMENT PLAN The Potomac Electric Power Company Executive Performance Supplemental Retirement Plan (the "Pepco plan") was established, effective

More information

INTERNATIONAL COLLECTIVE INVESTMENT SCHEMES LAW

INTERNATIONAL COLLECTIVE INVESTMENT SCHEMES LAW REPUBLIC OF CYPRUS INTERNATIONAL COLLECTIVE INVESTMENT SCHEMES LAW (No 47(I) of 1999) English translation prepared by The Central Bank of Cyprus ARRANGEMENT OF SECTIONS PART I PRELIMINARY AND GENERAL Section

More information

OREGON BUSINESS DEVELOPMENT DEPARTMENT CREDIT ENHANCEMENT FUND INSURANCE PROGRAM LOAN INSURANCE AGREEMENT

OREGON BUSINESS DEVELOPMENT DEPARTMENT CREDIT ENHANCEMENT FUND INSURANCE PROGRAM LOAN INSURANCE AGREEMENT OREGON BUSINESS DEVELOPMENT DEPARTMENT CREDIT ENHANCEMENT FUND INSURANCE PROGRAM LOAN INSURANCE AGREEMENT In consideration of the mutual undertakings set forth in this Agreement, ("Lender") and the State

More information

[Insert graphic] COMPANIES (INSOLVENCY AND RECEIVERSHIP) ACT 2009 (NO. 2 OF 2009)

[Insert graphic] COMPANIES (INSOLVENCY AND RECEIVERSHIP) ACT 2009 (NO. 2 OF 2009) [Insert graphic] COMPANIES (INSOLVENCY AND RECEIVERSHIP) ACT 2009 (NO. 2 OF 2009) 3 [Insert graphic] COMPANIES (INSOLVENCY AND RECEIVERSHIP) ACT 2009 (NO. 2 OF 2009) PASSED by the National Parliament

More information

Government Gazette REPUBLIC OF SOUTH AFRICA. Vol. 438 Cape Town 7 December 2001 No. 22913

Government Gazette REPUBLIC OF SOUTH AFRICA. Vol. 438 Cape Town 7 December 2001 No. 22913 Government Gazette REPUBLIC OF SOUTH AFRICA Vol. 438 Cape Town 7 December 2001 No. 22913 THE PRESIDENCY No. 1314 7 December 2001 It is hereby notified that the President has assented to the following Act,

More information

M I N I S T R Y O F T R E A S U R Y

M I N I S T R Y O F T R E A S U R Y M I N I S T R Y O F T R E A S U R Y DETAILED INFORMATION CONCERNING THE PROCEDURE ON THE DISPOSAL OF SHARES OF POLSKA ŻEGLUGA BAŁTYCKA S.A. WITH ITS REGISTERED OFFICE IN KOŁOBRZEG This document refers

More information

RS Official Gazette, No 38/2015

RS Official Gazette, No 38/2015 RS Official Gazette, No 38/2015 Pursuant to Article 92, paragraphs 4 and 5, and Article 105, paragraphs 4 and 5 of the Law on Insurance (RS Official Gazette, No 139/2014) and Article 15, paragraph 1 of

More information

New York Certificate of Merger Section 907

New York Certificate of Merger Section 907 New York Certificate Merger Section 907 Document 1394A www.leaplaw.com Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc. nor any o f he t providers

More information

STOCK SUBSCRIPTION OPTION PLAN OF SANOFI RULES OF THE PLAN 14 P 1. BENEFICIARIES... 2 2. DURATION OF THE PLAN... 2 3. EXERCISE PRICE...

STOCK SUBSCRIPTION OPTION PLAN OF SANOFI RULES OF THE PLAN 14 P 1. BENEFICIARIES... 2 2. DURATION OF THE PLAN... 2 3. EXERCISE PRICE... 24 June 2015 STOCK SUBSCRIPTION OPTION PLAN OF SANOFI RULES OF THE PLAN 14 P 1. BENEFICIARIES... 2 2. DURATION OF THE PLAN... 2 3. EXERCISE PRICE... 2 4. EXERCISE CONDITIONS... 2 5. TRANSFER OF SHARES...

More information

Corporate and Business Law (CHN) (F4) December 2015

Corporate and Business Law (CHN) (F4) December 2015 Corporate and Business Law (CHN) (F4) December 2015 This syllabus and study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination

More information

957.1. Federal Act. Intermediated securities. (Federal Intermediated Securities Act, FISA) Chapter 1: Purpose, Scope and Definitions

957.1. Federal Act. Intermediated securities. (Federal Intermediated Securities Act, FISA) Chapter 1: Purpose, Scope and Definitions English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force. Federal Act on Intermediated Securities (Federal Intermediated

More information

SARS COMMISSIONER MAY NOW WRITE OFF OR

SARS COMMISSIONER MAY NOW WRITE OFF OR LANGA ATTORNEYS Business Brief SARS COMMISSIONER MAY NOW WRITE OFF OR COMPROMISE TAX DEBT Extending the room to negotiate Introduction On 13 April 2007, the Minister of Finance issued regulations by Government

More information

MOOKGOPHONG LOCAL MUNICIPALITY BAD DEBTS AND WRITE-OFF POLICY

MOOKGOPHONG LOCAL MUNICIPALITY BAD DEBTS AND WRITE-OFF POLICY MOOKGOPHONG LOCAL MUNICIPALITY BAD DEBTS AND WRITE-OFF POLICY FOR THE YEAR 2013 / 2014 1 1. DEFINITIONS For the purposes of this policy the following definitions are applicable: Debt - means an amount

More information

This compilation was prepared on 1 July 2006 taking into account amendments up to Act No. 34 of 2006

This compilation was prepared on 1 July 2006 taking into account amendments up to Act No. 34 of 2006 Bankruptcy Act 1966 Act No. 33 of 1966 as amended This compilation was prepared on 1 July 2006 taking into account amendments up to Act No. 34 of 2006 Volume 2 includes: Table of Contents Sections 154A

More information