Trofin & Asociatii secured a Eur 2 million award for a Romanian Contractor

The dispute arose under a Yellow Fidic Conditions of Contract between the general contractor headquartered in Frankfurt am Main, Germany and a Romanian subcontractor, the latter being represented in front all Romanian courts by Trofin & Asociatii. The Accepted Contract Amount was exceeding Eur 9 Million. The dispute was referred to Romanian courts by the subcontractor. The subcontractor claimed unpaid works, the value of several variations orders including design works, retention money and delay penalties. The case was a complex one, a variety of evidence was administrated, such as cross-examination, written documentation and three complex technical reports.

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  • by VLPlus

New Act for suppliers of the public sector in Slovakia

The National Council of Slovak republic approved a new Anti-Letterbox-Company Act No. 315/2016 Coll. on Register of Public Sector Partners (hereinafter referred to as the "Act on Register of Public Sector Partners " or "the Act"), whose purpose is to stipulate the legal definition of the requirements for a natural person and legal entity with which the state or the public law entities enter into legal relationships, alternatively where third parties accept payments from the state at the statutory level. Within this article, we provide a brief preview of the issue regulated by the Act on Register of Public Sector Partners.

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  • by VLPlus

Stock exchange for SMEs to kick off soon in Hungary

Last autumn, the Budapest Stock Exchange (BÉT) launched Xtend, an alternative trading platform to help financing mid-size enterprises. The project is in progress, BÉT is now monitoring companies whose shares will be traded with expectedly from Q4. We summarized what are the legal and financial conditions for companies to enter this alternative stock exchange.

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  • by VLPlus

GDPR in practice: When does a company need to appoint a Data Protection Officer?

In the below article we present the most important rules of designation, position and tasks of data protection officers (DPO) based on the recently revised guidelines of the Article 29 Data Protection Working Party.

The DPO plays a key role in fostering a data protection culture within the organization and helps to implement essential elements of the GDPR.

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  • by VLPlus





Quotes on Law in Our Society

At his best, man is the noblest of all animals; separated from law and justice he is the worst. — Aristotle