DOCSLIB.ORG

Gas Regulation 2017 Contributing Editors David Tennant and Torquil

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Gas Regulation 2017 Contributing Editors David Tennant and Torquil GETTING THE DEAL THROUGH Gas Regulation Gas Regulation Gas Contributing editors David Tennant and Torquil Law 2017 2017 © Law Business Research 2017 Gas Regulation 2017 Contributing editors David Tennant and Torquil Law Dentons UKMEA LLP Publisher Law The information provided in this publication is Gideon Roberton general and may not apply in a specific situation. [email protected] Business Legal advice should always be sought before taking Research any legal action based on the information provided. Subscriptions This information is not intended to create, nor does Sophie Pallier Published by receipt of it constitute, a lawyer–client relationship. [email protected] Law Business Research Ltd The publishers and authors accept no responsibility 87 Lancaster Road for any acts or omissions contained herein. The Senior business development managers London, W11 1QQ, UK information provided was verified between February Alan Lee Tel: +44 20 3708 4199 and March 2017. Be advised that this is a developing [email protected] Fax: +44 20 7229 6910 area. Adam Sargent © Law Business Research Ltd 2017 [email protected] No photocopying without a CLA licence. Printed and distributed by First published 2003 Encompass Print Solutions Dan White Fifteenth edition Tel: 0844 2480 112 [email protected] ISSN 1740-7826 © Law Business Research 2017 CONTENTS Global 0verview 5 Mexico 88 David Tennant and Torquil Law Rogelio López-Velarde and Amanda Valdez Dentons UKMEA LLP Dentons López Velarde SC Austria 7 Myanmar 96 Peter Polak Khin Cho Kyi and Thaw Dar Sein Fiebinger Polak & Partner Rechtsanwälte GmbH Myanmar Legal Services Limited Brazil 13 Nigeria 101 Giovani Loss and Felipe Feres Olusina Sipasi, Mutiat Adeyemo and Oritsemone Awala-Velly Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados ǼLEX Bulgaria 21 Norway 106 Radoslav Zahariev and Iliya Grozdanov Yngve Bustnesli Dinova, Rusev and Partners Law Office Kvale Advokatfirma DA Croatia 27 Pakistan 113 Miran Maćešić, Ivana Manovelo and Anja Grbeš Aemen Zulfikar Maluka and Pir Abdul Wahid Law Offices Maćešić & Partners Josh and Mak International Denmark 34 Portugal 118 Per Hemmer, Johan Weihe and Rania Kassis Mónica Carneiro Pacheco and Bernardo Cunha Ferreira Bech-Bruun CMS Rui Pena & Arnaut European Union 40 South Africa 124 Christian Filippitsch and Max Seuster Megan Rodgers and Giovanni Cloete Norton Rose Fulbright Cliffe Dekker Hofmeyr Faroe Islands 49 Spain 130 Per Hemmer, Johan Weihe and Rania Kassis Gonzalo Olivera and Alberto Artés Bech-Bruun King & Wood Mallesons France 54 Sweden 136 Christophe Barthélemy Torbjörn Claeson CMS Bureau Francis Lefebvre Ramberg Advokater KB Greenland 65 Thailand 141 Per Hemmer, Johan Weihe and Rania Kassis Albert T Chandler and Christopher C Kalis Bech-Bruun Chandler MHM Limited Hungary 71 Turkey 146 Eszter Zádori, Dániel Arányi and Eszter Katona Zeynep Çakmak, Mustafa Durakoğlu and Ayşe Eda Biçer Weil, Gotshal & Manges LLP Çakmak Avukatlık Ortaklığı Italy 78 United Kingdom 153 Pietro Cavasola and Matteo Ciminelli David Tennant, Sam Boileau, Rebecca Owen-Howes, CMS Adonnino Ascoli & Cavasola Scamoni Torquil Law and Laura Mackett Dentons UKMEA LLP Japan 84 Kentaro Kubo United States 167 TMI Associates Robert A James, Michael S Hindus and Stella Pulman Pillsbury Winthrop Shaw Pittman LLP 2 Getting the Deal Through – Gas Regulation 2017 © Law Business Research 2017 PREFACE Preface Gas Regulation 2017 Fifteenth edition Getting the Deal Through is delighted to publish the fifteenth edition of Gas Regulation, which is available in print, as an e-book and online at www.gettingthedealthrough.com. Getting the Deal Through provides international expert analysis in key areas of law, practice and regulation for corporate counsel, cross-border legal practitioners, and company directors and officers. Throughout this edition, and following the unique Getting the Deal Through format, the same key questions are answered by leading practitioners in each of the jurisdictions featured. Our coverage this year includes new chapters on Bulgaria, Japan, Pakistan and Spain. Getting the Deal Through titles are published annually in print. Please ensure you are referring to the latest edition or to the online version at www.gettingthedealthrough.com. Every effort has been made to cover all matters of concern to readers. However, specific legal advice should always be sought from experienced local advisers. Getting the Deal Through gratefully acknowledges the efforts of all the contributors to this volume, who were chosen for their recognised expertise. We also extend special thanks to the contributing editors, David Tennant and Torquil Law of Dentons UKMEA LLP, for their continued assistance with this volume. London March 2017 www.gettingthedealthrough.com 3 © Law Business Research 2017 Dentons UKMEA LLP GLOBAL OVERVIEW Global 0verview David Tennant and Torquil Law Dentons UKMEA LLP Consumption The Financial Times has noted that, owing to the tension between In 2015, global natural gas consumption grew by 1.7 per cent. OPEC gas production and US shale gas production, this is the first Consumption growth was higher outside the OECD (+1.9 per cent, time there has been no swing producer since the 1920s. A surge of accounting for 53.5 per cent of global consumption) than in the OECD oil production from other non-OPEC countries (including Brazil and countries (+1.5 per cent). Iran (+6.2 per cent) and China (+4.7 per cent) Canada) is also expected, and this too will limit the effects of reduced recorded the largest increases in consumption, although growth in output by OPEC members. States and markets will need to find ways to China was sluggish compared with a 10-year average annual growth adapt to this structural shift in power in gas supply, although it remains rate of 15.1 per cent. Meanwhile, Russia (-5 per cent) recorded the largest to be seen whether they will adapt by following a more protectionist volumetric decline. Among OECD countries, the US (+3 per cent) agenda – price controls, tariffs and strategic stocks – or a market- accounted for the largest growth, while EU consumption (+4.6 per cent) orientated agenda of promoting resilience and reducing subsidies. rebounded after a large decline in 2014. Production of natural gas globally grew by 2.2 per cent. The US Saudi Aramco IPO (+5.4 per cent), Iran (+5.7 per cent) and Norway (+7.7 per cent) recorded The state-owned oil company of the Kingdom of Saudi Arabia (Saudi significant increases in production. Growth was above average in Aramco), with, according to its website, the world’s fourth-largest North America, Africa, and Asia-Pacific. EU production once again fell natural gas reserves of 288.4 trillion standard cubic feet, is planning sharply (-8 per cent), with the Netherlands (-22.8 per cent) recording an initial public offering (IPO) in 2018. The IPO will reportedly sell the largest decline. Large volumetric declines were also seen in Russia 5 per cent of the entire company, not just the downstream, with the (-1.5 per cent) and Yemen (-71.5 per cent). aim of raising US$100 billion. According to the Financial Times, the In 2015, global natural gas trade rose by 3.3 per cent compared with Saudi government will remain as the controlling shareholder, having trade in 2014. Pipeline shipments increased by 4 per cent, driven by control over production levels and the management of the kingdom’s growth in net pipeline exports from Russia (+7.7 per cent) and Norway oil reserves. The IPO is expected to be the biggest IPO in history (four (+7 per cent). The largest volumetric increases in net pipeline imports times bigger than Alibaba’s IPO in 2014) valuing Saudi Aramco at were in Mexico (+44.9 per cent) and France (+28.8 per cent). US$2 trillion and at about three or four times the size of Apple or Google Global LNG trade continued to grow in 2015, with an increase of (the world’s two most valuable companies by market capitalisation) 1.8 per cent. Export growth was led by Australia (+25.3 per cent) and and over five times the size of ExxonMobil. Papua New Guinea (+104.8 per cent), offsetting declines in shipments The IPO is part of the country’s Vision 2030 programme, an attempt from Yemen (-77.2 per cent). Higher net LNG imports for Europe to diversify Saudi Arabia’s economy away from natural resources, with (+15.9 per cent) and rising Middle Eastern imports (+93.8 per cent) the funds from the IPO being diverted to a public investment fund. were partly offset by declines in net imports in South Korea (-10.4 per According to Dr Carole Nakhle, non-resident scholar at the Carnegie cent) and Japan (-4 per cent). Middle East Centre, ‘one can argue that the Saudis are taking a long- The above figures were taken from the BP Statistical Review of term perspective, understanding that over time, their oil in the ground World Energy 2016. will be worth less than today as global demand decreases, primarily because of climate change concerns’, and therefore by selling part of OPEC Saudi Aramco the Saudis are safeguarding some of that value. On 30 November 2016, OPEC members agreed a deal to reduce Saudi Aramco CEO Amin Nasser also stated recently that ‘Saudi output of oil production by 1.2 million barrels a day. Eleven non- Aramco… is utilising this down cycle to grow its business, especially OPEC countries (Azerbaijan, Bahrain, Brunei, Equatorial Guinea, in the downstream sector and in gas’ with the aim of doubling its total Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, and South production capacity for natural gas, including shale gas, from 12 billion Sudan) have also agreed to cut oil production by 558,000 barrels per cubic feet per day over the next 10 years. day, including a reduction by Russia of 300,000 barrels per day.
Load more

Recommended publications
  • Statement of Investment Holdings Dec. 31, 2016
    1 DEUTSCHE TELEKOM AG STATEMENT OF INVESTMENT HOLDINGS IN ACCORDANCE WITH § 285 HGB AS OF DECEMBER 31, 2016 1. Subsidiaries Shareholders’ equity Indirectly Directly Total thousands of Net income/net loss Reporting No. Name and registered office Via % % nominal value Currency reporting currency thousands of € currency Note 1. 3.T-Venture Beteiligungsgesellschaft mbH (3. TVB), Bonn 1.93. 100.00 25,000 EUR 6,382 764 EUR e) 2. Antel Germany GmbH, Karben 1.105. 100.00 25,000 EUR (119) (48) EUR i) 3. Arbeitgeberverband comunity, Arbeitgeberverband für EUR - - EUR Telekommunikation und IT e.V., Bonn 4. Assessment Point (Proprietary) Limited, Johannesburg 1.125. 100.00 100 ZAR (3,192) (6) ZAR e) 5. Atrada GmbH, Nuremberg 100.00 150,000 EUR 3,220 (2,210) EUR e) 6. Atrada Trading Network Limited, Manchester 1.5. 100.00 1 GBP 0 0 GBP e) 7. BENOCS GmbH, Bonn 1.327. 100.00 25,000 EUR 94 (765) EUR e) 8. Benocs, Inc., Wilmington, DE 1.7. 100.00 100 USD - - USD 9. CA INTERNET d.o.o., Zagreb 1.129. 100.00 20,000 HRK 228 11 HRK e) 10. CBS GmbH, Cologne 1.19. 100.00 838,710 EUR 18,055 0 EUR a) e) 11. CE Colo Czech, s.r.o., Prague 1.232. 100.00 711,991,857 CZK 854,466 88,237 CZK e) 12. COMBIS - IT Usluge d.o.o., Belgrade 1.14. 100.00 49,136 RSD (112,300) (9,378) EUR e) 13. COMBIS d.o.o. Sarajevo, Sarajevo 1.14. 100.00 2,000 BAM 5,297 969 BAM e) 14.
    [Show full text]
  • Investor Presentation Magyar Telekom Group – July 2013 Strategy, Outlook and Guidance Overview – Magyar Telekom Group at a Glance
    INVESTOR PRESENTATION MAGYAR TELEKOM GROUP – JULY 2013 STRATEGY, OUTLOOK AND GUIDANCE OVERVIEW – MAGYAR TELEKOM GROUP AT A GLANCE International presence Overview Czech Republic Slovakia Leading telecommunications operator in Austria Moldova Hungary Slovenia Hungary, Macedonia and Montenegro CroatiaCroatia Romania BiH Serbia Serbia Montenegro Kosovo BulgariaBulgaria MacedoniaMacedonia Albania Majority owned by Deutsche Telekom (59.2%) Greece EUR 1.1.1. 222 bnbnbn market capitalization as at July 201 3 Incumbents in Hungary Stock exchange listings primary listing on the Budapest Stock Exchange Level I ADR program, ADSs traded on the OTC Market Magyar Telekom Invitel UPC Telekom 3 HUNGARIAN ECONOMIC ENVIRONMENT Growth structure and wages Contribution to GDP growth (%) Economic challenges 8 0.2% 6 Continued deleveraging keeps internal 4 demand low 2 GDP performance dependent on export 0 dynamics -2 continued decline in household spending -4 due to the weakening HUF and high -6 unemployment has put pressure on Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 FY consumption 2010 2011 2012 2013 2013* MT financials strongly correlated with Consumption Net exports Investment trends in domestic demand Inflation GDP y-o-y growth * European Commission May 2013 forecast Tax burdens introduced to reduce budget Additional taxes levied on Magyar Telekom deficit HUF bn special, revenue-based sector tax levied 40 on a temporary basis between 2010-2012 30 8.7 traffic-based permanent telecom tax introduced from July 2012 and increased 20 ca. 25.0 from August
    [Show full text]
  • Mt-Code-Of-Conduct.Pdf
    Code of ConduCt WHAT CHARACTERIZES US Thomas Kremer Manuela Mackert Tibor Rékasi What makes a company successful? A good product on necessary, the basic principles of the Code of Conduct are its own will not tip the scales toward success, nor is it the only specified in greater detail in internal policies and regulations. This element in a customer’s decision to buy. A company’s reputation understanding of values requires all our employees and can also influence this decision. Business success requires management staff to show mutual respect, acknowledgement something extra. Board members, managing directors, executives and appreciation in their dealings with each other. When and employees working for Deutsche Telekom and Magyar implementing the Code of Conduct, each business unit of Telekom (employees) are expected to behave in a manner that Deutsche Telekom and Magyar Telekom must observe both its complies with the legal obligations thus creating essentials such specific national legal obligation and, on the basis of these, the as trust, credibility, reliability and good reputation. individual culture of the country in which it operates respectively. That something extra also comprises integrity and each Yet it would not be sufficient to consider the Code of Conduct employee’s personal responsibility of his or her own actions. In simply as a general guideline. It must rather be filled with life and less abstract terms, all these qualities together constitute the most actively promoted by role models. It is primarily the company’s value­based culture of compliance. This is a factor that Executives of Deutsche Telekom and Magyar Telekom who must also influences the success of Deutsche Telekom Group and assume this function of role modeling, not only by showing Magyar Telekom Group (Deutsche Telekom and Magyar integrity, behaving in a legally compliant manner and exuding Telekom).
    [Show full text]
  • § 313 HGB Version 1 Final EN 20210201 Pohler.Xlsx
    Summary of share property according to § 313 (2) HGB, consolidated financial statements of Deutschen Telekom AG at date December 31, 2020 Seq. No. Name and place of Business Via Indirectly Directly Total nominal value Currency Note 1. Included companies 1. ALDA Wireless Holdings LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 2. APC Realty and Equipment Co., LLC, Overland Park, Kansas City 1.306. 100,00% 1 USD 3. ATI Sub, LLC, Overland Park, Kansas City 1.38. 100,00% 1 USD 4. American Telecasting Development, LLC, Overland Park, Kansas City 1.38. 100,00% 1 USD 5. American Telecasting of Anchorage, LLC, Overland Park, Kansas City 1.312. 100,00% 1 USD 6. American Telecasting of Columbus, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 7. American Telecasting of Denver, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 8. American Telecasting of Fort Collins, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 9. American Telecasting of Fort Myers, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 10. American Telecasting of Green Bay, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 11. American Telecasting of Lansing, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 12. American Telecasting of Lincoln, LLC, Overland Park, Kansas City 1.46. 100,00% 1 USD 13. American Telecasting of Little Rock, LLC, Overland Park, Kansas City 1.312. 100,00% 1 USD 14. American Telecasting of Louisville, LLC, Overland Park, Kansas City 1.46.
    [Show full text]
  • Department of Scandinavian Studies
    DEPARTMENT OF Scandinavian Studies Message from the Chair TERJE LEIREN Celebrating the centennial of its founding is a significant milestone for any institution, no less an academic department at a major research university. Since its establishment by an act of the Washington State Legislature in 1909, the Department of Scandinavian Studies has grown and prospered, largely due to the dedication of its faculty and staff and the excellent character and quality of its students. To com- memorate the milestone, several celebratory events, including lectures, dinners, special programs, and conferences are being scheduled between now and the summer of 2010. Please stay in touch with us, check our departmental website, and plan to attend as many events as you can over the next two years. Of course, at the heart of what we do in the Department is teaching and scholarship. Cutting-edge research and innovative teaching enhance and broaden our knowledge about, and appreciation of, the Nordic region. Our comprehensive language programs and wide range of course offerings focusing on the five Nordic countries and the three Baltic countries make the Department unique in the world. The UW is the only North American university that regularly teaches Estonian, Latvian and Lithuanian. In 2009–2010, we will celebrate the 15th anniversary of the Baltic Studies program. By its very nature, the teaching at a research university is informed by the research of its teachers. All of the faculty in the Department of Scandinavian Studies are active scholars who bring their SPRING 2008 research back into the classroom, whether it be for a graduate seminar on literary theory, a discus- sion of Strindberg’s Paris, a broad introductory course on Scandinavian culture, or an advanced undergraduate course on the cinematic expressions of Scandinavian attitudes about sexuality or crime fiction.
    [Show full text]
  • Consolidated Annual Report of Magyar Telekom Telecommunications Public
    CONSOLIDATED ANNUAL REPORT OF MAGYAR TELEKOM TELECOMMUNICATIONS PUBLIC LIMITED COMPANY FOR THE YEAR ENDED DECEMBER 31, 2018 Consolidated Financial Statements and management report OF MAGYAR TELEKOM TELECOMMUNICATIONS PUBLIC LIMITED COMPANY FOR THE YEAR ENDED DECEMBER 31, 2018 1 INDEX TO THE CONSOLIDATED ANNUAL REPORT Consolidated Financial Statements ............................................................................................................................... 4 INDEPENDENT AUDITOR’S REPORT.......................................................................................................................................... 5 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ....................................................................................................... 12 CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME............................................... 13 CONSOLIDATED STATEMENTS OF CASH FLOWS.................................................................................................................... 15 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY ........................................................................................................ 16 NOTES TO THE CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY ............................................................................... 17 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS .................................................................................................... 19 1 GENERAL INFORMATION ................................................................................................................................................
    [Show full text]
  • DEUTSCHE TELEKOM the 2019 FINANCIAL YEAR = P Q 2
    DEUTSCHE TELEKOM THE 2019 FINANCIAL YEAR = p q 2 SELECTED FINANCIAL DATA OF THE GROUP billions of € Change compared to prior year % 2019 2018 2017 2016 2015 2014 2013 2012 REVENUE AND EARNINGS Net revenue 6.4 80.5 75.7 74.9 73.1 69.2 62.7 60.1 58.2 Of which: domestic % 30.5 32.2 32.8 33.7 36.2 39.9 42.2 44.3 Of which: international % 69.5 67.8 67.2 66.3 63.8 60.1 57.8 55.7 Profit (loss) from operations (EBIT) 18.2 9.5 8.0 9.4 9.2 7.0 7.2 4.9 (4.0) Net profit (loss) 78.5 3.9 2.2 3.5 2.7 3.3 2.9 0.9 (5.4) Net profit (loss) (adjusted for special factors) 8.9 4.9 4.5 6.0 4.1 4.1 2.4 2.8 2.5 EBITDA 24.2 27.1 21.8 24.0 22.5 18.4 17.8 15.8 18.0 EBITDA AL 7.3 23.1 21.6 n.a. n.a. n.a. n.a. n.a. n.a. EBITDA (adjusted for special factors) 23.0 28.7 23.3 22.2 21.4 19.9 17.6 17.4 18.0 EBITDA AL (adjusted for special factors) 7.2 24.7 23.1 n.a. n.a. n.a. n.a. n.a. n.a. EBITDA AL margin (adjusted for special factors) % 30.7 30.5 n.a. n.a.
    [Show full text]
  • Ready for Upload GCD Wls Networks
    LTE‐ LTE‐ REGION COUNTRY OPERATOR LTE Advanced Advanced Pro Eastern Europe 92 55 2 Albania Total 320 Albania ALBtelecom 100 Albania Telekom Albania 110 Albania Vodafone Albania 110 Armenia Total 310 Armenia MTS Armenia (VivaCell‐MTS) 100 Armenia Ucom (formerly Orange Armenia) 110 Armenia VEON Armenia (Beeline) 100 Azerbaijan Total 430 Azerbaijan Azercell 100 Azerbaijan Azerfon (Nar) 110 Azerbaijan Bakcell 110 Azerbaijan Naxtel (Nakhchivan) 110 Belarus Total 420 Belarus Belarusian Cloud Technologies (beCloud) 110 Belarusian Telecommunications Network Belarus (BeST, life:)) 100 Belarus MTS Belarus 110 Belarus VELCOM (A1 Belarus) 100 Bosnia and Herzegovina Total 300 Bosnia and Herzegovina BH Telecom 100 Bosnia and Herzegovina HT Mostar (HT Eronet) 100 Bosnia and Herzegovina Telekom Srpske (m:tel) 100 Bulgaria Total 530 Bulgaria A1 Bulgaria (Mobiltel) 110 Bulgaria Bulsatcom 100 Bulgaria T.com (Bulgaria) 100 Bulgaria Telenor Bulgaria 110 Bulgaria Vivacom (BTC) 110 Croatia Total 321 Croatia A1 Croatia (VIPnet incl. B.net) 111 Croatia Hrvatski Telekom (HT) 110 Croatia Tele2 Croatia 100 Czech Republic Total 430 Czech Republic Nordic Telecom (formerly Air Telecom) 100 Czech Republic O2 Czech Republic (incl. CETIN) 110 Czech Republic T‐Mobile Czech Republic 110 Czech Republic Vodafone Czech Republic 110 Estonia Total 330 Estonia Elisa Eesti (incl. Starman) 110 Estonia Tele2 Eesti 110 Telia Eesti (formerly Eesti Telekom, EMT, Estonia Elion) 110 Georgia Total 630 Georgia A‐Mobile (Abkhazia) 100 Georgia Aquafon GSM (Abkhazia) 110 Georgia MagtiCom
    [Show full text]
  • SUMMARY ANNUAL REPORT Contents T-Mobile C Zech Republic A.S
    2019 republic a.s. czech T-mobile summary annual reporT T-mobile czech republic a.s. conTenT s CONTENTS 2 SUMMARY ANNUAL reporT conTenTs T-mobile c zech republic a.s. Foreword 2 report of the board of Directors on business activities and assets 6 report on relationships 22 Financial statements according to the international Financial reporting standards 52 consolidated Financial statements according to the international Financial reporting standards 92 independent auditor’s report 132 SUMMARY ANNUAL reporT 1 T-mobile czech republic a.s. inTRODucTion INTRO- DUCTION builiDinG FULLY DiGiTal CZECHIA Digitisation is one of the main challenges that the czech republic is facing. i am very honoured that T-mobile czech republic has played a very important role in this transformation process and that we can take part in the transformation into a truly digital society. With its expertise, technologies, services and investments, T-mobile has contributed and can continue to contribute to the building of a fully digital czech republic. i am aware of the great responsibility that comes with this, but we are prepared to further increase our participation in the digital transformation of the entire czech republic in the coming years. 2 SUMMARY ANNUAL reporT inTRODucTion T-mobile c zech republic a.s. 3 SUMMARY ANNUAL reporT 3 T-mobile czech republic a.s. inTRODucTion The task that lies before us could not be achieved without massive investments in the development of the existing technologies, rollout of the fibre-optic network, introduction of new services and making modern communication tools available to the entire population.
    [Show full text]
  • Deutsche Telekom AG
    As filed with the Securities and Exchange Commission on March 1, 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 20-F È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2006 Commission file number 001-14540 Deutsche Telekom AG (Exact Name of Registrant as Specified in its Charter) Federal Republic of Germany (Jurisdiction of Incorporation or Organization) Friedrich-Ebert-Allee 140, 53113 Bonn, Germany (Address of Registrant’s Principal Executive Offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares, each representing New York Stock Exchange one Ordinary Share Ordinary Shares, no par value New York Stock Exchange* Securities registered or to be registered pursuant to Section 12(g) of the Act: NONE (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: NONE (Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: Ordinary Shares, no par value: 4,361,119,250 (as of December 31, 2006) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes È No ‘ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
    [Show full text]
  • Europe and the Nordic Collective-Bargaining Model the Complex Interaction Between Nordic and European Labour Law Europe and the Nordic Collective-Bargaining Model
    TemaNord 2015:541 TemaNord 2015:541 TemaNord Ved Stranden 18 DK-1061 Copenhagen K www.norden.org Europe and the Nordic Collective-Bargaining Model The Complex Interaction between Nordic and European Labour Law Europe and the Nordic Collective-Bargaining Model One of the special features of the Nordic countries is that the determination of wages and working conditions is largely left up to the negotiations between the social partners. The purpose of this report is to illuminate a number of the challenges faced by the labour-law systems of the Nordic countries in the light of an increasingly well-developed European law system. The first part of the report was prepared by Dr. Jur. Jens Kristiansen, the editor-in-chief, and focuses on a number of the general challenges facing the labour-law systems of the Nordic countries in the form of European rules and court decisions. The second part of the report was prepared by various representatives of employer and employee organisations in the Nordic countries and illustrates some of the challenges faced by the social partners in their interaction with the European court system and the way in which these challenges have been addressed in the individual countries. TemaNord 2015:541 ISBN 978-92-893-4177-6 (PRINT) ISBN 978-92-893-4179-0 (PDF) ISBN 978-92-893-4178-3 (EPUB) ISSN 0908-6692 TN2015541 omslag.indd 1 02-06-2015 11:20:51 Europe and the Nordic Collective-Bargaining Model The Complex Interaction between Nordic and European Labour Law Dr. Jur. Jens Kristiansen (ed.) Contributions by: Jens Kristiansen, Hans Tilly, Lena Maier Söderberg, Flemming Dreesen, Magnús Norðdahl, Christen Horn Johannessen, Hrafnhildur Stefánsdóttir, Gabriella Sebardt, Ane Kristine Lorentzen, Jari Hellsten, Jens Kragh og Ella Sjödin TemaNord 2015:541 Europe and the Nordic Collective-Bargaining Model The Complex Interaction between Nordic and European Labour Law Dr.
    [Show full text]
  • Gas Regulation in 32 Jurisdictions Worldwide Contributing Editors: Florence Ninane, Alexandre Ancel 2012 and Liliana Eskenazi
    ® Gas Regulation in 32 jurisdictions worldwide Contributing editors: Florence Ninane, Alexandre Ancel 2012 and Liliana Eskenazi Published by Getting The Deal Through in association with: Æ´LEX Alexander Vassardanis & Partners Law Firm Allen & Overy LLP Arthur Cox Bahamondez, Alvarez & Zegers Bech-Bruun Boga & Associates Chandler & Thong-ek Law Offices Limited CMS Adonnino Ascoli & Cavasola Scamoni CMS – Rui Pena & Arnaut CRB Africa Legal Fiebinger Polak Leon Rechtsanwälte GmbH Grata Law Firm Hoet Pelaez Castillo & Duque Kluge Advokatfirma DA Kocián Šolc Balaštík advokátní kancelárˇ sro López Velarde, Heftye y Soria, SC Lupicinio Abogados International Attorneys Lydian Lawyers Mac´ešic´ & Partners Martelli Abogados Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados Mehmet Gün & Partners Minter Ellison Lawyers Mohamed Ridza & Co Pillsbury Winthrop Shaw Pittman LLP prietocarrizosa Rizvi, Isa, Afridi & Angell SNR Denton UK LLP Spaczyn´ski, Szczepaniak i Wspólnicy spk CONTENTS ® Gas Regulation 2012 Albania Renata Leka and Besa Velaj (Tauzi) Boga & Associates 3 Contributing editors Argentina Hugo C Martelli Martelli Abogados 8 Florence Ninane, Alexandre Ancel and Liliana Eskenazi Allen & Overy LLP Australia Andrew G Thompson, Stephanie Rowland and Carol Mao Minter Ellison Lawyers 14 Business development managers Austria Thomas Starlinger and Stefan Korab Fiebinger Polak Leon Rechtsanwälte GmbH 21 Alan Lee George Ingledew Belgium David Haverbeke and Wouter Vandorpe Lydian Lawyers 28 Robyn Hetherington Dan White Brazil Giovani Loss Mattos
    [Show full text]