Articles
Digitalisation – the trigger for a new era in international tax?
How the Two-Pillar Solution will change where companies pay their taxes The OECD and the G20 are promoting a fundamental rewrite of the rules governing the taxation of the world’s digital giants. What is the connection between digitalisation and taxation? The world’s largest, most valuable and most profitable businesses are digital businesses. Their rise took […]...
The metaverse: ownership of virtual properties and objects in the “new reality”
As the business of the metaverse grows, so do the legal questions around it With the increasing popularity and acceptance of the metaverse, as well as the sale of crypto properties and items, we are confronted with the question of the type of ownership associated with them and to what extent the owner is entitled […]...
Optimisation of labour relations in Ukraine during martial law
Ukrainian martial law continues to undergo reform and development. In this regard, the Law of Ukraine “On Introducing Amendments into Certain Laws Regarding the Optimisation of Labour Relations” of 19 July 2022 (the “Law”) has introduced the following developments highlighted below. (1) Employers have become exempt from an obligation to pay an average salary to […]...
A booster shot of compliance for companies in Central and Eastern Europe
Companies focus on compliance as corporate criminal liability prosecutions increase The increased focus of companies in Central and Eastern Europe (CEE) in tackling largescale corruption through corporate criminal liability has resulted in an increasing number of companies being prosecuted each year. Companies have, therefore, been paying closer attention to their compliance efforts. This article discusses […]...
Crypto assets – what trustees and family offices need to know
Introduction It is a typical scenario: there are younger beneficiaries who want investments to be made into crypto assets, an asset class which did not exist a decade ago, which has a low correlation with traditional assets, which is highly volatile and about which the beneficiaries are very enthusiastic. There are older trustees and board […]...
Public M&A in Austria 2022
Structures and applicable law Types of transaction How many publicly listed businesses combine? By far the most important transaction structure in Austria in practice remains the acquisition of a (controlling) stake,combined with, or followed by, a public tender offer. More recent takeover practice has seen the use of businesscombination agreements (eg, Vonovia/BUWOG and, with the […]...
Restructuring frameworks undergoing change
↓ Part I: Cross-border recognition of restructuring proceedings – Amendment to the European Insolvency Regulation ↓ Part II: Implementation of the Restructuring Directive ↓ Croatia: paving the way for restructuring ↓ Hungary: sneak peek at the new restructuring regime ↓ Romania: implementation of the Restructuring Directive ↓ Slovakia: latest changes to insolvency legislation ↓ Slovenia: […]...
Government Procurement Review: Austria
Providing context for critical legal developments in the field of procurement law The Government Procurement Review: Austria provides an annual survey of the most consequential legal developments in government procurement and their practical impact on contractors, suppliers and service providers. It offers insightful analysis of the key features of the procurement regime in Austria in […]...
Ukraine: use of agricultural land during martial law
The lease of agricultural lands has been simplified and streamlined by adopting the new law No. 2145-IX “On Amendments to Certain Legislative Acts of Ukraine Regarding Creation of Conditions to Ensure Food Security Under Martial Law” (the “Law “). The following are the improvements in this area: 1) The Law provides for the automatic extension […]...
Safely navigating EU sanctions regimes: how to stay compliant
Practical advice for businesses Objectives and restrictive measures The European Union has repeatedly adopted sanctions against Russia since March 2014 in response to the annexation of Crimea and Russia’s recognition of Donetsk and Luhansk, followed shortly by its military aggression against Ukraine. According to the latest information published by the European Council, these sanctions currently […]...
Consumer rights on the rise in Hungary: Updates to consumer protection regulations
Introducing the New Deal for Consumers Part of the ongoing effort aimed at strengthening the rights of consumers in the European Union, and following the most recent implementation of the Digital Content Directive and the update of the Sale of Goods Directive as of 1 January 2022, another major update has arrived in the form […]...
Hungarian Energy Market: Producers received a major stop sign for exiting renewable support schemes
(also available in Hungarian below) Background As a result of the recent electricity price increases, producers taking part in both the feed-in-tariff (FiT) and METAR support schemes have started to consider exiting the renewable support schemes, which has brought significant changes in the energy market. In response, the legislator firstly prohibited the possibility to re-enter […]...