Articles
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 […]...
Revision of the EU rules on asset recovery
The implementation of EU sanctions following the Russian invasion of Ukraine highlights the complexity of identifying assets owned by oligarchs, and which are hidden across different jurisdictions through complex legal and financial structures. So far, Member States have reported frozen assets worth EUR 9,9 billion and blocked EUR 196 billion worth of transactions. In recent […]...
Poland: key changes in the advertising of medical devices and medicinal products
*Polish version below Regulatory changes Which “medical devices” will be affected by the changes introduced by the Act? According to the EU definition to which the provisions of the Act refer, a medical device means any instrument, apparatus, appliance, software, implant, reagent, material or other article intended by the manufacturer to be used, alone or […]...
The outlook on sustainable bonds issuance in the context of the Green Deal
1. What are Sustainable Bonds, Green Bonds & Social Bonds? 2. Outlook on Sustainable Bond Issuance 3. The European Green Deal 4. The Impact of the new Taxonomy Regulation on Green Bonds 5. European Green Bond Standard 6. Transition Financing What are Sustainable Bonds, Green Bonds & Social Bonds? “Sustainable bond” is the generic term […]...
Krieg in Zeiten von ESG, Private Enforcement und Strategic Litigation
Was gilt es im Rahmen der ordnungsgemäßen Geschäftsführung zu beachten? Artikel auf englisch Link – Die Presse ESG (Environmental, Social und Governance) beschreibt die Grundprinzipien nachhaltigen Wirtschaftens. Stakeholder haben immer höhere Erwartungen an die ESG-Leistung eines Unternehmens. Während zuletzt aufgrund der Klimakrise das ökologische, nachhaltige Wirtschaften prominentestes der drei ESG-Kriterien war, stellt der Krieg Russlands […]...
ESG, private enforcement and strategic litigation in times of war
What to consider in the context of proper business management? (article also available in German) ESG (Environmental, Social and Governance) describes the fundamental principles of sustainable business. Stakeholders have increasingly high expectations of a company’s ESG performance. While recently, due to the climate crisis, ecological sustainable management was the most prominent of the three ESG […]...
How private individuals track Russian assets
If private creditors access oligarchs’ assets to prevent illegal outflows, this could hit debtors even harder than if the authorities take action. But the search is at their own expense. The enforcement of EU sanctions falls within the responsibility of national authorities in each EU member state. But what can be done if public authorities […]...
Secured Finance Transactions: Taking Security, Deal Structures and Emerging Markets
Written for legal practitioners, business professionals and bankers Secured finance transactions are implemented the world over between companies, banks, funds and individuals. They form, and have formed for centuries, an integral part of the world of corporate finance. Yet there are many complexities that need to be considered and understood, including the intricate juxtaposition of laws, […]...
ESG as business critical
Keeping up with investor expectations (and new regulations) Environmental, Social and Governance (ESG) criteria are no longer just a trend – their importance and impact on companies is growing exponentially on a global level. Reinforced by regulatory trends both in Austria and the EU as a whole, key investors have started to fully embrace ESG […]...