Client Alert
New Croatian Lobbying Act: Key takeaways for companies
The Croatian Lobbying Act (Official Gazette 36/2024, the “Act”) entered into force on 1 October 2024, marking Croatia’s first comprehensive regulation of lobbying activities. The Act establishes significant new rules for lobbyists and companies alike, requiring compliance when interacting with public officials to advocate for business or organisational interests. This regulatory development represents a transformative […]...
Life Sciences Bulletin: Parallel import of medicines into Ukraine as of 2025
Starting on 1 January 2025, the parallel import of medicines into Ukraine will come into force, allowing dealers that are authorised by manufacturers of medicinal products to import medicines in parallel with said manufacturers. The expected outcomes of this new regime are higher competition and lower prices for relevant medicines. This change is introduced by […]...
Driving Ukraine’s recovery: New investment opportunities with support of EBRD
Ukraine’s financial sector has received a significant boost with the European Bank for Reconstruction and Development (EBRD) announcing €690 million to support new lending. This development presents considerable opportunities for investors and businesses eager to engage in the country’s rebuilding efforts. As Ukraine moves forward with its recovery, understanding the evolving financial landscape will be […]...
Employees’ right to disconnect in Slovenia
This Client Alert is available in both English and Slovenian. The right to disconnect entitles employees not to be at the employer’s disposal during rest periods and other justified absences. According to Article 142a of the Slovenian Employment Relationships Act, employers must adopt measures to ensure employees’ right to disconnect by 16 November 2024 at […]...
Croatian government unveils new property tax initiative
Effective from 1 January 2025, Croatia will introduce a new property tax law. This new law will replace the current vacation home tax and apply to all residential properties, with certain exemptions. Local governments will institute the new law and set tax rates within a specified range by taking into account property characteristics and other […]...
Important tax update – Windfall VAT reclaim opportunity in Hungary
There’s a new windfall value-added tax (“VAT”) reclaim opportunity in Hungary based on a recent judgment of the Court of Justice of the European Union (“CJEU”). As background to this opportunity, it should be noted that marketing authorisation holders or distributors of medicinal products and dietary supplements, the purchase of which (by end-users), is subsidised […]...
Modernising Arbitration: HCCI’s Rule Reforms for Global Competitiveness
Summary of key changes introduced by the amended Rules of Proceedings The amended Rules of Proceedings (hereinafter referred to as the “Rules of Proceedings”) of the Permanent Court of Arbitration attached to the Hungarian Chamber of Commerce and Industry (hereinafter referred to as the “Arbitration Court”) came into force on 15 September 2024. The amended […]...
Czech Republic: July 2024 Labour Code Amendment. What’s New?
Introduction & Overview of Changes Reflecting recent trends, Czech labour law continues to evolve. On 31 July 2024, a new amendment to the Labour Code was published in the Collection of Laws with relatively little attention. This amendment primarily seeks to align with Directive (EU) 2022/2041 on adequate minimum wages in the European Union, which […]...
Czech Republic: New employers’ obligations regarding employees working under agreements to complete a job
*This Client Alert follows the previous publication on 19 February 2024, titled “Czech Republic: The Consolidation Package and its impact on Labour Law and HR“. New regulations governing agreements to complete a job (in Czech: dohoda o provedení práce) came into effect in the Czech Republic on 1 July 2024, with additional provisions set to […]...
Key Insights on CSRD Reporting Requirements for Companies Operating in the Croatian Market
On 27 July 2024, the Republic of Croatia officially implemented the Corporate Sustainability Reporting Directive (CSRD) into national legislation by replacing the existing legal framework set out under the Non-Financial Reporting Directive (NFRD). Namely, the CSRD has been implemented through the amendments to the Accounting Act (OG No. 85/2024), the Audit Act (OG No. 127/2017, […]...
Poland approves Whistleblower Protection Act
The Whistleblower Protection Act (Act) was published in Poland’s Journal of Laws on 24 June 2024. The Act applies to all companies with 50 or more people and establishes a comprehensive framework for whistleblower rights in Poland. Entities with fewer than 50 individuals may voluntarily implement procedures. However, the above threshold does not apply to […]...
FDI in Romania: New Screening Rules for EU investors
Following the latest developments in Romania’s Foreign Direct Investment (FDI) screening regime in December 2023, which encompasses EU investors within the screening scope, the Romanian Parliament has recently introduced a new law that revises and reinforces the approach towards EU investors by harmonising the sanctioning regime for “gun-jumping” between non-EU and EU investors. This move […]...