Client Alerts
Hromadné žaloby přichází do České republiky: co to znamená pro firmy a podnikatele?
V České republice 1. července 2024 nabyl účinnosti zákon o hromadných žalobách, který přináší zásadní změny v oblasti právní odpovědnosti firem a posílení práv spotřebitelů. Tento zákon, který implementuje směrnici EU, umožňuje spotřebitelům spojit své nároky a uplatnit je proti podnikateli v jednom řízení. Jaké dopady bude mít tento krok na různá odvětví, jako je […]...
Austrian implementation of the EU directive on addressing non-performing loans
Directive (EU) 2021/2167 on credit servicers and credit purchasers (“Loan Servicer Directive“) Developing a liquid secondary market for non-performing loans (“NPLs”) With its Loan Servicer Directive, the European Union aims to reduce the current stock of NPLs by removing hindrances to the transfer of NPLs and ensuring a harmonised regulatory framework, while also safeguarding the […]...
Life Sciences Bulletin: Competition Commission inquiry into pharmaceutical market in Serbia
On 10 January 2025, the Serbian Commission for Protection of Competition (“Commission“) announced its sector inquiry into the pharmaceutical market in Serbia. The Commission is currently sending out questionnaires to pharmacies with, in their own words, “a high number of retail spaces”. The sector analysis will: The aim of the inquiry is to develop and […]...
Long-awaited changes in pharmaceutical promotion in Hungary
Several amendments to pharmaceutical promotional laws in Hungary came into effect on 1 January 2025, with others following on 1 February 2025. Some of these amendments have long been urged by the pharmaceutical industry. The changes primarily affect the following areas: Changes affecting pharmaceutical promotional practice The amendment to the Medicines Thrift Act eliminates the […]...
EU Listing Act – Änderungen der EU-Prospektverordnung
Die am 14. November 2024 veröffentlichte Verordnung (EU) 2024/2809, auch bekannt als EU Listing Act (der “EU Listing Act”), nimmt mehrere Änderungen an der Verordnung (EU) 2017/1129 (“EU-Prospektverordnung”) vor, um den Zugang zu den Kapitalmärkten zu vereinfachen und gleichzeitig den Anlegerschutz zu stärken. Einige der Änderungen sind bereits seit dem 4. Dezember 2024 wirksam. Die […]...
Navigating sanctions: Practical guidance to mitigate business risks
Regulatory obligations, contractual considerations and compliance strategies Global sanctions regimes have become increasingly complex, with the EU, US, UK and individual nations adopting multifaceted sanctions packages. The latest EU measures, effective from 26 December 2024, place additional compliance responsibilities on businesses operating within the EU and beyond. The consequences of non-compliance, including rejected payments, frozen […]...
ESG reporting in Romania: A new era of corporate sustainability
New ESG reporting requirements in Romania mark a significant step toward corporate transparency and sustainability Companies in Romania are entering a transformative phase with the introduction of ESG (Environmental, Social, Governance) reporting requirements under Order of the Ministry of Finance no. 85/2024, which governs sustainability reporting (OMF 85/2024). This regulatory shift, aligned with the EU’s […]...
New NACE Codes introduced for companies as at 1 January 2025 in Hungary
As at 1 January 2025, a new classification system for business activities, known as NACE’25 will replace the current NACE’08 system, impacting how businesses are categorised. What does this mean for your company? Review your company’s activities to ensure they are correctly classified under the new NACE codes (NACE’25). These codes will be automatically registered […]...
EU Deforestation Regulation – Application date postponed
Companies will have an additional year to comply with new EU rules aimed at preventing deforestation, which will prohibit the sale of products in the EU that originate from deforested land The European Parliament and the Council of the EU have decided to postpone the application of the European Union Deforestation Regulation (EUDR) by one […]...
Slovenia introduces new reporting obligations for companies
The amendment to Slovenia’s Companies Act introduces new reporting requirements for companies On 3 December 2024, an amendment to the Companies Act (“ZGD-1M” or “Amendment M”) was published in the Official Gazette. The amendment, entered into force on 18 December 2024, seeks to implement four EU Directives into the Slovenian legal system. It introduces new […]...
Czech Parliament discusses measures to cut renewable energy subsidies, focusing on solar power plants
New proposed amendments impose individual profitability checks and change the relevant timeline for their calculation A set of two measures aimed at reducing state subsidies for renewable energy sources has been approved by the lower house of Parliament in the Czech Republic on 11 December 2024. These changes, proposed through amendments to the Act on […]...
Croatia introduces legislative changes to promote gender equality on corporate boards
With the amendments to the Companies Act (the “Act”), which entered into force on 5 December 2024, Croatia has implemented EU Directive (EU) 2022/2381 on gender balance on corporate boards of listed companies (the “Directive”). The so called “Women on Boards” Directive aims to ensure that at least 40% of non-executive board seats or 33% […]...