Client Alerts

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 […]...

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 […]...

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 […]...

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 […]...

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 […]...

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 […]...

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% […]...

Effective from 13 December 2024, Regulation (EU) 2023/988 (GPSR) will replace the existing General Product Safety Directive, introducing significant changes with respect to non-food consumer products. The main objectives of the GPSR are to strengthen consumer protection through modernised safety requirements, enhance market surveillance and improve the response times of market players and authorities with […]...

On 3 December, the Serbian Ministry of Health adopted the Amendments to the Rulebook on Clinical Trials of Human Medicine, further facilitating the conduct of clinical trials in Serbia by streamlining procedures and lifting certain administrative burdens. The amendments took into account many of the comments and proposals submitted by the professional public, NGOs and […]...

The Romanian Company Law no. 31/1990 has been amended through the recent Law no. 299/2024 to better align with technological developments and the evolving needs of the business landscape. Notably, a key update is enabling remote (online) attendance and electronic voting in general shareholder meetings, among other relevant revisions. Convening and Holding General Shareholder Meetings Secondary Offices […]...

On 25 November 2024, the Cabinet of Ministers of Ukraine approved Resolution No. 1332. This resolution introduced a series of changes to the temporary postponement of call-up for military service procedure, also known as reservation, as well as to the requirements for companies to be designated as critically important to the national economy and to […]...

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 […]...