Client Alert
Not your keys, not your coins
How safe are customers’ crypto assets in the insolvency of their crypto custodian? This article is also available in German below The bankruptcy of the crypto exchange FTX is a dramatic turn of events for the blockchain world and has further damaged confidence in the crypto market. Not only institutional investors have been affected. Many […]...
Verfassungsrechtliche Transparenzpflicht ab 1. Jänner 2023
Verfassungsrechtlich verankerte Transparenzpflicht trifft auch öffentliche Auftraggeber Mit 1. Jänner 2023 tritt eine durch den Nationalrat beschlossene verfassungsgesetzliche Transparenzpflicht des Art 20 Abs 5 Bundesverfassungsgesetz (“B-VG”) in Kraft, welche konkrete Veröffentlichungsverpflichtungen vorsieht. Studien, Gutachten und Umfragen samt deren Kosten sind zu veröffentlichen Die in Art 20 Abs 5 B-VG neu verankerte Transparenzpflicht legt fest, dass […]...
Slovenia – New rules on end-user agreements for electronic communications services
Electronic Communications Act 2 The new Electronic Communications Act has been adopted and is applicable as of 10 November 2022. The main reason for adopting the new Electronic Communications Act (ECA-2) is the transposition of the Electronic Communications Code (Directive (EU) 2018/1972). While ECA-2 has introduced numerous changes to the regulatory framework for electronic communications […]...
Romania: The single industrial license – one step closer to less bureaucracy
The Government Emergency Ordinance no. 140/2022 regarding the single industrial license (“GEO 140/2022”) was published in the Official Gazette on October 20, 2022 and entered into force on its publication date. As a general note, GEO 140/2022 sets out the legal framework regarding the issuance of the single industrial license and aims to simplify the […]...
New Slovenian Prevention of Restriction of Competition Act
The new Prevention of Restriction of Competition Act1 (“PRCA-2”) entered into force on 26 October 2022 and will apply as of 26 January 2023. PRCA-2 was adopted to ensure a more effective implementation of the tasks and competences of the Competition Protection Agency and in order to transpose Directive (EU) 2019/1 to empower the competition […]...
Slovakia: Labour Code amendment focuses on transparency & work life balance
Working conditions and work-life balance are the focus of new legislative trends The aim of the Labour Code amendment which imposes new obligations on employers is to secure transparent and predictable working conditions, and to bring about a better work-life balance for employees. This relatively extensive amendment transposes the EU Directive on transparent and predictable […]...
Slovenia – it’s time to revise your consumer protection compliance
Consumer Protection Act 1.0 The new Consumer Protection Act entered into force on 26 October 2022, and it is set to apply as of 26 January 2023 The main legislative changes brought by the new Consumer Protection Act (“CPA-1”) relate to the transposition of Directive 2019/771/EU (the Sale of Goods Directive), Directive 2019/770/EU (the Digital […]...
Significant overhaul of the Romanian labour code
The Romanian Labour Code has recently experienced significant changes. On 19 October 2022, Law 283/2022 for the amendment and complement of Law 53/2003 – the Labour Code, as well as for the amendment and complement of GEO 57/2019 regarding the Administrative Code was published in the Official Gazette. Focusing on the employment side of Law 283/2022, through these […]...
The Unitary Patent System creates a new possibility for patent protection in the European landscape
*this article is available for download below in English and German Unitary Patent System offers new opportunities for companies in Europe and will strongly influence strategic considerations After years of negotiations, the European patent with unitary effect (“Unitary Patent”) and the Unified Patent Court are about to come into existence. This will add a new […]...
Slovenia: state aid to businesses in times of an energy crisis
*available also in Slovenian below Government provides non-reimbursable grants for businesses to cope with extremely large increases in energy prices On 10 September 2022, the Law determining the aid to the economy due to high electricity and natural gas prices1 (“ZPGVCEP”) entered into force. The state will provide non-reimbursable grants to businesses to co-finance the […]...
EU sanctions against Russia and updates to compliance programmes
Newest EU sanctions take direct aim at oil shipments. Enforcement in certain areas remains problematic After Russia recently illegally annexed several regions of Ukraine (Donetsk, Luhansk, Zaporizhzhia and Kherson) in late September, the response of the European Union came quickly and as anticipated. By adopting its eighth package of sanctions, the EU joins the Group […]...
GDPR damages: EU Advocate General does not let liability get out of hand
No punitive damages – no damages without damage – no “de-minimis” damages Today, the Advocate General delivered his eagerly awaited opinion in case C-300/21. The case deals with fundamental questions as to the conditions under which non-material damages are to be paid for violations of the General Data Protection Regulation (GDPR). The Austrian Supreme Court […]...