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On 15 March 2022 the Ukrainian Parliament adopted a new Law “On Arrangement of Labor Relations during Martial Law” (the “Law”). The Law has been signed by the President of Ukraine and becomes effective on 24 March 2022. The Law regulates labor relations between employers and employees, provides for more opportunities for employers towards engagement […]...

Objectives and Limitations The Romanian Ministry of Energy has recently closed the public consultation on the state aid scheme targeted at boosting investments in the construction of green hydrogen production capacity in electrolysis plants, financed via the National Recovery and Resilience Plan (NRRP).  This state aid scheme draft aims to support the expansion of green […]...

The Hungarian Electricity Transmission System Operator Ltd. (MAVIR or TSO) held a public consultation on 24 February 2022 on the long-awaited, high profile final rules for the connection of power plants to the transmission grid. 1. The New Grid Connection Procedure As we reported earlier this year, with effect from 1 April 2021, new, competitive […]...

The Hungarian Energy and Public Utility Regulatory Authority (HEPURA) approved Amendment No. 16 to the Distribution Code of Hungary on 25 January 2022. The amendment includes, inter alia, the long-awaited, far-reaching transitional rules for the connection of small power plants to the distribution grid. KEY TAKEAWAYS: The HEPURA has approved Amendment No. 16 to the […]...

The end of 2021 was marked by substantial changes to Serbia’s capital markets legislation. The Parliament first adopted a Strategy for Capital Markets Development in the period from 2021 to 2026 (“Strategy”), proceeding subsequently to amendments to the Company Law and adopting of the brand-new Capital Markets Law, in force as of 5 January 2022 […]...

As of 1 January 2022, the most recent amendments to the Hungarian Civil Code entered into force, introducing changes to the prevailing regulatory regime of certain forms of Hungarian legal entities. This update, the second in the past 12 months, concerns the corporate governance of limited liability companies (in Hungarian korlátolt felelősségű társaság) and private […]...

From this year onwards, Hungarian market participants will have to take into account several practical changes related to guarantees of origin (GoO) and the so-called energy mix disclosure. In addition to implementing EU law, the legislative changes are aimed at bringing domestic regulation on GoOs and energy mix disclosure in line with European best practices, […]...

Topics concerning Covid-19 testing and EU Covid-19 certificates raise a number of questions for employers in the private sector in Croatia. Generally, an EU digital Covid-19 certificate or testing is still only mandatory for employees and visitors of public or heath care institutions (certain exceptions may apply). Whereas for private entrepreneurs, it remains only a […]...

Private competition litigation has spread across the globe, raising specific, complex questions in each jurisdiction. The implementation of the EU Damages Directive in the Member States has furthered the ability of victims of anticompetitive conduct to seek compensation, even as US courts tighten the standards for forming a class action. The Private Litigation Guide explores […]...

Das neue Bundesgesetz über Pfandbriefe (Pfandbriefgesetz – das “PfandBG“), mit dem die Richtlinie (EU) 2019/2162 des Europäischen Parlaments und des Rates vom 27.11.2019 über die Emission gedeckter Schuldverschreibungen und die öffentliche Aufsicht über gedeckte Schuldverschreibungen und zur Änderung der Richtlinien 2009/65/EG und 2014/59/EU (“Covered Bond Richtlinie“) umgesetzt und eine einheitliche Rechtsgrundlage für gedeckte Schuldverschreibungen geschaffen […]...

On 18 December 2021, the law “On Amendments to the Tax Code of Ukraine On Stimulating the Development of the Digital Economy in Ukraine” (the “Diia City Tax Law”) was signed into law by the President of Ukraine. As 2022 approaches, the Diia City regime remains in the spotlight for Ukraine’s entire IT industry. The […]...