Client Alerts

Mit der im April 2022 veröffentlichten Verordnung (EU) 2022/576 über restriktive Maßnahmen angesichts des Kriegs in der Ukraine wurden erstmals auch Sanktionen erlassen, die unmittelbar die Vergabe und die Ausführung öffentlicher Aufträge und Konzessionen betreffen. Das Sanktionspaket umfasst zum einen ein Zuschlagsverbot und zum anderen ein Vertragserfüllungsverbot. Gegenstand der hier relevanten Sanktionen im Bereich der […]...

(also available in Hungarian below) 1. Background As we reported earlier this year, with effect from 1 April 2021, new, competitive capacity allocation principles were introduced in the Hungarian Electricity Act, bringing conceptual changes to the previous system (see Hungary: First Publication Procedure for Power Plant Connection to Transmission Grid expected in May 2022). According […]...

Trading guarantees of origin (GoO) are becoming more popular in Hungary. Due to the increasing market demands, the Hungarian Power Exchange (HUPX) will launch an organised GoO market from 9 June 2022. Leading up to this, the HUPX recently published the Auction Code of the GoO market (i.e., the HUPX GO platform) effective from 26 […]...

A new Whistleblowing Act (‘the Act’) implementing the Directive on the Protection of Persons who Report Breaches of Union Law (Directive (EU) 2019/1937) (‘the Whistleblowing Directive’), came into force in Croatia on 23 April 2022. The new legal framework replaces the existing one which has been in force since 2019. Main protection mechanisms for whistleblowers […]...

After years with a liberal FDI regime, Romania has shifted to stricter rules for non-EU investors. The new regime entered into force on 18 April 2022. Scope of application The FDI Ordinance imposes stricter scrutiny for investments made by non-EU/ non-EU controlled investors that could potentially raise national security and public order risks or that […]...

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, […]...