Client Alerts

In response to the 4th wave of the pandemic, the Government Decree 598/2021 (X. 28.) (the “Government Decree“) in Hungary grants employers the right to unilaterally choose to require their employees to be vaccinated against COVID-19.   Employers should take into consideration the following when requiring vaccination: Based on the wording of the Government Decree, […]...

A new draft law in Romania prevents access to the workplace absent a Covid-19 Green Certificate. The new measures are applicable during the state of alert for, among others, all employers (public or private) which have offices in buildings where there are more than 50 people at a time. The draft law is a result […]...

Introduction Earlier this month, some important legislative changes were announced regarding the METAR tender, which aims to support renewable energy producers. The most significant amendments to NFM Decree 62/2016 (XII. 28.), which contain the rules of the tender procedure, entered into force on 2 October 2021. NFM Decree 63/2016 (XII. 28.) on the detailed rules […]...

Despite the approach of the fourth wave of Covid-19 in Poland, employers are becoming bolder in expressing their desire to return to a regular working pattern. The fact that we are slowly getting used to Covid-19 has resulted in approximately 88% of employers wanting their employees to return to their offices. Is this the best […]...

Private equity had a strong start in 2021, and its popularity only continues to rise, with significant activity in Central and Eastern Europe. It is an important segment of the M&A market, and projections for continued investment remain high. Understanding the local investment landscape and legal requirements surrounding private equity is a fundamental first step. […]...

10 October 2021 is the final deadline for the submission of information and documents with respect to the Ultimate Beneficiary Owners (UBO) of Ukrainian legal entities. There is a possibility, however, that this deadline may be extended (presumably to July 2022) if the Parliament of Ukraine adopts the draft law which, among other things, provides […]...

THE AMENDMENT OF THE HOUSING ACT BRINGS SIGNIFICANT CHANGES FOR COMMERCIAL LEASE RELATIONSHIPS On 19 June 2021, the amendment to the Housing Act  entered into force and brought a number of changes regarding Slovenian real estate legislation. With respect to the leasing of business premises, the amendment significantly changed commercial leasing regulation by repealing the […]...

The legal status of cryptocurrencies in Ukraine remained unresolved for quite some time. In the absence of a clear regulatory environment, the Ukrainian central bank declared cryptocurrencies (Bitcoin) as quasi-money/a monetary substitute, while issuing warnings about the risk of transactions in cryptocurrencies and even found signs of pyramid schemes in these transactions. At some point, […]...

Wolf Theiss lawyers Stefan Riegler, Dalibor Valincic and Oleg Temnikov analyse the involvement of state parties in arbitration, which may imply specific procedural issues. Concluding the discussion of the topics below is a short commentary on practical implications. Which rules apply? IBA Rules, Article 9 Grounds of commercial or technical confidentiality in practice Special political […]...

Czech Republic What are the current topical issues, developments, trends and challenges in corporate governance? There are a number of issues relating to the amendment to the Business Corporations Act, which are as follows: One-tier Board structure The powers of the Board of Directors were redefined with respect to the difficulties with division of powers […]...

2020 saw a downward trend in the proportion of M&A-related activist campaigns due to a slower M&A activity, whereby M&A remained the most common campaign objective. However, recent activism-related trends indicate that the global and Austrian landscape is shifting, and companies' strategies for dealing with activism should therefore also evolve. ESG activism gained momentum and the pressure for public companies to adhere to best ESG practices will continue to intensify. Sarah Wared's contribution deals as a primer on the aspects of shareholder activism in Austria....

Leopold Höher authored the Austria Chapter in the 7th edition of The Lending and Secured Finance Review....