Client Alerts
Significant changes brought to the Romanian insolvency legislation by government emergency ordinance no. 88/2018
On 2 October 2018, the Romanian Official Gazette published Government Emergency Ordinance, ("GEO 88/2018"), for the amendments of certain regulations in the field of insolvency and other legislation. The normative acts amended by GEO 88/2018 are the following: (i) Law no. 85/2014 regarding procedures to prevent insolvency and insolvency procedures ("Insolvency Law"); (ii) Government Ordinance no. 2/2000 regarding the organisation of activities related to the judicial and extrajudicial technical survey; (iii) Government Emergency Ordinance no. 90/2017 regarding certain fiscal-budget measures, the amendment and the supplementation of normative acts and the prorogation of deadlines; and (iv) Government Emergency ordinance no. 86/2006 on the organisation of the activity conducted by the insolvency practitioners....
Adótörvény változások 2019 – Őszi adócsomag
A Kormány 2018. október 19-én nyújtotta be 2019-es őszi adótörvény módosítási csomagját. A lényegesebb változásokat az alábbiakban foglaltuk össze. Társasági Adó Jövőre bevezetésre kerülne a csoportos társasági adóalanyiság, amelyet belföldi illetőségű kapcsolt vállalkozások hozhatnak létre, amennyiben közöttük legalább 75%-os mértékű többségi befolyás áll fenn. A csoportos társasági adóalanyiság létrehozására irányuló kérelmet első alkalommal jogvesztő határidőn […]...
Federation of Bosnia and Herzegovina – Changes and amendments to the labour law
On 9 November 2018, the Law on Changes and Amendments to the Labour Law of the Federation of Bosnia and Herzegovina (initially adopted in 2016) was published in the Official Gazette of the Federation of Bosnia and Herzegovina, entering into force eight days after publishing. Some of the main changes introduced with the amended Labour […]...
Datenschutzbehörde veröffentlicht Blacklist
Verordnung über Verarbeitungsvorgänge, für die eine Datenschutz-Folgenabschätzung durchzuführen ist Am 9. November 2018 hat die österreichische Datenschutzbehörde eine Liste mit Verarbeitungsvorgängen veröffentlicht, welche in jedem Fall eine Datenschutz-Folgenabschätzung (“DSFA”) erfordern. Nach der EU Datenschutz-Grundverordnung (DSGVO) muss der Verantwortliche eine DSFA durchführen, wenn bestimmte Voraussetzungen gemäß Art 35 erfüllt sind. Die sogenannte “Blacklist”, die von den […]...
Romanian data protection authority’s decision on investigation procedure
Decision no. 161/09/10/2018 of The National Supervisory Authority for Personal Data Processing (“ANSPDCP”), on the approval of the Investigations Procedure entered into force on the 23rd of October 2018, in accordance with the powers given by the General Data Protection Regulation to the supervisory authorities. According to the new procedure, investigations can be carried out […]...
Amendment of the Austrian act against unfair competition (UWG) – The directive on the protection of know-how enters into force in early 2019
Directive (EU) 2016/943 “on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure”, adopted on 8 June 2016, will be implemented in Austria by an amendment to the Federal Act against Unfair Competition (UWG) and is to enter into force on 1 February 2019. With the implementation […]...
UWG Novelle 2018 – Die Richtlinie zum Schutz von Know-How tritt in Kraft
Die am 8.6.2016 verabschiedete Richtlinie (EU) 2016/943 “über den Schutz vertraulichen Know-hows und vertraulicher Geschäftsinformationen (Geschäftsgeheimnisse) vor rechtswidrigem Erwerb sowie rechtswidriger Nutzung und Offenlegung” wird in Österreich durch eine Novelle zum Gesetz gegen den unlauteren Wettbewerb (UWG) umgesetzt und soll mit 1.2.2019 in Kraft treten. Mit der Umsetzung der Geschäftsgeheimnis-RL der EU wird der Schutz […]...
New amendment to Polish civil code has an impact on the activity of credit institutions
The Polish Parliament recently adopted the Act of 6 December 2018 on amendment to the Civil Code (the “Act”), which may be of significance to many financial institutions and borrowers. The Act provides that long-term loans granted by financial institutions will no longer be exempt from the prohibition on charging compound interest (zakaz anatocyzmu). Polish […]...
Amendment of the Hungarian labour code
Triggering intense emotions and protestation, the bill related to the amendment of the Hungarian Labour Code has been accepted by the Parliament on the 12th of December 2018, and after signature by the President of the Republic entered into effect as of 1 January 2019. In the attached, we summarize the most furiously and frequently […]...
Trademark offensive 2.0 – Full adoption of the EU trademark directive in January 2019
Following the implementation of several new provisions of Austrian trademark law in 2017, the second amendment completely implements the EU Trademark Directive in the Austrian Trademark Act (MSchG). It modernizes the concept of trademarks in Austrian law and eases access to the legal protection system. The amendment to the Austrian Trademark Act entered into force on 14 January 2019....
Serbia: Companies to register UBOs by 31 January
On 31 December 2018, the Central Register of Ultimate Beneficial Owners (“Central Register”) has been established with the Serbian Business Register Agency (“BRA”). Serbian companies, institutions, as well as branches and representative offices established by foreign investors in Serbia, are among the entities designated by the Serbian Law on Central Register as entities whose legal […]...
AML in Bulgaria: New deadlines
On 8th of January 2019 the Rules for Implementation of the Anti-Money Laundering Act (in Bulgarian: Правилник за прилагане на Закона за мерките срещу изпирането на пари) have been published. This is the key piece of legislation that was missing from the framework introduced into the Bulgarian law with the transposition of 4th EU AML […]...