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Client Alerts

22 April 2020

Competition council investigations – Brief practical instruction manual

The Romanian Competition Council is assessing, (at the request of the Romanian energy regulator ANRE): (i) the manner by which energy prices are established on the centralized market (OPCOM); (ii) OPCOM's activities generally in the month of January 2017; and (iii) two transactions between yet-unidentified parties in particular. The energy price for the day ahead market ("PZU") for the first week of January was between 184.7 lei / Mhw and 279.6 lei/Mhw, and thereafter rose to 509.2 lei Mhw on 28th of January, with certain suspicious transactions appearing to have been concluded at higher-than-normal prices....

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22 April 2020

The European account preservation order at a glance – 7 questions & 7 answers

The EU Regulation No 655/2014 of 15 May 2014 established a European Account Preservation Order (“EAPO”). The Regulation became applicable as of 18 January 2017 within the EU except for the United Kingdom and Denmark ....

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22 April 2020

Claims settlement order in bankruptcy proceedings declared unconstitutional

The Constitutional Court of FBiH has found that the current order of settlement of workers' claims in bankruptcy proceedings is unconstitutional....

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22 April 2020

Improving the position of secured creditors under registered pledges in Bulgaria

Almost two decades after being adopted following the model of the World Bank and UNCITRAL for non-possessory registered pledges, the Special Pledges Act (the "Act") was substantially amended at the end of 2016. Most of the amendments take immediate effect while those concerning the digitalization of the Central Register of Special Pledges (the "Register") will come into force on 1 September 2018....

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22 April 2020

The dismissal decision can be validly communicated by e-mail

The High Court of Justice of Romania established in Decision no.34/2016, published in the Official Monitor no.18 dated 9 January 2017, that a dismissal decision which an employer communicates by e-mail is validly communicated....

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22 April 2020

Waste to energy helps to secure Europe’s energy future

Advising in utilities projects that convert waste to energy is just one way that Wolf Theiss helps clients innovate and achieve added value. In advance of his guest presentation in February at the Energy from Waste (EfW) Conference 2017 at the Royal College of Physicians in London, Partner Bryan W. Jardine of Wolf Theiss Bucharest examines the current regulatory and incentive regimes that promote EfW projects in CEE/SEE and takes a look at the wide variation between the different countries....

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22 April 2020

January 2017, new rules in financial business activities

The law on financial business activities in FBiH (law) aims at protecting and improving the position of small and medium-sized enterprises acting as creditors in financial transactions....

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22 April 2020

Regulation (EU) 2017/1128 of the European parliament and of the council on cross-border portability of online content services in the internal market

OVERVIEW With the adoption of Regulation (EU) 2017/1128 on the cross-border portability of online content services in the Union ("Portability-Regulation"), a major step towards abolishing geo-blocking in Europe was taken. The new Regulation will make online services even more attractive for consumers and together with the abolition of roaming charges which already entered into force on 15 June 2017, it is one of the objectives of the digital single market strategy to create a truly internal market for digital content and services....

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22 April 2020

Lex mercator passed in Slovenia in response to Agrokor’s sistress

The New Law Aims at Protecting Entities against the Negative Effects of Insolvency by their Majority Owners...

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22 April 2020

Betriebsanlagenverfahren neu

Elektronische Aktenführung hat auch in den Verwaltungsverfahren Einzug gefunden und unter anderem zu einer Verfahrensbeschleunigung beigetragen. Dem soll in der Novelle der Gewerbeordnung (GewO) Rechnung getragen werden:...

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22 April 2020

A review of the first six months of the revised Hungarian merger control regime

Amendments to the Hungarian Competition Act from earlier this year concerned rules relating to merger control thresholds as well as to conducting of merger control reviews....

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22 April 2020

Solar boom in Hungary

RES financial incentive scheme in Hungary – Impacts on the regulatory and investment environment of the development of photovoltaic power plants...

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