Client Alert
Host provider liability for hate speech posts and obligation to deliver user data
No liability of host providers for unlawful content of internet-users in case of timely deletion of hate speech posts | Obligation to deliver user data in case conviction is possible or not totally excluded...
Planned launch of Polish REITs in 2018
Real Estate Investment Trusts (REITs) permit investors (including small ones) to participate in the real estate market in a tax-advantaged manner. The REIT structure first appeared in the United States in 1961. It was introduced to Europe by way of REIT legislation passed in the Netherlands in 1969....
Companies’ European unique identifier
Following the adoption of the Law no. 152/2015 (amending and supplementing the national legislation regarding the registration procedure with the Trade Registry), which transposes the objectives of EU Directive 2012/17/UE of 13 June 2012 regarding the interconnection of central, commercial and companies registers, beginning with the date of 7 July 2017, individuals and legal entities that are registered with the Trade Registry will also have an European unique identifier ("EUID") allowing them to be unequivocally identified in communication between registers through the system of interconnection of central, commercial and companies registers as organized at the European Union level....
MiFID II – WAG Ministerialentwurf – Massive Änderungen
Der Ministerialentwurf (ME) zur Umsetzung des Market in Financial Instruments Directive 2014/65/EU (MiFID II) Paketes in Österreich ist am 31.3.2017 im Nationalrat eingelangt. Die Begutachtungsfrist läuft bis 24.4.2017. Mit dem ME wird die MiFID II in nationales Recht umgesetzt. Kern der Umsetzung ist ein neues BörseG 2018 und ein neues WAG 2018....
PropTech – Disrupting the real estate sector
"PropTech" is an abbreviation for Property technology. PropTech means any application in the real estate sector, be it 3D visualizing, home matching tools, crowdfunding in the RE sector, fintechs related to real estate, shared economy, smart cities, smart homes, artificial intelligence, smart contracts or building information modeling....
Defendants beware: New legislation on class actions in Poland
A NEW LAW MAY UNLOCK CLASS ACTION LITIGATION IN POLAND On June 1, 2017 new provisions on class actions will come into force in Poland. The incoming law should result in a major increase locally of this type of litigation....
Energy efficiency in the Federation of Bosnia and Herzegovina
The Law on Energy Efficiency (hereinafter: the Law) was for the first time enacted in the Federation of Bosnia and Herzegovina on 2 February 2017. The purpose of the Law is, inter alia, to achieve sustainable energy development, mitigate adverse environmental impacts and, also, increase the security of the energy supply. The Law defines energy efficiency as the relationship between the usage of energy and achieved effect in services, goods or energy. The Law entered into force on 1 April 2017....
The first action plan for the application of the GDPR has been published by the Romanian data protection authority
WHAT IS TO BE DONE BY DATA CONTROLLERS? On September 21st, 2017, the National Supervisory Authority for Personal Data Processing ("RDPA") published on its website a Guidance regarding the application of the General Data Protection Regulation (the "Guidance"), for the benefit of the data controllers performing personal data processing activities that fall under the jurisdiction of the Romanian law....
New aid scheme for energy based on biomass, biogas, and geothermal source
THE RELEVANT NUMBERS The Romanian Government approved (effective as of 14 April of this year) a State aid scheme which is aimed at stimulating investments in an area which both government officials and market players view as insufficiently developed – the production of energy (power and/or heat) from biomass, biogas, and geothermal sources....
Draft law to watch: mandatory electronic mailboxes for professionals
The Romanian Senate adopted a draft law regarding the "electronic headquarters of economic operators" (the "Draft Law"). The Draft Law regulates the mandatory use by professionals of predefined electronic mailboxes (e-mails), as identification element and means of receiving correspondence....
New data protection guidelines on GDPR
Important news in the data privacy field after the Article 29 Working Party Plenary held in October 2017: the drafts of two new guidelines were finalized and a final form of a third one was adopted. The guidelines are aimed at ensuring a harmonized application of the GDPR, after 25 May 2018....
Status update on the e-privacy regulation –The next key regulatory initiative after GDPR
On 10 January 2017, a proposal for a new Regulation of the European Parliament and of the Council concerning the respect for private life and the protection of personal data in electronic communications and repealing Directive 2002/58/EC ("e-Privacy Regulation") was published on the European Commission's website....