Client Alert
Launch of new FIDIC contract conditions
The "contracts of choice" for the world's most high-profile construction and infrastructure projects have been updated. FIDIC launched revised versions of its internationally recognized Red Book, Yellow Book and Silver Book, replacing the renowned 1999 FIDIC Suite of Contracts....
Legal provisions regarding the acquisition of farmland in certain countries in CEE
The large-scale acquisition of farmland in CEE countries has been a highly debated topic for some time. This is mainly due to the relatively low price of land in comparison to that in other parts of Europe as well as the good quality of the soil. However, there has also been a constant tendency to restrict farmland acquisition to an individual country's nationals (legal entities and individuals), and to put up limitations to the acquisition of farmland by EU/European Economic Area individuals or companies....
New mandatory register for companies in Austria
The EU Commission, further incited by the Paris terrorist attacks, has declared the fight against tax avoidance, money laundering and terrorist financing a top priority; in 2018 stricter rules will enter into force also in Austria – legal entities should prepare themselves in good time....
GDPR Update: DPO Now Included in Romanian Classification of Occupations
In preparation for the EU General Data Protection Regulation ("GDPR"), which comes into force in May 2018, Romania has updated its Classification of Occupations (COR) to include data protection officers (DPOs)....
Austrian competition authority issues guidance on dawn raids
Austria's Federal Competition Authority ("FCA") has issued its first comprehensive guidance on inspections of undertakings carried out by the FCA....
Significant improvements in the Ukrainian merger filing process
On 20 September 2016, the Ukrainian competition authority (the "AMC") announced the extension of its so-called amnesty program for merger control violations for another six months....
Mandatory electronic mailboxes for legal entities
As of 1 August 2016, the Slovak Republic instituted the mandatory use of electronic mailboxes (accounts) (hereinafter the "emails") for legal entities. The obligation was introduced by Act No. 305/2013 Coll., on e-Government as amended (hereinafter the "Act on e-Government"), whereby the respective state authority was obliged to activate the emails by 1 August 2016....
The Bulgarian traders of energy products are facing the market abuse regulation
Effective as of the end of September 2016, Bulgarian traders of energy products must comply with market abuse prevention requirements....
Mandatory RES-E quota benefiting from the GC support scheme was approved
In a shift in green energy policy in Romania, the mandatory RES-Electricity quota benefiting from the green certificate support scheme was approved yesterday by the government....
Prohibited advertising in FBIH
New Law in the Federation of Bosnia and Herzegovina aims to regulate protection of merchants from prohibited advertising....
The Serbian commission for the protection of competition publicises its aftermarkets study
The Serbian Commission for the Protection of Competition recently published a market study in which it assessed the state of competition in after-sales services for motor vehicles and home appliances in 2015. The Commission also invited all interested parties to comment on the results of the study by 31 December 2016....
Slovakia: Public procurement
Do you take part in public tender procedures and conclude (concession) contracts or framework agreements with public contracting authorities? Do you receive financial means from the state budget, from EU funds or state aid? Do you use state property?...