Client Alert
NBU relaxes certain restrictions on the Ukrainian FX market
On 24 March 2016 the National Bank of Ukraine (“NBU”) approved Resolution No. 192 ("Resolution 192"), which introduced changes to the NBU's recent Resolution No. 140 dated 3 March 2016 "On Regulation of the Situation in the Monetary and Foreign Exchange Markets of Ukraine"....
EGO 7/2016 and amendments to the construction law and the planning law in Romania
Emergency Government Ordinance no. 7/2016 on several measures for acceleration of the implementation of trans-European transport infrastructure projects, as well as for the amendment and supplementation of certain legislation (“EGO 7/2016”) entered in force on 18 March 2016....
Labour law of the Federation of Bosnia and Herzegovina repealed
The Labour Law which entered into force on 20 August 2015 has been repealed and as of 16 March 2016 will no longer have any legal effect. On 17 February 2016, the Constitutional Court of the Federation of Bosnia and Herzegovina (FBiH) issued a judgment (Judgment ) stating that the Labour Law of FBiH (Labour Law) was adopted in a procedure contrary to the Rules on Procedures of the House of People of the Parliament....
A potential blow for wind power in Poland
A recent bill on wind power plant investments, sponsored by MPs of the Law and Justice party, is very controversial to say the least. In its current wording, the proposal will certainly decrease both the feasibility and profitability of wind power plant investments in Poland. Investors in this sector are particularly disappointed with the minimum distance restrictions, the increased real estate tax burden, the significant costs of obtaining and renewing the new operational permit and the zoning requirements....
Romania: Final RES-electricity quota for 2015
Since the beginning of 2016, several ANRE Orders were enacted for the regulation of the RES-Electricity market. Please receive the client alert to find out more on: i) the final mandatory quota of green certificates for 2015; ii) the estimated mandatory quota of green certificates for 2016 and iii) the green certificate prices for 2016....
Bosnia and Herzegovina: New system of corporate income taxation in Federation of BiH
The Parliament of Federation of Bosnia and Herzegovina has recently adopted new Law on Corporate Income Tax. Hoping to increase the public revenues, the government increased the tax base and brought significant changes to the system of tax incentives, withholding tax and transfer pricing....
BVergG-Novelle 2015 in Kraft – Überblick über die Änderungen sowie Leitfaden zum Bestbieterprinzip
Die Novelle zum BVergG wurde am 26.2.2016 veröffentlicht und ist mit 1.3.2016 in Kraft getreten....
Cat de sigure si previzibile juridic sunt contractele GAFTA pentru industria agri?
Avem placerea sa va impartasim cateva noutati in legatura cu contractele GAFTA, urmare in special a unor decizii luate de instantele arbitrale GAFTA si de instantele de judecata din Marea Britanie in 2015. Aceste decizii pot avea impact asupra continutului contractelor GAFTA, asa cum ele sunt incheiate de profesionistii din domeniul agri....
Untreue “neu” und Business Judgment Rule – Was hat sich wirklich geändert?
Seit 1.1.2016 ist der geänderte "Untreueparagraph" in Kraft. Zugleich hat der Gesetzgeber im Aktien- und GmbH-Recht die "Business Judgment Rule" implementiert. Wie sich die Änderungen praktisch auswirken werden, muss sich allerdings erst zeigen. Faktum ist, dass über die drohenden Folgen bei Verstoß gegen die Sorgfaltspflichten eines Geschäftsleiters zunehmend gesprochen wird und diese auch häufiger die Gerichte beschäftigen....
EU and US reach deal on safe harbour replacement
It was announced that yesterday the EU and US agreed upon a new arrangement in respect of transatlantic data flows: The Privacy Shield will in the near future deal with personal data transfer across the Atlantic. Please find out more in our attached Client Alert....
Significant changes to the Ukrainian and Serbian competition regimes
Ukraine / Serbia: On 26 January 2016, the Ukrainian Parliament took a long-awaited and significant step to improve merger control in Ukraine. The president is expected to sign the new competition act, which will enter into force at the end of April. The Serbian Parliament adopted a new decree on the content of merger control filings on 23 January 2016. The new decree provides for short form notifications starting from 2 February 2016 if a concentration meets certain conditions....
Das neue Bundesgesetz über alternative Streitbeilegung in Verbraucherangelegenheiten (AStG)
Das am 9.1.2016 in Kraft getretene Alternative-Streitbeilegungs-Gesetz (AStG) stellt neue Anforderungen an Unternehmer im B2C Bereich: Zweck des AStG ist es, Verbrauchern eine einfache, effiziente, kostengünstige Möglichkeit, zur alternativen Beilegung inländischer und grenzüberschreitender Streitigkeiten zu bieten. Neu sind daher vor allem umfassende Informationsverpflichtungen gegenüber Verbrauchern über die zuständigen AS-Stellen (Alternative-Streitbeilegungsstellen)....