Client Alerts
Cancellation of registration of foreign investments in Ukraine
On 31 May 2016, the Parliament of Ukraine adopted amendments to several Ukrainian legislative acts resulting in cancellation of the registration of foreign investment (Draft Law No 2763). The requirement to register foreign investments had existed since 1996 and was a prerequisite for foreign investors to enjoy a number of privileges and protection under the Foreign Investments Act....
Shareholder agreements in Austria: New regulations won’t offer full protection
Assume nothing. New regulations for civil law partnerships won't prevent a contracting party from terminating a shareholder agreement. Protect yourself and consult an expert....
Serbia’s new enforcement law: creditor must choose between court enforcement or private enforcement
In Serbia, the new Law on Enforcement and Security has introduced some changes....
România: Nou caz de invalidare de către curtea constituţională a unei prevederi a codului muncii
Curtea Constituţională a declarat ca fiind neconstituţională prevederea din Codul Muncii care permitea angajatorului să suspende contractul individual de muncă pe durata cercetării disciplinare. Pentru mai multe detalii cu privire la această decizie, vă rugăm să găsiţi în acest link Client Alert-ul în varianta integrală....
Law on debt discharge to enter into force on 13 May 2016
After controversial debates, Law no. 77/2016 on discharge of mortgage-backed debts through transfer of title over immovable property (the "Law on Debt Discharge") was finally published in the Official Gazette on 28 April 2016 and will enter into force on 13 May 2016....
Official publication of the general data protection regulation
The highly anticipated revisions to the EU legal regime for data protection have now been adopted following the publication of the official texts of the General Data Protection Regulation and Data Protection Directive....
Recent developments in renewable energy claims
Starting in 2013, several investment treaty claims have been filed in the field of renewable energy against several European countries, alleging a breach of the Energy Charter Treaty. These claims are based upon legislative changes that gradually reduced the incentives provided for renewable energy investments through favorable feed-in tariffs. Such incentives were created in the last 10 to 15 years to attract renewable energy investments....
Einführung der einheitlichen europäischen Eigenerklärung (EEE)
Nachdem die Europäische Kommission im Jänner das Standardformular für die Einheitliche Europäische Eigenerklärung kundgemacht hat, ist diese seit 18.4.2016 verpflichtend bei Vergabeverfahren im Oberschwellenbereich zu berücksichtigen....
Bulgaria: New draft concessions act published
On 19 April 2016 the Bulgarian Council of Ministers published a draft for the new Concessions Act (the "Draft CA"), which will replace the current framework regulating concessions and PPPs in Bulgaria. The Draft CA comes at a time when several significant concession procedures are to be launched in Bulgaria, including the concession of Sofia Airport, the concession of the Sofia Urban Heating....
EGO 7/2016 and FIDIC contracts
Further to our newsletter sent on 31 March 2016, on the Emergency Government Ordinance no. 7/2016 we continue with an analysis on the new provisions set forth on the execution of FIDIC contracts with emphasis on the payment mechanism of amounts awarded as a result of dispute adjudication boards ("DAB") decisions....
Whistleblowing – a new must within the FSA and the financial sector
EU legislation that will enter into force in July 2016 brings new obligations for the FSA and the financial market entities....
Amendments to the Polish industrial property law
Another amendment to the Polish Industrial Property Law will come into force on 15 April 2016. This comes in addition to the already significant changes that came into force in 2015....