Client Alerts
Changes to the Polish act on competition and consumer protection
On 17 April 2016 another amendments to competition and consumers' law regime will come into force. The changes introduce new mechanisms and powers to the Competition Authority which aim at better protection of consumers, especially in relation to misselling of financial products and control of abusive clauses in standard contracts....
Regulatory push to unlock NPL sales in Bulgaria
Following the recent regulatory improvements, a potential acceleration of the Non-Performing Loans (NPLs) transactions in Bulgaria is in the spotlight for the market participants. One of the first steps in executing of the reforms, pushed by the Bulgarian National Bank, was the initiation of the Asset Quality Review (AQR) of the Bulgarian banking institutions (22 out of 28 banks operating on the local market)....
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Labour law of the Federation of Bosnia and Herzegovina repealed
The Labour Law which entered into force on 20 August 2015 has been repealed and as of 16 March 2016 will no longer have any legal effect.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....
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....
The renewable energy support scheme in Hungary is being changed
The Government published its draft legislation on 18 March 2016 aiming to override the present renewable energy support scheme of the electricity generation from renewable sources, the essential elements and expected effects of which we summarise in our latest Client Alert....
ШЕСТ МЕСЕЦА ДА УТОЧНИМ СТОКИТЕ И/ИЛИ УСЛУГИТЕ, ЗА КОИТО ТЪРСИМ ЗАКРИЛА ЧРЕЗ МАРКАТА НА ЕВРОПЕЙСКИЯ СЪЮЗ
Дългоочакваните промени в европейската правна рамка на търговските марки вече са факт - Регламент (ЕС) 2015/24241 ("Регламентът"), който е с пряка приложимост на територията на всяка държава-членка, влезе в сила на 23 март 2016 г., а Директива (ЕС) 2015/24362 ("Директивата") трябва да бъде транспонирана в националните законодателства на държавите-членки до 14 януари 2019 г....
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)....