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Newssquare Amendments to EU Council Regulation on the EU Trade Mark Enter into Force on 1 October 2017

On 23 March 2016, new regulations to the EU's Trademark Directive entered into force with Directive EU 2015/2424 of the European Parliament and of the Council. Based upon secondary legislation, a number of further provisions will be effective as of 1 October 2017 and shall facilitate the application of trade marks in Europe.

Newssquare Schattenbanken

"Schattenbanken" spielen eine immer größere Rolle bei Finanzierungen in Österreich und der CEE/SEE Region. Unter den Begriff "Schattenbanken" fallen alle Institutionen, die Finanzierungen bereitstellen, aber nicht regulierte Banken sind. Zuletzt hat sich auch die Österreichische Nationalbank intensiver mit diesen Institutionen beschäftigt und deren Bedeutung im Finanzierungsgeschäft anerkannt.

Newssquare Revised Slovenian civil procedure - a step closer to faster dispute resolution?

The amended Slovenian Civil Procedure Act ("ZPP-E") will enter into force on 14

September 2017 and will govern all proceedings initiated after this date.

Newssquare Amendments to the Croatian Foreigners Act

On 30 June 2017, the Croatian Parliament adopted extensive amendments to the existing Foreigners Act in order to implement relevant EU legislation and clarify certain provisions subject to different interpretation in practice.

Newssquare Nullity of Loan Agreements Concluded with Foreign Lenders in Croatia

Following the initiative of several consumer organizations, and based on allegations that the constitutional order has been disrupted by the lending operations of unauthorized foreign lenders, the Croatian Parliament unanimously passed the Act on Nullity of Loan Agreements with International Elements Concluded in the Republic of Croatia with Unauthorized Lenders ("Act") which entered into force on 29 July 2017. The Act has already been labelled as controversial for its retroactive effect and Croatia seems to continue down the path started by the 2015 amendments to the Consumer Credit Act forcing a retroactive conversion of CHF denominated loans.

Newssquare CYBER-KRIMINALITÄT UND DSGVO

Cyber-Kriminalität kann jeden treffen. Im Jahr 2016 stieg die Zahl der angezeigten Cyber-Delikte um 30% auf über 13.000. Überdurchschnittlich stark legten Anzeigen von Datenbeschädigungen (+ 358%) und Störungen der Funktionstätigkeit von Computersystemen (+ 72%) zu.

Newssquare Ukraine: Vertical Block Exemption Regulation Expected to be Adopted

Ukrainian competition law currently lacks guidance on various legal questions, including vertical restraints; legal uncertainty exists even with regard to clauses regularly used in distribution agreements in other jurisdictions. It is therefore a welcome development that the Antimonopoly Committee of Ukraine (the "AMC") is working on a draft Vertical Block Exemption Regulation (the "Draft Regulation"). It is doing so in view of the requirements under the Association Agreement between Ukraine and the European Union.

Newssquare Regulation (EU) 2017/1128 of the European Parliament and of the Council on Cross-Border Portability of Online Content Services in the Internal Market

OVERVIEW

With the adoption of Regulation (EU) 2017/1128 on the cross-border portability of online content services in the Union ("Portability-Regulation"), a major step towards abolishing geo-blocking in Europe was taken. The new Regulation will make online services even more attractive for consumers and together with the abolition of roaming charges which already entered into force on 15 June 2017, it is one of the objectives of the digital single market strategy to create a truly internal market for digital content and services.

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