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Newssquare Individual Exemptions and Selective Distribution Systems – The Dos and Don'ts in Serbia

Serbian competition rules dealing with agreements restricting competition are largely taken from and harmonized with EU competition rules. There is, however, one difference: in Serbia, if a restrictive agreement does not benefit from the local block exemption regulation ("BER"), the parties cannot self-assess whether their agreement meets the criteria comparable to those stipulated in Article 101(3) of the Treaty on the Functioning of the European Union. Instead, the parties must notify the agreement to the Serbian Commission for the Protection of Competition ("Commission") and request that it is individually exempted from the legal restriction.

Newssquare Central Transportation Port – Huge Investment in the Middle of Poland

THE PENNY HAS DROPPED

It's official - the Central Transportation Port (formerly known as Central Airport) will be located between Łódź and Warsaw. It is expected to compete with Europe's largest airports. The construction decision was approved by the Economic Committee of the Council of Ministers on March 15. Currently the Ministry of Infrastructure and Construction together with the Ministry of Development are preparing a resolution regulating the financing, implementation, and operation of the Central Transportation Port (CPK).

Newssquare Important changes into Romanian competition law - an overview

On 8 June 2017, Emergency Government Ordinance 39/2017 ("EGO 39") entered into force and brought a number of important changes to the Romanian Competition law. The EGO transposes the EU Damages Directive (2014/104/EU) into Romanian law and introduces a number of other changes into Romanian competition law, including inter alia: (i) a specific obligation incumbent upon modern retailers to provide, (upon request), information to the Competition Council regarding their resale prices; (ii) additional powers of the Romanian Competition Council ('RCC') during dawn raids.

Newssquare Reminder regarding deadline in Romania for risk analysis for physical security: July 1st, 2017

According to the Government Decision no. 301/2012 on the approval of the Methodological Norms for the application of Law no. 333/2003 regarding the safeguarding of objectives, assets, valuables and protection of individuals ("GD no. 301/2012"), certain entities that hold assets or other valuables regardless of the title are required to ensure proper security measures for those assets/valuables.

Newssquare The Austrian authorities have requested information on UBS account holders resident in Austria

The Austrian authorities have requested information from the Swiss Federal Tax Administration on UBS account holders resident in Austria, to check if UBS clients fulfilled their tax obligations under Austrian law. According to a notice published today, any person holding an account or who was the beneficial owner of such an account between 2006 and 2008 shall contact UBS.

Newssquare Companies' European Unique Identifier

Following the adoption of the Law no. 152/2015 (amending and supplementing the national legislation regarding the registration procedure with the Trade Registry), which transposes the objectives of EU Directive 2012/17/UE of 13 June 2012 regarding the interconnection of central, commercial and companies registers, beginning with the date of 7 July 2017, individuals and legal entities that are registered with the Trade Registry will also have an European unique identifier ("EUID") allowing them to be unequivocally identified in communication between registers through the system of interconnection of central, commercial and companies registers as organized at the European Union level.

Newssquare Defendants Beware: New Legislation on Class Actions in Poland

A NEW LAW MAY UNLOCK CLASS ACTION LITIGATION IN POLAND

On June 1, 2017 new provisions on class actions will come into force in Poland. The incoming law should result in a major increase locally of this type of litigation.

Newssquare New aid scheme for energy based on biomass, biogas, and geothermal source

THE RELEVANT NUMBERS

The Romanian Government approved (effective as of 14 April of this year) a State aid scheme which is aimed at stimulating investments in an area which both government officials and market players view as insufficiently developed – the production of energy (power and/or heat) from biomass, biogas, and geothermal sources.

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