Client Alert

26 February 2024

Bosnia and Herzegovina Adopts Sweeping Reforms with New Anti-Money Laundering and Counter Terrorism Financing Law

In a decisive move, the Parliament of Bosnia and Herzegovina (BiH), convened in a 2nd emergency session of the House Peoples on 16th February 2024 and passed a new Law on Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF Law). The urgency of its adoption was underscored by the imminent fifth round of evaluation by MONEYVALL, scheduled […]...

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19 February 2024

Czech Republic: The Consolidation Package and its impact on Labour Law and HR

Practical effects & future outlook As of 1 January 2024, a significant portion of the Consolidation Package (Act No. 349/2023 Coll.) came into effect. However, certain modifications introduced by the Consolidation Package in the field of labour law have not yet been fully implemented in practice, while some other notable changes will take effect from […]...

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14 February 2024

Life Sciences Bulletin: Recent notable changes to life sciences regulation in Hungary

A reorganisation of the authorities regulating the pharma sector and new legislative pieces havebrought notable changes to the life sciences sector in Hungary. The key changes over the last few months have been:...

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1 February 2024

European Commission proposes five substantial initiatives to enhance EU economic security 

Once implemented, those initiatives will require significantly more efforts from parties involved in trade and foreign investments to ensure regulatory compliance. The pursued security aims will lead to enhanced monitoring, assessments and controls being put in place, which will have to be factored into a reframed regulatory compliance approach by affected parties. In late January […]...

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24 January 2024

Life Sciences Bulletin: The managed entry agreements race in Slovakia

As 2023 drew to a close, the pharmaceutical sector in Slovakia saw a notably busy period due to a looming deadline for the conclusion of Managed Entry Agreements (MEAs).  All medicinal products previously subject to conditional reimbursement were required to undergo resubmission, culminating in the conclusion of MEAs with the Ministry of Health by the […]...

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18 January 2024

Employment Brief:  New rules on platform work in Croatia

Changes to the Croatian Labor Act, governing work for digital platforms, took effect on January 1, 2024. Croatia opted to regulate platform work before the formal adoption of the EU Platform Work Directive. What are the main novelties? Work organization Digital working platforms (e.g., companies offering services through mobile apps for transport or food delivery) […]...

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16 January 2024

Changes to Hungarian employment law in 2024

This article is available in both English and Hungarian. This year several employment law rules of practical relevance will change in Hungary. These changes will have different entry into force dates, and are all briefly summarised below. Child and parental leave allocation As of 1 January 2024, the conditions for granting child and parental leave […]...

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15 January 2024

New opportunities for on-site electricity producers and suppliers in Hungary

*This article is available in both English and Hungarian. In the evolving landscape of the Hungarian energy market, there is a growing emphasis on transitioning to self-sufficiency and on-site energy which helps with substantial costs and energy losses associated with transmission. As a result, there is an increasing interest in the industrial sector and commercial […]...

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1 January 2024

Hungary’s new visa programme 2024

Extensive experience in supporting your investments in Hungary and across CEE/SEE In December 2023, Parliament passed a bill to reform the Hungarian immigration system. Act XC of 2023, which entered into force on 1 January 2024, introduces the guest investor residence permit with effect from 1 July 2024, thus re-launching the Hungarian “Golden Visa” programme. […]...

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21 December 2023

On steep hills: Hungary tightens rules on the clearance of foreign investments

The current rules on foreign direct investments (FDI), which are already quite restrictive, will be tightened further from January next year: the current exemptions will be narrowed, and the Hungarian State will have a right of first refusal for solar power plant investments. The government is trying to address a long-standing and sensitive issue for […]...

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21 December 2023

Hungary narrows exemptions under its alternative FDI screening regime

The current Hungarian rules on the screening of foreign direct investments (FDI), which are already unprecedently restrictive, will be further tightened from mid-January next year by narrowing the available exemptions from the filing obligation. Last week, the Hungarian Government passed a decree amending certain provisions of the so-called “alternative” FDI screening regime. The amended rules […]...

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19 December 2023

Changes to Hungary’s immigration rules 

As of 1 January 2024, the Hungarian Parliament is expected to introduce a new framework for the conditions of residence and employment of third-country nationals in Hungary, significantly rewriting the existing rules. Based on the currently effective Act II of 2007, employees – on general basis – can secure their longer-term employment with a residence […]...

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