Client Alert

*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 […]...

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. […]...

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 […]...

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 […]...

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 […]...

In August 2023, the Bulgarian Ministry of Health published a draft bill for amendment of the Law on Medicinal Products in the Human Medicine for public consultations. The proposed changes mark a shift towards greater transparency and regulatory control over the pharmaceutical value chain in Bulgaria. They target practices of parallel distributors which lead to […]...

In early September of this year, the President of Ukraine signed the Law “On Amendments to Certain Legislative Acts of Ukraine on Improving Legislation on Protection of Economic Competition and Activities of the Antimonopoly Committee of Ukraine” (the “Law”).  The Law launches the reform of Ukrainian antitrust legislation which had been blocked by the Ukrainian […]...

Widely debated amendments in the Bulgarian Labour Code are expected to enter into force in early 2024, elaborating on remote/hybrid work provisions introduced in local legislation in 2011. A summary of some key changes from the legislative draft can be found below. Right to Disconnect The “right to disconnect” concept was developed at the EU […]...

Although amending an employment agreement may seem a pretty standard and common option, it is not a legal possibility in every part of Bosnia and Herzegovina (BiH) The country has three employment legislations: one each for the Federation of BiH (FBiH), the Republic of Srpska (RS), and the Brčko District of BiH (BD), a special […]...

On 16 November 2023, the Romanian Government approved the draft law aimed at ratifying the Unitary Patent Court Agreement (“UPCA”). Going forward, the draft law will be sent to the Romanian Parliament for its approval. This means that Romanian inventors will soon be entitled to the Unitary Patent Right (“UPR”) and have access to the […]...

Ab 1.1.2024 gelten (geringfügig) höhere Schwellenwerte Das Wichtigste in Kürze: Neue Schwellenwerte für die Oberschwelle ab 1.1.2024 Die Europäische Kommission hat die neuen Schwellenwerte für die Vergabe von öffentlichen Aufträgen im Oberschwellenbereich veröffentlicht. Die konkreten Änderungen der Schwellenwerte betreffen die sog klassische Vergaberichtlinie 2014/24/EU, die Sektoren-Richtline 2014/25/EU, die Konzessionen-Richtline 2014/23/EU sowie die Richtline 2009/81/EG über […]...

This article is available in both English and Slovenian. On 7 November 2023, the National Assembly of the Republic of Slovenia adopted an amendment to the Employment Relationships Act (“ERA-1D“) that entered into force on 16 November 2023. The ERA-1D transposes Directive (EU) 2019/1152 on transparent and predictable working conditions in the European Union and the […]...