Client Alerts
Noi obligatii pentru comerciantii care desfasoara online activitati economice
Va informam ca acei comercianti care desfasoara activitati economice online (prin incheierea online de contracte de vanzare-cumparare de bunuri ori de prestari de servicii) au, incepand cu ianuarie 2016, obligatii suplimentare in relatie cu consumatorii care beneficiaza de serviciile sau produsele lor....
Restriction of competition by anchor tenants?
The right of an anchor tenant to prevent the lessor letting commercial premises to third parties has been scrutinized by the European Court of Justice. Such commercial lease agreements may have as their effect the restriction of competition....
The NBU cancelled prohibition on assignment of foreign currency loans but introduced additional requirements
Beginning from 11 January 2016, registration of the assignments of foreign currency loans received by Ukrainian borrowers is again allowed based on resolution no.996 of 30 December 2015 of the National Bank of Ukraine (the "NBU"). Wolf Theiss, as a member of the Ukrainian Venture Capital and Private Equity Association (UVCA) and under the auspices of UVCA, was advocating and lobbying the NBU to make this move....
New EU regulation – The end of geo-blocking when shopping online
A new EU Regulation, which will take effect on 3 December 2018, provides for borderless online shopping.(1) Traders are obliged to treat online customers equally, regardless of which EU-member state they come from. Geo-blocking will be abolished in many cases. However, digital content protected under copyright law and some other services are not yet affected by the Regulation. Following the abolition of roaming charges and the adoption of the Portability-Regulation, this new Regulation is the next step in contributing to the European Union strategy of creating a properly functioning digital internal market without unjustified geo-blocking and other forms of discrimination based on a customer's nationality, place of residence or place of establishment....
Bulgaria – Competition protection commission recommends amendments of the energy act concerning the heating sector
On 8 February 2018, the Bulgarian Competition Protection Commission ("CPC") issued a Decision in a Competition Advocacy proceeding initiated in 2017 for the assessment of conformity with Competition law of the legal framework applicable to heat energy supply legislation. The Competition Advocacy proceeding analyzed the respective sections of the Energy Act ("EA"), the Heat Energy Supply Ordinance (1) and the General Terms and Conditions of the heating companies....
Bulgaria – Amendments to the energy act in relation to REMIT to be reviewed by the competition protection commission
On 07 February 2018, the Bulgarian Competition Protection Commission ("CPC") initiated Competition Advocacy proceedings in relation to the recently proposed amendments to the Bulgarian Energy Act ("EA"), aiming to increase controlling and enforcement powers of the Bulgarian Energy and Water Regulatory Commission ("EWRC") in respect of possible energy market manipulations under REMIT (Regulation 1227/2011 on wholesale energy market integrity and transparency)....
The new law on Ukrainian limited liability companies is adopted
On 6 February 2018 the Ukrainian Parliament adopted a long-awaited Law "On Limited Liability Companies and Additional Liability Companies" No. 4666 (the "Law"). The law will supersede the legislation currently regulating the most popular type of Ukrainian companies – limited liability companies ("LLC")....
Bulgaria: Recent employment law changes restrict M&A transactions for bad employers
Protection of employees which was given strong support by Bulgarian Parliament led to difficulties in closing M&A transactions...
Bulgarian competition watchdog launches a sector inquiry into electricity markets
On 22 January 2018 the Bulgarian Competition Protection Commission ("CPC") announced that it opened a sector inquiry into the electricity markets in Bulgaria. The formal decision has not yet been published. However, the sector inquiry is expected to cover the entire electricity value chain....
The corporate income tax law — Serbia — 2015
The National Assembly of the Republic of Serbia adopted on 29 December 2015 amendments to a number of tax laws, including the Corporate Income Tax Law, Law on Tax Procedure and Tax Administration, Personal Income Tax and Law on Mandatory Social Security Contributions....
Long awaited and much anticipated: Poland’s new act on restructuring: its significance for debtors and creditors.
The majority of provisions of the new Act on Restructuring Law (Journal of Laws from 2015, item 978) (the "Restructuring Law") become effective as of the 1st of January 2016. The new law implements the so called „politics of the new or second chance” and seeks to provide balanced protection of entrepreneurs, workplaces, creditors and employees in the face of a company's financial problems. In contrast to prior law, bankruptcy and restructuring proceedings will be regulated in two separate acts....
BVergG-Novelle 2015 beschlossen / Der Letztstand im Überblick
Am 10.12.2015 hat die Novelle zum BVergG nach Vornahme letzter – nicht unwesentlicher – Änderungen den Nationalrat passiert. In Kraft treten werden die neuen Regelungen (nach entsprechender Zustimmung des Bundesrats) am 1.3.2016....