Client Alert
Croatia’s switch to EUR: checklist for companies
The Croatian Companies Act has been recently amended in order to set the rules for conversion of share capital and stock / share amounts from HRK to EUR. We have prepared a checklist of actions companies should take to implement mandatory conversions. New EUR amounts The table below sets out new EUR amounts of minimum […]...
Whistleblower Protection in Slovenia
Available also in Slovenian below A law for whistleblower protection in the private sector was adopted in Slovenia, which introduces new requirements for internal compliance checks. Is your company ready? The Slovenian Parliament has adopted the Whistleblower Protection Act (“Act“) which will enter into force on 22 February 2023. The Act transposes the provisions of Directive […]...
Ukraine: new regulations allow the postponement of military service for employees in “critical companies”
In late January 2023, the Cabinet of Ministers of Ukraine approved two new regulations: (i) a new procedure for the “reservation” of employees eligible for military service, and (ii) a procedure for defining the undertakings (companies and enterprises) critical for the functioning of the Ukrainian economy and ensuring the vital activities of the population during […]...
Czech Republic: Ministry of Labour and Social Affairs has submitted a draft amendment to the Labour Code
The amendment introduces holiday leave for employees hired outside of a standard employment relationship, specifies rules for working from home as well as simplifies e-communication. Although the deadline for transposing the EU’s a) Work-life Balance Directive and b) Transparent and Predictable Working Conditions Directive into national law has already passed, the changes needed to reflect […]...
Schwellenwerteverordnung 2023 veröffentlicht
Neue/alte Schwellenwerte ab 7.2.2023 Nach langem politischen Hin und Her wurde heute die Schwellenwerteverordnung 2023, welche bereits im Rundschreiben des Bundesministeriums für Justiz (BMJ) am 23.12.2022 angekündigt wurde, endlich veröffentlicht (kundgemacht). Mit der Schwellenwerteverordnung 2023 gelten ab morgen, 7.2.2023, wieder die bereits bekannten “alten” Schwellenwerte der Schwellenwerteverordnung 2018 (siehe nachstehende Tabelle). Insbesondere sind Direktvergaben nun […]...
Bulgaria adopts new whistleblowing legislation
The new Act enters into force in 3 months, requiring some companies to implement internal procedures by May 2023 On 27 January 2023, the Bulgarian Parliament adopted the Act on the Protection of Persons who Report Breaches (the “Whistleblowing Act”, Закон за защита на лицата, подаващи сигнали или публично оповестяващи информация за нарушения). Adopted after […]...
Ukraine updates its Copyright Regulation based on principles of EU law
The IT industry in Ukraine remains one of the key drivers of the Ukrainian economy even despite the market turmoil in the times of war. Alongside this, the constant development of technology and the need to honour obligations and commitments to implement EU law in terms of copyright and related rights requires certain amendments to […]...
Romania’s implementation of the Restructuring Directive
Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (the “Restructuring Directive“) aims to provide an updated and […]...
Unified Patent Court operational in Austria and Slovenia starting June 2023
The Unified Patent Court (“UPC”) will have local divisions of the Court of First Instance in two Wolf Theiss jurisdictions: Austria and Slovenia. In Ljubljana, Slovenia there will also be a seat of the patent mediation and arbitration centre. Austria and Slovenia have both signed the Agreement on a Unified Patent Court (“UPCA”) and each […]...
Ukraine introduces new regulations aimed at preventing workplace mobbing
On 11 December 2022, the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine on Preventing and Counteracting Mobbing (Harassment)” (the “Mobbing Law”) became effective. Among other things, the Mobbing Law: (1) introduces the new legal term “mobbing” and specifies its forms; (2) provides for new grounds for termination of employment relations due […]...
Corporate Sustainability Reporting Directive – New reporting requirements for undertakings in the EU
available also in Slovenian below The Corporate Sustainability Reporting Directive (“CSRD”)1 entered into force on 5 January 2023. The CSRD must be transposed into the national laws of EU member states by 6 July 2024. Summary of key points: • the CSRD amends and strengthens the existing rules on reporting sustainability information, creating new uniform […]...
One Step Closer to Legislative Clarity for Renewable Energy Projects in Romania
Law 21 / 2023 for the Amendment of the Construction Law no. 50 / 1991 (“Law 21 / 2023”) was published in the Official Gazette on 10 January 2023 and will enter into force on 13 January 2023. Law 21 / 2023 is intended to bring legislative clarity to the development of renewable energy projects […]...