Wolf Theiss

Client Alerts

Newssquare UKRAINE: NEW INVESTMENT AND FINANCIAL MARKETS LAW

The Ukrainian capital market has been in poor condition for quite some time and could arguably be described as not existing at all. However, there may be a breakthrough, at least on the legal side, which could help the Ukrainian capital market, involving stocks, bonds, derivatives and other instruments, to make a significant leap forward and create opportunities for investors, traders and companies, including small and medium size, seeking to raise equity or debt in public markets.

In order to learn more, please download the file below.

Newssquare FURTHER TIGHTENING OF FOREIGN DIRECT INVESTMENT SCREENING IN HUNGARY

On 17 June 2020, the Hungarian Parliament reconfirmed in a new act the rules adopted by the Hungarian Government earlier in May 2020 which substantially expanded the requirements for all foreign investors to seek prior ministerial approval for their investments in Hungarian companies engaged in certain strategic industries. The strategic industries covered by the screening requirement in the new act are now wide-ranging and go far beyond the previous scope of Hungary's FDI screening requirements.

In order to learn more, please download the file below.

Newssquare POTENTIAL CHANGES CONCERNING SALE OF AGRICULTURAL LAND IN ROMANIA

The Romanian Parliament has recently passed a draft law which would amend Law no. 17/2014 concerning the sale of agricultural land located outside of the "built-up area" – in Romanian, extravilan – which will significantly impact future real estate transactions if this draft law is promulgated in its current form by the President.

In order to learn more, please download the file below.

Newssquare COVID-19 Logbook: Romanian Legal Updates – Days 82 – 94, 4th June – 15th June

GENERAL INTEREST & EMPLOYMENT

In today's newsletter, we will analyze the following legislation in Romania:

• Government Decision no. 465/2020 on amending Government Decision no. 394/2020 concerning the national alert status;

• Government Emergency Ordinance no. 97/2020 on implementing certain assistance rights and benefits in business areas that continue to fall under COVID-19 restrictions (GEO 97/2020);

• Order no. 456/2020 on approving the Procedure on implementing support measures for employers and employees in context of the COVID-19 outbreak;

• Order no. 1069/2020 for the amendment and completion of the Order no. 414/2020 regarding the quarantine measures in case of COVID-19.

In...

Newssquare The Austria Chapter in The Government Procurement Review – 8th Edition

Government contracts account for 10 to 20 per cent of gross domestic product in any given country. For foreign bidders it is crucial to gain a full understanding of national procurement markets. Philipp J. Marboe's contribution provides such an insight for Austria, including the pertaining plans by the new government.

Newssquare QUESTIONS STILL REMAIN FOR UK INSURANCE UNDERTAKINGS IN BULGARIA POST-BREXIT

In the increasingly likely event of a no-deal Brexit, many questions remain for UK insurance undertakings in Bulgaria. Apart from regulatory treatment aspects, a no-deal Brexit raises many other legal questions such as the application of choice of law and jurisdiction rules, data migration & protection rules, competition rules and other legal issues which are of importance to the insurance industry.

Our lawyers in Sofia examine the possible outcomes and implications in detail for stakeholders in Bulgaria. In order to learn more, please download the file below.

Newssquare POLAND: ALLEVIATION OF RESTRICTIONS ON BUSINESS ACTIVITIES AND SOCIAL LIFE

Poland – All provisions of the Regulation of the Council of Ministers of 29 May 2020 on introduction of specific limitations and restrictions connected with the state of epidemy within the territory of the Republic of Poland came into force on 06.06.2020.

Further alleviation of restrictions on business activity and social life are included, and many sectors may resume business activity, for example swimming pools, gyms, fitness clubs, cinemas and theaters.

In order to learn more, please download the file below.

 

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