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Covid-19

Staying steady on fluid ground

Companies are facing many novel legal questions that require expert information and legal analysis. Developments related to COVID-19 are unfolding quickly, and we provide regular updates on this site, where you can find in-depth information about legal developments related to COVID-19 across CEE/SEE. 

Please reach out to us with any questions regarding how the crisis may impact your business.

All content is current as of the date of publication.

Does your business need support in implementing a work from home policy? We are pleased to offer our online collaboration platform WT SPACE to support you during the current COVID-19 pandemic.

Click here to get more information or contact us at space@wolftheiss.com.

Wide-reaching legal measures  ⌃

15-12-20
DECISION-MAKING BY SHAREHOLDERS OF SLOVENIAN COMPANIES DURING COVID-19
As a result of recently enacted COVID19-related legislation in Slovenia, referred to as "ZIUOPDVE", companies are now permitted to carry out general meetings without the requirement of the physical presence of shareholders or their proxies.… Read more
12-11-20
CZECH REPUBLIC: INSOLVENCY PROCEEDINGS UNDER THE NEW LEX COVID JUSTICE II – COVID-19 LEGAL UPDATE
In connection with the second wave of the COVID-19 pandemic in the Czech Republic, the government has already extended some of the support measures from the spring of 2020, as well as adopted new ones. On 10 November 2020, the Czech Parliament… Read more
11-11-20
HUNGARY: STATE OF EMERGENCY, SECURITY MEASURES AND TAX ALLOWANCES/SUBSIDIES REINTRODUCED DUE TO SECOND WAVE OF COVID-19
Hungary has extended its state of emergency until 8 February 2021 in order to deal with the Covid-19 epidemic. The government has also passed further security measures including a curfew and store restrictions which will remain in effect until 11… Read more
04-11-20
SLOVAKIA: EMPLOYERS AND BUSINESS OPERATORS MUST NOW REQUIRE A COVID-19 MEDICAL CERTIFICATE FOR PERSONS TO ENTER THE PREMISES OR WORKPLACE
The Slovak Public Health Authority has issued a decree requiring employers and business operators to require evidence of a COVID-19 medical certificate in order to enter the business premises or workplace. As a part of the emergency situation in… Read more
27-10-20
NEW MEASURES IN THE CZECH REPUBLIC IMPOSE OBLIGATORY HOME OFFICE AND CURB FREE MOVEMENT OF PERSONS
Yesterday the Czech Government announced additional measures aimed at curbing the spread of Covid-19. The newest measures are the most recent efforts taken by the authorities following the state of emergency declared on 30 September 2020 and the… Read more
23-10-20
PARTIAL LOCKDOWN IN SLOVAKIA FROM 24 OCTOBER 2020 UNTIL 8 NOVEMBER 2020
The Slovak government declared a state of emergency, which applies as of 1 October 2020 in Slovakia. Following the increasing number of COVID-19 cases, on 22 October 2020, the government introduced nationwide testing of the Slovak population by rapid… Read more

22-10-20
CZECH REPUBLIC ENTERS SECOND LOCKDOWN DUE TO COVID-19
Following a declaration of a State of Emergency at the end of September 2020, yesterday the Czech Republic announced a second lockdown in order to address the rising number of Covid-19 cases in the country. Along with the closure of many retail… Read more
13-08-20
SERBIA – NEW STATE SUPPORT MEASURES TO ALLEVIATE THE ECONOMIC IMPACT OF THE COVID-19 OUTBREAK
As the COVID-19 pandemic evolves in Serbia, many businesses and citizens have continued to experience financial hardships throughout this summer despite the financial assistance provided by the Government of Serbia ("Government") and the National… Read more
23-06-20
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… Read more
18-06-20
COVID-19 Logbook: Romanian Legal Updates – Days 82 – 94, 4th June – 15th June
GENERAL INTEREST / EMPLOYMENT In today's newsletter, we will analyse the following legislation: Government Decision no. 465/2020 on amending Government Decision no. 394/2020 concerning the national alert status; Government Emergency Ordinance… Read more
05-06-20
COVID-19 Logbook: Romanian Legal Updates – Days 73 – 81, 26th May – 3rd June
GENERAL / EMPLOYMENT / TMT For today's newsletter we shall analyse the following legislation: Government Emergency Ordinance no. 86/2020 (GEO 86/2020) on amending Government Emergency Ordinance no. 63/2020 concerning COVID-19 advertisement… Read more
04-06-20
SLOVENIA – NATIONAL ASSEMBLY ADOPTS NEW INTERVENTION ACT PROVIDING SUPPORT FOR POST-EPIDEMIC PERIOD
Simultaneously with the official end of epidemic in Slovenia on 31 May 2020, the second set of intervention measures (ZIUZEOP) ceased to apply. Since the negative effects of COVID-19 outbreak are still felt by the economy, the legislator adopted… Read more
20-05-20
LEGAL AND DIGITAL CHANGE IN THE BULGARIAN INSURANCE INDUSTRY RESULTING FROM COVID-19
The Bulgarian and European insurance industries are experiencing uncertain times amid the effects of the lockdown imposed by national governments in their attempt to control the spread of COVID-19. While some countries are exploring their options… Read more
20-05-20
COVID-19 Logbook: Romanian Legal Updates – Day 62 - 66 - 17th – 19th May
For today's newsletter we shall analyse the following legislation concerning the newly adopted alert status in Romania: Government Emergency Ordinance no. 70/2020 (GEO 70/2020) on implementing certain transitory measures in the context of the… Read more
07-05-20
COVID-19 Logbook: Romanian Legal Updates – Day 41-53 – 24th April - 7th May
STATE-AID / HEALTHCARE / DISPUTE RESOLUTION / FISCAL / FOOD RETAIL / TRANSPORTATION / TMT For today's newsletter we shall analyse the following: Decision no. 734/12.05.2020 issued by the Superior Council of Magistracy (”Decision 734/2012”); Gove… Read more
04-05-20
Slovenian courts in the times of Coronavirus
HAVE CREDITORS BEEN LEFT WITH NOTHING? Creditors have noted an increased deterioration of their contractual partners' payment discipline caused by governmental measures aimed at curbing the COVID-19 virus. Courts do not offer effective legal… Read more
23-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAY 38-39 – 22ND -23RD APRIL
DISPUTE RESOLUTION / TAX / EMPLOYMENT For today's newsletter we shall analyse the following: Government Emergency Ordinance ("GEO") no. 48/2020 concerning certain financial & tax measures; Measures taken by the Romanian courts in order to… Read more
23-04-20
POLAND: RESCUE PACKAGE 2.0
In connection with the spread of the COVID-19, further legislative steps were taken at the end of last week: over 60 Polish acts were amended and new solutions introduced to counteract the negative socio-economic effects of the pandemic. We invite… Read more
21-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAY 33-37 – 16TH-21ST APRIL
EMPLOYMENT For today's newsletter we shall analyse the measures adopted by the following: Press release issued by the Ministry of Labor and Social Security regarding the extension of the deadlines for the submission of necessary documents in… Read more
17-04-20
HUNGARY TO RAISE FUNDS THROUGH TAXES ON RETAIL BUSINESSES AND BANKS TO FINANCE MEASURES FOR COVID-19
The Ministry of Finance expects to raise, by levying a retail tax and a bank surtax, additional revenues amounting to HUF 91 billion (approximately EUR 260 million) which will contribute to financing measures for the COVID-19 outbreak. In order to… Read more
16-04-20
SERBIA - GOVERNMENT MEASURES TO ALLEVIATE THE ECONOMIC IMPACT OF THE COVID-19 OUTBREAK
On 10 April 2020, the Government of the Republic of Serbia adopted a long-awaited legal framework for the implementation of its economic stimulus package aimed at mitigating the negative impact of the COVID-19 outbreak on business, with immediate… Read more
15-04-20
AUSTRIA - CORONA-RELIEF FUND
GUIDELINES FOR THE ISSUANCE OF GUARANTEES AND DIRECT LOANS FROM THE EUR 15 BILLION CORONA-RELIEF FUND By way of Ordinance BGBl. II 143/2020, and on the basis of Section 3b para. 3 of the ABBAG-Act (3rd COVID-19 Act, BGBl. I No. 23/2020), the… Read more
15-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAY 28-32 – 13TH-15TH APRIL
EMPLOYMENT / DISPUTE RESOLUTION / HEALTHCARE / CORPORATE / STATE-AID For today's newsletter we shall analyse the measures adopted by the following: Presidential Decree no. 240/2020 on extending the emergency status; European Commission Press… Read more
10-04-20
STATE SUPPORT MEASURES AVAILABLE FOR COMPANIES IN ROMANIA IN THE CONTEXT OF COVID-19
First, the Romanian Government approved, via GEO 30/2020, a support scheme for technical unemployment (furlough). In an attempt to prevent dismissals to the maximum extent possible, the Government repeatedly simplified the procedure for obtaining the… Read more
10-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAY 23-25 – 8TH-10TH APRIL
STATE-AID / HEALTHCARE / BANKING & FINANCE For today's newsletter we shall analyse the measures adopted by the following: Military Ordinance no. 8/2020; Government Emergency Ordinance no. 38/2020 for using electronic documents within public… Read more
05-05-20
THE FEDERATION OF BOSNIA AND HERZEGOVINA: MUCH ANTICIPATED LEGISLATION ADOPTED TO MITIGATE ECONOMIC EFFECTS OF COVID-19
On 4 May 2020, the Parliament of the Federation of Bosnia and Herzegovina (FBIH) adopted the Law on the Mitigation of the Negative Economic Consequences of COVID-19 (Stabilisation Law) in the urgent parliamentary procedure. The Stabilisation Law… Read more
10-04-20
UPDATE: RELAXATION OF THE GENERAL BAN ON ACCESS TO SHOPS
The Ordinance of the Federal Minister of Social Affairs, Health, Care and Consumer Protection concerning interim measures to prevent the dissemination of COVID-19 (Federal Law Gazette II No. 96/2020) has prohibited access to the customer areas of… Read more
10-04-20
SLOVENIA'S THIRD COVID-19 LEGISLATIVE PACKAGE PROVIDES RENT SUBSIDIES FOR COMMERCIAL PREMISES
The Slovenian government is currently working on a third COVID-19 legislative package which, among others, foresees rent subsidies for commercial premises for the duration of the COVID-19 epidemic. In the attached file we have outlined the measures… Read more
03-04-20
SERBIAN MEASURES TO TACKLE THE EFFECTS OF COVID-19-LATEST UPDATES
Since the first coronavirus patient was registered in Serbia on 6 March 2020, the Government of Republic of Serbia ("Government") imposed an array of restrictions to prevent the emergence and spread of the infectious illness COVID-19, including a… Read more
08-04-20
THE FEDERATION OF BOSNIA AND HERZEGOVINA: GOVERNMENT INTRODUCES LEGISLATION TO MITIGATE ECONOMIC EFFECTS OF COVID-19 PANDEMIC
On 6 April 2020, the Government of the Federation of Bosnia and Herzegovina (FBIH) determined the proposal of the Law on Mitigation of Negative Economic Consequences (Stabilisation Law) and referred it to the urgent parliamentary procedure. The… Read more
07-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAY 22 – 7TH APRIL
STATE-AID / HEALTHCARE For today's newsletter we shall analyse the measures adopted by the following: Military Ordinance no. 7 ("MO no. 7/2020"); Government Emergency Ordinance ("GEO") no. 42/2020 for amending the SMEs support program, as well… Read more
07-04-20
HUNGARY: CHANGES IN RULES OF CIVIL PROCEDURE DURING COVID-19 CRISIS
Due to the COVID-19 crisis, the Hungarian government has declared a state of emergency as of 11 March 2020 by Government Decree 40/2020 (III.11.). As a result of the state of emergency, several economic measures have been introduced which are to be… Read more
06-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAYS 18 - 21 3RD – 6TH APRIL
BANKING & FINANCE / EMPLOYMENT European and national finance authorities are pushing for deadline extensions during the COVID-19 pandemic in order to help regulated entities. The Government launches a digital platform for obtaining the state support… Read more
03-04-20
DISPUTE RESOLUTION INSIDER SPECIAL EDITION: COVID-19
Welcome to this special edition of the DR Insider, the regularly published Newsletter of the Wolf Theiss Disputes Group, in which we provide an overview of recent developments in CEE/SEE. In this special issue, we address challenges and questions… Read more
02-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAY 17 – 2ND APRIL
HEALTHCARE / EMPLOYMENT The State measures aimed at limiting the effects of the pandemic continue with a relaxation of the regulatory authorisation process of the medical devices used in the prevention and treatment of COVID-19 disease, in an… Read more
01-04-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAYS 12-16 28TH MARCH – 1ST APRIL
HEALTHCARE / BANKING / EMPLOYMENT / FISCAL As the emergency status continues in Romania a long list of measures have been taken in the last recent days. As such, the Government established a quarantine perimeter around the city of Suceava due to… Read more
30-03-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES – DAY 10-11 – 26TH-27TH MARCH
HEALTHCARE / BANKING AND FINANCE / DISPUTE RESOLUTION / COMPETITION As the emergency status continues in Romania: (i) the Judges section of the Supreme Council of Magistrates ("CSM") has decided to step in to unify the practice in Romania and… Read more
27-03-20
CURFEW IN HUNGARY
On 27 March the Hungarian Government introduced curfew in Hungary effective between 28 March and 11 April. In order to learn more about the restrictions that are most relevant for businesses, please open the attached file. Read more
25-03-20
COVID-19 Logbook: Romanian Legal Updates - Days 8-9 – 24-25 March
SOCIAL / BANKING & FINANCE / EMPLOYMENT / COMPETITION We continue our COVID-19 Logbook: Legal Updates series and we follow up today with measures taken by the Government to limit the movement of people. We analysed third Military Ordinance issued by… Read more
25-03-20
STANDSTILL MEASURES IN BULGARIA OVER CONSEQUENCES DUE TO PAYMENT DEFAULT
The Bulgarian parliament introduced a standstill period concerning the monetary and non-monetary consequences which arise from payment default under all type of contracts, among other measures in the Act on the measures and actions during the state… Read more
23-03-20
Croatian Measures to Tackle the Effects of COVID-19
On 19 March 2020, the Croatian parliament passed the first legislative package that resulted in 66 measures to help the economy cope with the COVID-19 pandemic. The measures are mainly aimed at ensuring liquidity of enterprises and preserving… Read more
23-03-20
COVID-19 Logbook: Legal Updates - Day 5-7
SOCIAL / STATE AID / EMPLOYMENT / CORPORATE / CRIMINAL LAW We continue our COVID-19 Logbook: Legal Updates series and we follow up today with measures taken by the Government as to boost the business environment and to improve the social security in… Read more
20-03-20
COVID-19 UND VERWALTUNGSRECHTLICHE VERFAHREN
Mit dem 23.3.2020 soll das "2. COVID-19-Gesetz" in Kraft treten, das Erleichterungen in einer Vielzahl von Rechtsgebieten bringen soll, in denen Bürger, Behörden und Justiz durch die aktuelle COVID-19-Krise belastet sind. Der Entwurf dazu wurde am… Read more
20-03-20
COVID-19 LEGAL UPDATE – CZECH REPUBLIC
As of 12 March 2020, a state of national emergency has been declared in the Czech Republic by a decree of the Czech government (No. 69/2020 Coll.) for a period of 30 days in response to the COVID-19 epidemic. Additional emergency measures were… Read more
20-03-20
HUNGARY: NEW LENDING MARKET PROVISIONS DUE TO COVID-19
Due to the COVID-19 outbreak, the Hungarian government has declared a state of emergency as of 11 March 2020. On 18 March 2020, the Hungarian government introduced additional economic measures by adopting Government Decree 47/2202 (III. 18.)… Read more
19-03-20
COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES - DAY 3&4 – 18&19 MARCH
SOCIAL / EMPLOYMENT / CORPORATE / TAX As the next round of our regular coverage on the rapidly changing situation in Romania, we follow up today with updates on the new Military Ordinance and Governmental Emergency Ordinance that were just issued.… Read more
18-03-20
Covid-19 Logbook: Legal Updates - Day 1&2
COVID-19 Logbook: Legal Updates is an initiative undertaken by the Bucharest Office of Wolf Theiss as to keep all clients, partners and the Romanian business environment updated with the latest news regarding the legal framework and the emergency… Read more
17-03-20
The Covid-19 Law Austria
Austria has implemented a range of laws and regulations to address and mitigate the adverse consequences of Covid-19 (the "Covid-19 Law"). The Covid-19 Law: forms a legislative base for measures to be implemented against the further spread of… Read more

Arbitration  ⌃

18-05-20
HUNGARY: PROCEDURAL FEATURES FOR ARBITRATION IN VIEW OF THE COVID-19 CRISIS
The state of emergency in Hungary due to the COVID-19 crisis has had an impact on dispute resolution in general. Under the extraordinary circumstances, specific procedural rules shall apply to state court procedures and arbitration procedures which… Read more
26-03-20
NAVIGATING JUDICIAL AND ARBITRAL PROCEEDINGS UNDER COVID-19 EMERGENCY LEGISLATION IN BULGARIA
WHAT YOU NEED TO KNOW Via the recently adopted "State of Emergency Act" , the Bulgarian Parliament has extended the emergency measures and actions to cover some judicial and arbitral proceedings which were previously introduced by the Supreme… Read more

Banking & Finance ⌃

04-05-20
SLOVENIA ADOPTED MUCH AWAITED LIQUIDITY MEASURES FOR BUSINESSES
On 1 May 2020, the Act on Additional Liquidity to the Economy to Mitigate the Effects of the COVID-19 Infectious Disease Epidemic  ("COVID-19 Liquidity Act") came into force. It aims to facilitate the provision of liquidity by banks through an… Read more
24-04-20
COVID-19 Logbook: Romanian Legal Updates – Day 40 – 24th April
BANKING & FINANCE Following the ESMA statements issued earlier this month on the measures to be taken during the COVID-19 pandemic, including a pushing back of reporting deadlines, the FSA has adopted Regulation no. 8/2020 on exceptional measures… Read more
17-04-20
POLAND: BANKING REGULATORY UPDATE
Amid the shock waves sent by the COVID19 pandemic through the global and Polish economies, liquidity of borrowers and stability of the country's banking sector are among the top priorities for lawmakers and regulators. While no mandatory payment… Read more
10-04-20
COVID-19: FINANCIAL MEASURES DESIGNED TO SUPPORT COMPANIES IN BULGARIA
As of 13 March 2020, the Bulgarian Parliament enacted the State of Emergency Act and declared a state of national emergency, initially set to last a month and subsequently extended by amendments to the act as of 9 April ("Amended Act"), to end on 13… Read more
09-04-20
COVID-19 LEGAL UPDATE - LOAN MORATORIUM FOR DEBTORS (LEGAL PERSONS)
On 7 April 2020, the Czech Chamber of Deputies approved a draft law on certain measures related to loan repayments and interest payments in connection with the Covid-19 epidemic (the "Loan Moratorium Act") which aims to provide for a "loan… Read more
06-04-20
COVID-19 UND VERWALTUNGSRECHTLICHE VERFAHREN
Am 22.3.2020 ist das "2. COVID-19-Gesetz" in Kraft getreten. Als Sammelgesetz zur Änderung oder Neuerlassung einer Reihe von Gesetzen hat es vor allem Erleichterungen in einer Vielzahl von Rechtsgebieten gebracht, in denen Bürger, Behörden und… Read more

03-04-20
SLOVENIA'S SECOND COVID-19 LEGISLATIVE PACKAGE PROVIDES BREATHING SPACE FOR DEBTORS
On 2 April 2020, the Slovenian Parliament adopted the Act on emergency measures to control the COVID-19 epidemic and mitigate its effects on citizens and the economy ("Intervention Act"), providing for certain relief measures for debtors. The… Read more
31-03-20
Coronavirus - FAQs for lenders: Impact on financing Update on current situation in CEE / SEE
The coronavirus and the drastic measures to curb cases of the novel COVID-19 pandemic have serious macroeconomic consequences. Closed production facilities, collapsing retail and tourism industries, disrupted supply chains, cancelled major events… Read more
31-03-20
Finance Related Measures in the Czech Republic - COVID-19 legal update
As of 12 March 2020, a state of national emergency has been declared in the Czech Republic by a decree of the Czech Government (No. 69/2020 Coll.) for a period of 30 days in response to the COVID-19 epidemic. Additional emergency measures were taken… Read more
24-03-20
New Finance Related Measures in the Czech Republic - COVID-19 update
As of 12 March 2020, a state of national emergency has been declared in the Czech Republic by a decree of the Czech Government (No. 69/2020 Coll.) for a period of 30 days in response to the COVID-19 epidemic. Additional emergency measures were… Read more
27-02-20
UPDATE ON CURRENT PAYMENT MORATORIA IN CEE / SEE
With a view to the extraordinary circumstances prevailing on the markets in CEE/SEE due to the COVID-19 pandemic, governments, central banks or other regulators of the financial markets in most countries have adopted emergency measures protecting… Read more
27-03-20
Financing transactions in the times of distance communication
Are there any legal measure allowing parties to enter into facility agreement without going out? For many entrepreneurs, including financial market entities, COVID-19 is a practical lesson on how to operate a business by using electronic means.… Read more
27-03-20
BOSNIA AND HERZEGOVINA INTRODUCES INTERIM RELIEF MEASURES TO ASSIST LOCAL BANKS IN MITIGATING NEGATIVE CONSEQUENCES OF THE COVID-19 OUTBREAK
On 20 March 2020, the Banking Agency of the Federation of Bosnia and Herzegovina (FBA) and the Banking Agency of Republika Srpska (BARS), the competent financial regulators in Bosnia and Herzegovina (BiH) adopted special decisions (in almost… Read more
26-03-20
HUNGARY: DETAILED PROVISIONS OF THE PAYMENT MORATORIUM INTRODUCED BY GOVERNMENT DECREE NO. 47/2020 (III.18.)
Due to the COVID-19 outbreak, the Hungarian government declared a state of emergency on 11 March 2020. On 18 March 2020 the Hungarian government introduced additional economic measures by adopting Government Decree 47/2202 (III. 18.) (Moratorium… Read more
26-03-20
Coronavirus - FAQs for lenders
The coronavirus and the drastic measures to curb cases of the novel COVID-19 pandemic have serious macroeconomic consequences. Closed production facilities, collapsing retail and tourism industries, disrupted supply chains, cancelled major events and… Read more
20-03-20
HUNGARY: NEW LENDING MARKET PROVISIONS DUE TO COVID-19
Due to the COVID-19 outbreak, the Hungarian government has declared a state of emergency as of 11 March 2020. On 18 March 2020, the Hungarian government introduced additional economic measures by adopting Government Decree 47/2202 (III. 18.)… Read more
20-03-20
SLOVENIA ADOPTS INTERVENTION MEASURES ENABLING DEFERRED PAYMENT OF BORROWERS' LIABILITIES
On 20 March 2020, the National Assembly of Republic of Slovenia passed an Act on the Intervention Measure of Deferred Payment of Borrowers’ Liabilities (Zakon o interventnem ukrepu odloga plačila obveznosti kreditojemalcev, hereinafter the "Act"). T… Read more

Capital Markets ⌃

25-03-20
ANLEIHEN IN ZEITEN DER CORONAKRISE
Welche Auswirkungen hat die aktuelle COVID-19-Krise im Zusammenhang mit Anleihen, und was gilt es für Emittenten zu berücksichtigen? Informationen zu Offenlegungspflichten, Zahlungspflichten und Kündigungen finden Sie im beigeschlossenen Dokument. Read more
19-03-20
Capital market in Poland in the face of Covid-19
On 20 March 2020, the Polish Financial Supervision Authority ("PFSA") announced the introduction of the "Supervisory Impulses Package for Safety and Development" dedicated to the capital market in Poland ("Supervisory Package for Capital Market").… Read more

Competition & Antitrust  ⌃

01-04-20
COVID-19 AND STATE AID
In situations such as the current COVID-19 pandemic, governments are pledging to support businesses which suffer from the public health measures aimed at slowing down the spread of COVID-19. Generally, EU State aid rules do not allow Member States… Read more
31-03-20
Changes to Austrian and European Competition rules amid COVID-19 pandemic
The coronavirus and the effort to slow its spread have affected our lives in various ways: our health of course, our social contacts, the economy, and also competition law. On 13 March 2020, the Austrian Federal Competition Authority ("FCA")… Read more
30-03-20
The application of deadlines in administrative proceedings before the Commission for the Protection of Competition of the Republic of Serbia during the state of emergency
Serbia - The decree on deadlines in administrative proceedings during the state of emergency (Official Gazette of the RS No. 41/2020) (the "Decree"), which entered into force on 24 March 2020, is also applicable to administrative proceedings before… Read more

Corporate, Commercial and M&A  ⌃

10-06-20
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… Read more
14-05-20
COVID-19 Logbook: Romanian Legal Updates – Day 61 - 14th May
COMMERCIAL For today's newsletter we shall analyse the following: Government Emergency Ordinance no. 66/2020 (GEO 66/2020) on amending and supplementing Government Emergency Ordinance no. 47/2020 on conditions related to petroleum sales in… Read more
27-04-20
LESSONS LEARNED: ACQUIRING PROTECTIVE FACE MASKS IN THE COURSE OF A PANDEMIC
In the midst of the current COVID-19 crisis, there is an unprecedented worldwide demand for protective face masks. Despite various efforts by the EU and the national legislator in order to ensure swift availability of PPE and medical devices, there… Read more
20-04-20
LEX COVID: RELIEF FOR LEGAL ENTITIES
On 17 April 2020, the Senate approved a draft law aiming to mitigate the impact of the COVID-19 pandemic on persons involved in various legal proceedings (known in Czech as the Lex Covid). As we have informed you before, the new Act significantly… Read more
14-04-20
HUNGARY INTRODUCES RELAXATION OF CORPORATE GOVERNANCE AND COMPLIANCE RULES
The Hungarian government introduced a relaxation of some corporate governance and compliance rules applicable to Hungarian registered legal entities. These regulations are in response to the difficulties currently being faced by management as well… Read more
09-04-20
POLAND: CORONAVIRUS EMERGENCY BILL UPDATES REGARDING CORPORATE LAW AND REPORTING DEADLINES
The COVID-19 emergency bill was adopted by Sejm in a final version on 31.03.2020. The new regulation introduces methods for communicating remotely during management board, supervisory board and shareholders' meetings. It also implements changes on… Read more

26-03-20
IMPACTS OF COVID-19: EU EXPORT CONTROL ON PERSONAL PROTECTIVE EQUIPMENT
In order to prevent a critical situation arising due to a shortage of essential products, or to remedy such a situation, the Commission, acting at the request of a Member State or on its own initiative, may make the export of a product subject to an… Read more
25-03-20
FORCE MAJEURE AND THE IMPACT OF COVID-19 MEASURES ON BUSINESS IN BULGARIA
Following the swift spread of the coronavirus in Europe and the first cases in Bulgaria, on 13 March 2020 the Bulgarian National Assembly declared a State of National Emergency at least until 13 April 2020, but subject to potential additional… Read more
25-03-20
M&A in times of COVID-19 – Watch out for new developments
We expect that the world of M&A will look quite different in the coming weeks. Will M&A die down completely? Probably not, even though there might be more pressing things to attend to at the moment than kicking off that hot new transaction. However,… Read more
24-03-20
AUSTRIA: SHAREHOLDER MEETINGS AND MEETINGS OF CORPORATE BODIES DURING COVID-19
In the light of the current impacts of Covid-19 and the need to limit personal contacts, Austria has implemented a second set of laws and regulations (2. COVID-19-Gesetz). Regarding Austrian corporate law, the Austrian legislator implemented the… Read more
28-03-20
Vis Maior Confirmation available from the Foreign Trade Chamber - Bosnia & Herzegovina
The Foreign Trade Chamber of Bosnia and Herzegovina is authorized to issue a Vis Maior Confirmation for individual businesses – a confirmation regarding the existence of objective circumstances beyond the control of contracting parties (such as an… Read more
23-03-20
DOES COVID-19 CONSTITUTE FORCE MAJEURE?
The 2019/2020 coronavirus pandemic (COVID-19) has now caused a large number of cities in Europe to be locked down, affecting millions of people and many companies. In particular, air traffic is severely restricted. These developments have also had a… Read more
20-03-20
MANAGING CORE FUNCTIONS OF YOUR CORPORATION IN TIMES OF COVID-19 IN THE CZECH REPUBLIC
The current health crisis is creating to a situation where many corporations are facing temporary unavailability of larger numbers of key persons or members of the management due to sick leaves, home quarantine or travel bans. However, even in times… Read more

Employment  ⌃

17-08-20
Hungary: new rules on employees' legal capacity to work while in official home quarantine
Hungary has changed its rules regarding employees' legal capacity to work in the duration of the officially mandated home quarantine. Previously, employees returning from travel abroad who were required to remain in official home quarantine could be… Read more
16-07-20
NEW ENTRY RESTRICTIONS TO HUNGARY
On 18 June 2020, the state of emergency in Hungary was terminated. Accordingly, the travel rules eased, as (i) Hungarian citizens, (ii) citizens of EU and EEA Member States (iii) and the family members of the listed citizens could enter Hungary… Read more
22-05-20
COVID-19 Logbook: Romanian Legal Updates – Day 67 – 20th May
EMPLOYMENT For today's newsletter we shall analyse the following legislation concerning the recently adopted alert status in Romania: Law no. 59/2020 regarding the approval of Emergency Government Ordinance no. 30/2020 for the amendment and… Read more
05-05-20
THE FEDERATION OF BOSNIA AND HERZEGOVINA: MUCH ANTICIPATED LEGISLATION ADOPTED TO MITIGATE ECONOMIC EFFECTS OF COVID-19
On 4 May 2020, the Parliament of the Federation of Bosnia and Herzegovina (FBIH) adopted the Law on the Mitigation of the Negative Economic Consequences of COVID-19 (Stabilisation Law) in the urgent parliamentary procedure. The Stabilisation Law… Read more
04-05-20
Slovenia – National Assembly revises the law on COVID-19-related reimbursements to employers for a second time
On 1 May 2020, a law revising and amending the second set of intervention measures (ZIUZEOP) (ZIUZEOP-A) was enacted. Once again, the legislator decided to revise certain rules retroactively, with effect as of 13 March 2020. Due to unclear or… Read more
23-04-20
A MAGYAR "KURZARBEIT" SZABÁLYAINAK MÓDOSULÁSA
AMENDMENT TO THE RULES ON "KURZARBEIT" IN HUNGARY A magyar kormány a piac által megfogalmazott heves kritikákra reagálva a 141/2020 (IV.21.) Kormányrendelettel módosította a csökkentett munkaidőre ("Kurzarbeit"), valamint a kutató-fejlesztő… Read more

14-04-20
COVID-19: IS STATE AID AVAILABLE FOR EMPLOYERS IN TROUBLE?
Welcome to this special Client Alert from the Wolf Theiss Employment team, in which we look at the availability of state aid by country for employers facing difficult financial situations. Our lawyers from 13 jurisdictions in CEE/SEE answer… Read more
07-04-20
COVID-19 LABOUR LAW UPDATE / CZECH REPUBLIC
The Czech government has approved the final version of its "Anti-virus Programme", a financial support scheme for private-sector businesses affected by the COVID-19 crisis. Companies can claim state subsidies from the Government Anti-virus… Read more
06-04-20
COVID-19: SLOVENIA PASSES NEW, COMPREHENSIVE LAW ON COVID-19-RELATED REIMBURSEMENTS TO EMPLOYERS
On Sunday, 29 March 2020, the first set of intervention measures ("ZIUPPP") entered into force. A new "omnibus act" was adopted on Thursday, 2 April 2020, which revises and partially amends the first set of intervention measures. The new act… Read more
25-03-20
COVID-19: NEW CRISIS MEASURES FOR EMPLOYERS IN BULGARIA
On 13 March 2020, the Bulgarian National Assembly declared a state of emergency in the country due to the coronavirus outbreak and recommended a number of measures to local employers to minimize the spread of the virus in the workplace. Throughout… Read more
24-03-20
The Rights and Obligations of Employers and Employees during a State of Emergency
On 24 March 2020, the Serbian Ministry of Labour, Employment, Veterans and Social Rights published a detailed explanation of the rights and obligations of employers and employees during a state of emergency, as well as the table with calculations of… Read more
24-03-20
NEW CRISIS LEGISLATION ANNOUNCED BY SLOVENIAN GOVERNMENT TODAY
Even before the first package of legislation dealing with the economic fallout of the current crisis came into force, the Slovenian government today announced a second, comprehensive and substantial set of measures, aimed primarily at reducing the… Read more
20-03-20
Slovenia adopted intervention measures to reimburse salary compensations – subject to strict employer undertakings
In the night from 19 to 20 March 2020, the National Assembly of the Republic of Slovenia adopted the Act on Intervention Measures to Salaries and Contributions (ZIUPPP) . Under this measure, the Republic of Slovenia shall reimburse the employers,… Read more
19-03-20
HUNGARY: RECENT CHANGES TO THE LABOUR CODE DUE TO COVID-19
In response to the COVID-19 outbreak, Hungary has adopted new legal measures that will impact employers. The legislation loosens the rules for employers and permits them to require employees to work remotely and to take additional measures to… Read more
19-03-20
Decree On The Organization Of Operation Of Employers During The State Of Emergency
In response to the COVID-19 outbreak, Serbia has adopted new legal measures that affect employers. Businesses are now required to support remote work where possible and take additional measures to safeguard the health of employees, among other new… Read more
17-03-20
ROMANIA: DAYS OFF WORK FOR PARENTS IN EXCEPTIONAL CASES WHEN EDUCATIONAL INSTITUTIONS ARE CLOSED
In response to the situation related to COVID-19, Romania has expedited the approval of a new law that will grant days off of work to parents when schools and kindergartens are closed (the law was being considered before the emergence of COVID-19 and… Read more
13-03-20
Coronavirus and the workplace: Employers' questions and the law
Our lawyers from 13 different jurisdictions have shared legal insights and best practices for employers for both prevention, potential and confirmed Coronavirus cases in the office. Broken down into specific topics, the answers from our lawyers cover… Read more

Energy & Natural Resources ⌃

08-04-20
POLAND: ENERGY AND NATURAL RESOURCES UPDATE
The Polish parliament is proceeding with further amendments to the anti-crisis shield legislation ("Draft"), which will implement additional changes for the energy and mining industry. Amendments were introduced to the Act on Renewable Energy… Read more
27-03-20
CHANGES FOR RES INSTALLATIONS
POLAND Due to the current national and global situation, the supply chain of components for renewable energy installations ("RES Installations") has been disrupted, which may result in a failure to meet the statutory deadlines imposed on RES… Read more

GDPR & Data Protection  ⌃

03-04-20
Personal data processing during the state of emergency
Since the beginning of the COVID-19 outbreak and the declaration of the state of emergency in the Republic of Serbia (Decision on the declaration of the state of emergency (Official Gazette of the RS No. 31/2020), effective as of 15 March 2020), the… Read more
20-03-20
DATA PROTECTION IN POLAND IN THE FACE OF COVID-19
POLAND Despite the pandemic of COVID-19, data controllers are obliged to comply with the GDPR and national legislation. The President of the Polish Personal Data Protection Office ("PDPO") has communicated in the last few days how to properly apply… Read more
17-03-20
Covid-19 and Data Protection
Due to the growing number of infections, employers should take measures to protect both their employees and their customers. These measures usually include the collection of data concerning health. For many employers, this leads to uncertainty as to… Read more

Healthcare, Pharmaceuticals & Life Science  ⌃

27-03-20
COVID-19 WILL CAST A LONG SHADOW ON EU MEDICAL DEVICE REGULATION
Healthcare stakeholders are currently coping with incredible challenges in the fight against the corona virus (COVID-19). In response to this challenging situation, the European Commission announced on 25 March 2020, its intention to postpone the… Read more
25-03-20
DEVELOPING TREATMENTS FOR COVID-19
CONDITIONAL MARKETING AUTHORIZATION, COMPASSIONATE USE, AND NAMED PATIENT SUPPLY In view of the current endeavours to develop vaccines or medicines against Covid-19, this pandemic raises the question of when these products will be available for… Read more

Insolvency & Restructuring  ⌃

20-04-20
INSOLVENCY PROCEEDINGS UNDER THE NEW LEX COVID JUSTICE – COVID-19 LEGAL UPDATE
On 17 April 2020, the Senate approved a draft law aiming to mitigate the impact of the COVID-19 pandemic on persons involved in various legal proceedings (known in Czech as the Lex Covid). As we have informed you before, the new Act significantly… Read more

Intellectual Property  ⌃

06-04-20
UPDATE DEADLINES – IP LAW
In our Client Alert from 25.3.2020, we presented the measures to extend deadlines implemented by the Austrian Patent Office (ÖPA), the European Union Intellectual Property Office (EUIPO) and the European Patent Office (EPO) in view of the COVID-19… Read more
25-03-20
DEADLINES – Intellectual Property Offices
The Corona-Virus and the illness caused by it, COVID-19, also affect the trademark and patent offices. The – sometimes more, sometimes less sensible – applications for trademarks with the element "CORONA" (e.g. Keep Calm and Corona-Virus on) are not… Read more

Litigation  ⌃

04-05-20
Slovenian courts in the times of Coronavirus
HAVE CREDITORS BEEN LEFT WITH NOTHING? Creditors have noted an increased deterioration of their contractual partners' payment discipline caused by governmental measures aimed at curbing the COVID-19 virus. Courts do not offer effective legal… Read more
23-03-20
LEGISLATIVE AMENDMENTS REGARDING COVID-19 ENTERED INTO FORCE ON 22 MARCH 2020
Yesterday legislative amendments entered into force in Austria that create a temporary moratorium on filing deadlines in private law proceedings until 30 April 2020. There are specific conditions for the moratorium, and also an exception. Read… Read more
20-03-20
National Assembly adopts urgent provisional measures regarding judicial, administrative and other public law matters
Following a number of adopted governmental measures in the past week to fight the spread of COVID-19, the National Assembly adopted a new package of intervention laws, including the Act on Provisional Measures in connection with Judicial,… Read more

Public Procurement ⌃

06-04-20
4. COVID-19-GESETZ: AUFHEBUNG DER FRISTENVERLÄNGERUNG IM VERGABERECHT
Das 4. COVID-19-Gesetzespaket – das unter anderem Begleitmaßnahmen zu COVID-19 in Angelegenheiten des öffentlichen Auftragswesens umfasst – ist in Kraft getreten. Mit den beschlossenen Sonderbestimmungen werden nunmehr – in Verbesserung der… Read more
23-03-20
2. COVID-19-Gesetz: Aussetzung von (Anfechtungs-)Fristen
Um den Auswirkungen der COVID-19-Pandemie zu begegnen, wurde vom Gesetzgeber soeben das 2. COVID-19-Gesetz erlassen. Mit dem beschlossenen Gesetzespaket werden unter anderem relevante Änderungen für Fristen in Vergabeverfahren vorgesehen. Um mehr zu… Read more
18-03-20
Auftragsvergabe in Zeiten des Coronavirus (Covid-19)
Zurzeit wird unser Leben durch das Coronavirus in einer Weise beeinträchtigt, wie wir das bis vor Kurzem nicht für möglich gehalten hätten. Wenngleich die Welt in vielen Bereichen still zu stehen scheint, sind es gerade öffentliche Auftraggeber, die… Read more

Real Estate & Construction  ⌃

14-04-20
BOSNIA AND HERZEGOVINA: IMPACT OF COVID-19 ON CONSTRUCTION CONTRACTS
The state of natural or other disaster in Bosnia and Herzegovina (BiH), declared on 17 March 2020 and caused by the COVID-19 pandemic, combined with the various imposed governmental measures for combating the spread of virus, will certainly affect… Read more
10-04-20
POLAND: POTENTIAL IMPACT OF COVID-19 ON REAL ESTATE TRANSACTION DOCUMENTS
Currently, many countries are facing numerous consequences caused by the Global Health Emergency resulting from the spread of COVID-19 and announced by World Health Organization (WHO). While the current global market situation is in some turmoil and… Read more
10-04-20
COVID-19 LEGAL UPDATE – RENT DEFERRAL FOR TENANTS
On 8 April 2020, the Czech Chamber of Deputies approved a draft law aiming to mitigate the negative impacts of the COVID-19 pandemic on tenants of business premises. The draft law provides for a protection period expiring on 31.12.2020, during… Read more
09-04-20
HOW TO GET REAL ESTATE TRANSACTIONS DONE IF YOU ARE STUCK AT HOME OR ABROAD - A SURVEY OF COUNTRIES IN CEE/SEE
Welcome to this special Client Alert of the Wolf Theiss Real Estate team, in which we address the impact of the Coronavirus outbreak on how to conduct real estate transactions in CEE/SEE when you cannot meet with others in person. We are all… Read more
06-04-20
POLAND: IMPACT OF COVID-19 ON CONSTRUCTION WORKS AGREEMENTS
The COVID-19 pandemic is causing not only health and operational problems, but it is also creating many legal and contractual challenges. The construction industry is particularly sensitive to the pandemic. In the attached document we present some… Read more
25-03-20
Coronavirus and the obligation to continue to pay rent
Welcome to this special Client Alert of the Wolf Theiss Real Estate team, in which we address the impact of the Coronavirus outbreak on lease agreements in CEE/SEE. Many areas of the economy have been affected by the drastic measures taken by… Read more

24-03-20
#2 CONSTRUCTION UPDATE
COVID-19 - AUSWIRKUNGEN AUF BAUWERKVERTRÄGE / HANDLUNGSEMPFEHLUNGEN Die zur Eindämmung der "CORONA-Pandemie" erlassenen - und wohl noch zu erlassenden - gesetzlichen Maßnahmen und Einschränkungen für Baustellen erfordern auch von unserer Seite eine… Read more
20-03-20
CONSTRUCTION UPDATE: COVID-19
AUSWIRKUNGEN AUF BAUWERKVERTRÄGE / HANDLUNGSEMPFEHLUNGEN Die zur Eindämmung der "CORONA-Pandemie" erlassenen - und wohl noch zu erlassenden - gesetzlichen Maßnahmen und Einschränkungen für Baustellen erfordern auch von unserer Seite eine ständige… Read more
18-03-20
Covid-19: Auswirkungen Auf Bauwerkverträge
HANDLUNGSEMPFEHLUNGEN Die infolge der COVID-19 Pandemie in Österreich verordneten Maßnahmen und Einschränkungen betreffen auch die Bauwirtschaft in besonderem Maße. Unsere in diesem Zusammenhang erscheinenden Veröffentlichungen beschäftigen sich mit… Read more
17-03-20
Corona und die Pflicht, weiterhin Miete zu bezahlen
Von den drastischen Maßnahmen der Republik sind viele Bereiche der Wirtschaft betroffen und eine der drängenden Fragen für Mieter, Vermieter und Banken ist, ob der Mietzins reduziert oder gar ausgesetzt werden darf. Interessensvertretungen und Medien… Read more

Tax  ⌃

16-07-20
AUSTRIA: NEW DEPRECIATION RULES AS PART OF COVID-19 RELIEF PACKAGE UNDER REVIEW
On 15 July 2020, a draft bill for a law aimed at strengthening the economy in 2020 (Konjunkturstärkungsgesetz 2020) was approved by the second chamber of the Austrian parliament. Publication in the official gazette is now imminent. Part of the draft… Read more
24-04-20
LATEST TAX MEASURES TO EASE CASH-FLOW PRESSURE ON BUSINESSES
The deadline for declaring and paying certain taxes to be assessed on the basis of the net sales revenue or the profits of businesses is postponed until 30 September. In addition, from now on businesses may request tax reductions and so-called… Read more
27-03-20
Taxation during an Epidemic - Liquidity Improvement Options
Due to the COVID-19 outbreak, businesses face great economic challenges and try to reduce their costs. Many have wondered what tax relief and liquidity enhancement tools are available in the area of taxation area to mitigate the adverse financial and… Read more
26-03-20
POLAND: TAX COMPLIANCE IN THE FACE OF CORONAVIRUS
The draft version of new anti-crisis legislation accepted by the Polish government on 25 March 2020 (hereinafter: "Draft") responds to some business demands with respect to tax reporting obligations. The Ministry of Finance announced additional… Read more
26-03-20
BULGARIA AMENDS TAX AND FINANCIAL REPORTING DEADLINES AMID STATE OF EMERGENCY
On 13 March 2020, the Bulgarian National Assembly declared a State of National Emergency in Bulgaria for a period of one month (ending on 13 April 2020 but subject to potential additional extension) as a response to the rapid spread of the COVID-19… Read more
24-03-20
Update Poland: Tax measures in Covid-19 legislation
Tax solutions proposed by the Polish government in the draft version of new anti-crisis legislation dated 21 March 2020 (hereinafter: "Draft") respond only to some of the demands requested by businesses. Requests such as unfreezing cash on VAT bank… Read more

23-03-20
Hungary introduces Tax breaks in industries particularly impacted by covid-19 Pandemic
The Hungarian government has introduced special tax measures in industries particularly impacted by COVID-19, such as tourism, hospitality, entertainment, gambling, film, performance arts, event and sport services industries. Read the critical… Read more
20-03-20
Slovenia extends deadline for submission of tax returns and allows deferred payment of taxes
On 20 March 2020, the National Assembly of Republic of Slovenia passed an Act on the Intervention Measure to the Public Finance (Zakon o interventnih ukrepih na javnopravnem področju, hereinafter the "Intervention Act"). In order to learn more,… Read more
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