Wolf Theiss

Client Alerts

Newssquare Bulgaria: Private Damages Directive Implemented

On 3 January 2018, a new Law for Amendment and Supplementation ("New Law") of the Competition Protection Act ("CPA") was published in the Bulgarian Official Gazette. The New Law implements the European Directive 2014/104/EU of 26 November 2014 on certain rules governing actions for damages under national law for infringements of national or EU competition law (the “Damages Directive”). EU Member States were required to implement the Damages Directive in their national legal systems by 27 December 2016.

 

 

Newssquare The Polish Personal Data Protection Act Is Closer To Completion

On Monday, January 15th, 2018, in the Column Hall of the Polish Parliament, the Ministry of Digitalization organized a meeting to summarize the public consultations on the package of legislative changes required for implementation of “GDPR”, the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC.

Newssquare New Court Decision Confirms that Enterprise Pledges under Bulgarian Law Remain an Efficient Tool for Lenders

In its decision of 3 January 2018, the Sofia City Court followed Wolf Theiss' argumentation and confirmed that the privilege of first ranking creditors under enterprise pledges extends over each and every asset forming part of the pool without the need for enforcement.

Newssquare Only Few Days Left to Register your UBO in Slovenia: Are You Exempted or Not?

The application for registrations of beneficial owners is now operational. Deadline to register beneficial owners is 19 January 2018.

Newssquare Amendments to the Procurement Laws entered into Force on 22 December 2017

On 22 December 2017, the Romanian Government published in the Romanian Official Gazette no. 1022 the Government Emergency Ordinance no. 107/2017 ("GEO 107/2017"), which provides for significant changes to the procurement laws package that entered into force in 2016 and other related legislation, namely:

Newssquare Expected Developments In The Pension System

Introduction Of Employee Capital Plans

 

In July 2016 the Polish Minister of Finance proposed the Capital Development Program; a comprehensive plan for developing a voluntarily funded pension system with long term saving products in Poland. It includes eight major pillars. In this alert we will describe one of the main pillars which aims to establish a public system of voluntary saving for retirement in the corporate sector to be known as Employee Capital Plans ["PPK"].

 

The Act implementing PPK should have been published between June and July 2017. Although it has not been published yet (only presented to the Council of Ministers), we are able to make the following assumptions about the...

Newssquare Potential Reforms in Real Estate Law

The new Austrian government was sworn in on December 18, 2017 and thereby also presented its government program which deals, among other things, with real estate law.

 

The issues of lease law, condominium law, social non-profit housing law and building law are touched upon under the title “Modernization of the Right of Residence.” In addition, a change to laws on operating plants and the Environmental Impact Assessment Act is envisaged.

 

Newssquare VERGABERECHT - Neue Schwellenwerte ab 1.1.2018

Ab dem 1.1.2018 treten für Vergabeverfahren neue Schwellenwerte in Kraft. Diese wurden nun am 19.12.2017 im Amtsblatt der Europäischen Union (L 337) veröffentlicht.

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