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Client Alerts

Newssquare Liberalization of Cultivation and Production of Medicinal Cannabis in Croatia

On 25 April 2019 the Amendments to the Act on Combating Drugs Abuse entered into force which liberalizes the cultivation and production of low THC cannabis for medicinal purposes in Croatia.

Newssquare Amendments to the Croatian Companies Act

New amendments to the Croatian Companies Act entered into force on 20 April 2019. The aim of the amendments is easier and more efficient incorporation and termination of limited liability companies and simple limited liability companies along with the implementation of the Shareholders Directive.

Newssquare Brexit - Amendments to the Bulgarian Immigration Law

As part of the Bulgarian government’s measures to prepare for Brexit, a Bill for amendment to the Foreigners in the Republic of Bulgaria Act ("the Bill") was adopted by the Bulgarian Parliament on 12 April 2019 and published in the State Gazette on 23 April 2019. The Bill addresses post-Brexit rights of UK nationals in Bulgaria.

Newssquare Romania: Labour Law Amendments - Additional Annual Leave for In Vitro Fertilization

Governmental Emergency Ordinance no. 26/2019 entered into force on 23 April 2019 bringing changes to the Romanian Labour Code.

Newssquare Bulgaria - Further liberalisation of the electricity market at production level

New draft bill amending the Energy Act introduces a number of measures to further integrate RES Generation into the liberalised market and abolish Energy Export Fees

Newssquare Austria: encouragement of long-term shareholder engagement

Directive (EU) 2017/828 as regards the encouragement of long-term shareholder engagement (the "Directive") to be implemented in Austria until 10 June 2019 aims to create a more attractive environment for shareholders and to improve corporate governance for companies the shares of which are admitted to trading within a Member State.

Newssquare Poland adjusted over 150 Polish Sectoral Acts to GDPR

On 3 April 2019, the President of Poland signed the Act of 21 February 2019 on amending certain acts in connection with ensuring the application of the GDPR (the "Act"). The Act amends over 150 sectoral acts, including the Tax Ordinance, the Public Procurement Law, the Investment Funds Act, the Payment Services Act and the Telecommunications Law. However, some of the most noticeable changes were introduced to the Labour Code and to the Banking Law.

Newssquare Poland has imposed the first Fine for Infringement of GDPR

On 15 March 2019, the Polish supervisory authority issued the first decision imposing an administrative fine in the amount of PLN 943,000 (approx. EUR 220,000) for the infringement of the information obligation stipulated in Article 14 of 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 (General Data Protection Regulation) (the "GDPR").

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