Wolf Theiss

Client Alerts

Newssquare EU AND US REACH DEAL ON SAFE HARBOUR REPLACEMENT

It was announced that yesterday the EU and US agreed upon a new arrangement in respect of transatlantic data flows: The Privacy Shield will in the near future deal with personal data transfer across the Atlantic. Please find out more in our attached Client Alert.

Newssquare Significant Changes to the Ukrainian and Serbian Competition Regimes

Ukraine / Serbia: On 26 January 2016, the Ukrainian Parliament took a long-awaited and significant step to improve merger control in Ukraine. The president is expected to sign the new competition act, which will enter into force at the end of April.

The Serbian Parliament adopted a new decree on the content of merger control filings on 23 January 2016. The new decree provides for short form notifications starting from 2 February 2016 if a concentration meets certain conditions.

 

Newssquare Das neue Bundesgesetz über alternative Streitbeilegung in Verbraucherangelegenheiten (AStG)

Das am 9.1.2016 in Kraft getretene Alternative-Streitbeilegungs-Gesetz (AStG) stellt neue Anforderungen an Unternehmer im B2C Bereich: Zweck des AStG ist es, Verbrauchern eine einfache, effiziente, kostengünstige Möglichkeit, zur alternativen Beilegung inländischer und grenzüberschreitender Streitigkeiten zu bieten. Neu sind daher vor allem umfassende Informationsverpflichtungen gegenüber Verbrauchern über die zuständigen AS-Stellen (Alternative-Streitbeilegungsstellen).

Newssquare RECYCLING AND PACKAGING IN ROMANIA: LEGISLATIVE UPDATES AND RECENT CONCERNS

On 30 October 2015, Law no. 249/2015 on the management of packaging and waste derived from packaging (the "Law"), was published in the Official Gazette no. 830 and entered into force on 2 November 2015 . The Law repeals Government Decision no. 621/2005, published in the Official Gazette of Romania no. 639 of 20 July 2005 and seeks to implement EU Directive 94/62/CE as subsequently amended and supplemented by the European Parliament.

Newssquare THE NBU CANCELLED PROHIBITION ON ASSIGNMENT OF FOREIGN CURRENCY LOANS BUT INTRODUCED ADDITIONAL REQUIREMENTS

Beginning from 11 January 2016, registration of the assignments of foreign currency loans received by Ukrainian borrowers is again allowed based on resolution no.996 of 30 December 2015 of the National Bank of Ukraine (the "NBU"). Wolf Theiss, as a member of the Ukrainian Venture Capital and Private Equity Association (UVCA) and under the auspices of UVCA, was advocating and lobbying the NBU to make this move.

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