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Newssquare New Provisions for the Screening of Foreign Direct Investments in Austria

The Austrian Foreign Trade Act (AußWG 2011) contains provisions requiring ex ante approval for certain foreign direct investments ("FDI") in Austria.

On 7 May 2019, the Ministry of Economic Affairs published a consultation draft for amendments to those provisions ("Draft"). The Draft aims to create more transparency and certainty around FDI approval in Austria, and a sharper approval regime for certain transactions (especially pertaining to investors affiliated with governments of non-EU states). In this regard, it also takes into account Regulation (EU) 2019/452 "establishing a framework for the screening of foreign direct investments into the Union", which establishes a framework...

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.

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