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Newssquare SLOVENIA ADOPTS FOREIGN DIRECT INVESTMENT SCREENING MECHANISM

On 31 May 2020, a third legislative package to contain the consequences of the COVID-19 epidemic ("Act") introduced a screening mechanism for foreign direct investments ("FDI"). This mechanism will be applied until 30 June 2023.

In order to learn more, please download the file below.

Newssquare 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 the third package with support measures for companies in distress.

In order to learn more, please download the file below.

Newssquare NEWLY ADOPTED LAW ON PROTECTION OF CONSUMERS AGAINST EXCESSIVE INTEREST – MORE REASONS FOR CONCERN RATHER THAN BENEFITS?

Romania recently adopted a new law to protect consumers from excessive interest. It is scheduled for a constitutionality review next week on 10 June 2020. If it survives the review, it will impact financial creditors such as credit institutions, non-banking financial institutions and debt collection entities.

It also regulates a) requirements for the mandatory amendment of certain credit contracts and b) illicit commercial practices.

In order to learn more, please download the file below.

Newssquare POLAND SET TO INTRODUCE SPECIALIZED COURTS IN JULY 2020

On 19 February 2020, the Polish President signed an act that amends the Code of Civil Procedure along with other existing acts that impact the adjudication of IP cases, among other areas of law ("the Act"). The Act will enter into force on 1 July 2020, and the courts will be operational from this date. The changes represent a positive step forward for the Polish court system. There have been discussions regarding the creation of a specialized court to settle intellectual property matters for many years, and the Act will make that a reality. In order to learn more, please download the file below.

Newssquare Thomson Reuters Practical Law Guide – Private mergers and acquisition in Austria

Read about key issues in connection with private mergers and acquisitions in Austria, including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing, signing and closing, tax, employees, pensions, competition and environmental issues in our contribution to "Thomson Reuters Practical Law Guide – Private mergers and acquisition in Austria".

Newssquare THE NEW LEGAL FRAMEWORK FOR UKRAINIAN CROSS-BORDER TAXATION ENTERS INTO FORCE

On 21 May 2020, the President of Ukraine signed the Law of Ukraine "On Amendments to the Tax Code of Ukraine on Improvement of Tax Administration, Elimination of Technical and Logical Inconsistencies in Tax Legislation" (the "Law"), which was passed by the Parliament on 16 January 2020. In order to learn more, please download the file below.

Newssquare FURTHER TIGHTENING OF FOREIGN DIRECT INVESTMENT SCREENING IN HUNGARY

On 25 May 2020, the Hungarian Government adopted a new decree which substantially expands the requirements for non-EU investors to seek prior ministerial approval for their investments in Hungarian companies engaged in certain strategic industries. The strategic industries covered by the screening requirement in the new decree are now wide-ranging and go far beyond the previous scope of the law. In order to learn more, please download the file below.

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