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IN THE KNOW.

Browse through a selection of articles from our legal experts on topics of interest to investors and businesses in our region.

Ukraine delays protectionist measures against foreign-made regional jets

December 2017 - On 7 December 2017 the Ukrainian parliament voted to approve legislation (Draft Law No. 7280 “On The Amendment to the Law of Ukraine 1796-VIII ”) to extend the exemption from import duties (including VAT) for certain foreign-made aircraft...

Cybercrime: The road begins in Hungary

December 2017 - Each year hundreds of billions of dollars are lost by companies due to cybercrimes committed by criminals. These attacks vary from sophisticated hacking to primitive fraud attempts.However, with the right preparation and countermeasures...

New procedural rules for the 21st century, in Hungary

December 2017 - The Hungarian Parliament has recently adopted three new procedural laws: Act CXXX of 2016 on the Code of Civil Procedure (“CCP”), Act I of 2017 on the Code of Administrative Litigation (“CAL”), and Act CL of 2016 on Administrative...

EU General Data Protection Regulation – new rules as of 25 May 2018

November 2017 - References to the European General Data Protection Regulation (the „GDPR”) are currently widespread. In this article, we provide a short and handy guide on the key takeaways of the GDPR, the new-coming EU-wide data protection framework...

Going the extra mile: another set of amendments to Ukrainian competition laws are in the pipeline

November 2017 - Following last year's success in updating Ukrainian competition laws, Ukrainian Parliament has taken another step forward by adopting a set of long-awaited amendments.Bans for sanctioned companiesOn 9 November 2017, the Parliament adopted...

UK and Czech Republic: anti-bribery laws compared

November 2017 - The UK Bribery Act 2010 came into force on 1 July 2011, creating for businesses operating in the UK the most stringent and far reaching anti-bribery legal regime in the world. In particular, it imposed strict criminal liability on corporates...

New obligation for Romanian employers to initiate collective negotiations related to recent amendments to the Romanian Tax Code shifting the payment of social contributions from employer to employee

November 2017 - Government Emergency Ordinance no. 82/2017, which amends and supplements provisions relating to the Romanian tax code (“GEO no. 82/2017”) was published on 16 November 2017 in the Romanian Official Gazette, Part I.GEO no. 82/2017 is...

Verba volant, scripta manent: Romania introduces the obligation of a written contract for trading cereals

November 2017 - The Romanian government has introduced the obligation for agricultural producers to trade cereals using a template contract to be adopted by the Ministry of Agriculture. This obligation applies to both sales on the Romanian market and...

Ukraine’s Antimonopoly Committee issues guidelines on state aid

November 2017 - Recently, the Antimonopoly Committee of Ukraine (the "AMC") issued guidelines regarding the application of the Law of Ukraine on State Aid to Undertakings (No. 1555-VII of 1 July 2014, the "Law"), which entered into force on 2 August 2017.These...

Draft law on royalties for mineral, oil and gas, and hydro-mineral resources in Romania

October 2017 - The Romanian Ministry of Economy has published on its website a draft law regulating the royalty system for concessions of mineral, oil and gas, and hydro-mineral resources (the “Draft Law”) (available here). Following a period of public...