May 2013 - Recent proposals from Romania’s energy regulatory authority and projected legislative changes could have a negative impact on investments in the country’s renewable energy sources (“RES”) sector.
May 2013 - The new Czech Business Corporations Act (“BCA”), which will replace the current Commercial Code, becomes effective on 1 January 2014, but companies are well advised to start considering its implications...
April 2013 - The new Serbian Law on Public Procurement came into effect on 1 April 2013, replacing the former legislation enacted in 2008. The legislative overhaul is part of the wider fight against corruption and...
December 2012 - Transparency International (TI) released its 2012 Corruption Perception Index (CPI) this week. The 2012 CPI surveys 176 countries and territories (seven fewer than last year).
October 2012 – Effective from 1 January 2013, Hungary will impose tax on insurance premiums. The new insurance premium tax (IPT) regime will have extraterritorial effect, taxing insurance premiums collected by non-Hungarian insurance companies insuring Hungarian risks on a freedom-of-services (FOS) basis (in addition to taxing Hungarian subsidiaries and branches of foreign insurers as well).
August 2012 – The Turkish Competition Board recently published its decision on the match-fixing activities of some of Turkey’s football clubs, a scandal that has gripped the Turkish public over the past year. According to the Board, match-fixing is not subject to competition legislation.
August 2012 – The Council of the Slovak Antimonopoly Office upheld a first instance decision in which a Slovak electricity distribution company, ZSE Distribúcia a.s., was fined for abusing a dominant position by charging excessive fees for taking special electricity meter readings in the course of customers’ shifting to another electricity supplier.