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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.

Kinstellar Energy Digest: Ukraine November 2018 in Review

December 2018 – Kinstellar Energy Digest Ukraine, November 2018 in Review
OIL and GAS: Liberalisation of geological data gets closer
On 7 November 2018, the Ukrainian government adopted Resolution No. 939 – “Questions on the Transfer...

Bulgaria-based corporates and NGOs must disclose their ultimate beneficial owners by June 2019

December 2018 – Significant regulatory developments marked the year 2018 in Bulgaria. A new Act on the Measures against Money Laundering (the “AML Act” or the “Act”) was also adopted with view to transposing Directive (EU) 2015/849 on the prevention...

When freedom of contract slips into an abuse of a stronger bargaining position. The Bulgarian Competition Authority fines A1, the Bulgarian subsidiary of Telekom Austria.

December 2018 – Last week, the Bulgarian competition authority fined A1, the Bulgarian subsidiary of Telekom Austria, a total of BGN 804,340 (approximately EUR 411,252) for abusing its bargaining power by imposing high sales targets on a local distribution...

Martial law introduced in several regions of Ukraine may affect business operations

November 2018 – On 26 November 2018, the Ukrainian parliament adopted the Law that approves the Decree of the President of Ukraine on the imposition of martial law (not to be confused with a ‘state of war’) in Ukraine. The new Law, effective 28...

New European Union regulation promotes free flow of non-personal data and more extensive data aggregation and storage in the cloud

November 2018 – A set of new EU-wide rules facilitating the cross-border free flow of non-personal data within the Union is expected to become effective at the end of 2018 or early 2019.
These rules are intended to remove within the next two...

Recent changes to the Securities Market Law and NBK Regulation affecting the AIFC

November 2018 – We discuss below the changes to (i) the Securities Market Law, effective 21 October 2018, and (ii) the NBK Regulation, effective 8 October 2018, affecting certain matters related to the Astana International Financial Center (AIFC). Our...

Romanian Competition Council’s preliminary conclusions on the retail banking sector inquiry launched in 2016

November 2018 – Following the adoption of EU Directive (EU) 2015/2366 of the European Parliament and Council of 25 November 2015 on payment services in the internal market (“PSD2”), the Romanian Competition Council (the “RCC”) launched in 2016...

Kinstellar Energy Digest: Ukraine October 2018 in Review

November 2018 – Kinstellar Energy Digest: Ukraine, October 2018 in Review
PRIVATISATION: Sale of Centrenergo is scheduled by the end of 2018
The auction for the sale of 78.289% of the state-held shares of Public Joint-Stock Company “Centrenergo”...

Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market

November 2018 – Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market
Uzbekistan signed the Paris agreement on climate change
Uzbekistan has joined the Paris agreement on climate change.
The signing ceremony took...

Revitalisation of brownfield sites in the Czech Republic – Simplifications offered by the amended Building Act

October 2018 – Revitalising brownfield sites in the Czech Republic has generally been viewed as a nightmare for investors, both private developers and state organisations, mainly due to the length of time required for different permitting processes...