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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.

Bulgaria introduces a range of derogations from the EU General Data Protection Regulation

March 2019 – Bulgaria has introduced a set of specific requirements relating to the processing of personal data in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known...

Two proposed amendments to Bulgaria’s Bank Insolvency Act have been introduced to harmonise local law with EU rules and to further refine the legislation

March 2019 – On 22 February 2019 and 26 February 2019 two bills were introduced in the Bulgarian parliament to amend the existing Bank Insolvency Act (“Bills”).
The purpose of the first of the Bills is to introduce the provisions of Directive...

Full disclosure: New employer obligations in Slovakia

February 2019 – Recently approved amendments to the Slovak Labour Code and Employment Services Act impose new obligations on employers in Slovakia as of January 2019.
Among the newly introduced changes, employers can no longer bind their employees...

Major procedural safeguards introduced for competition law enforcement in Ukraine

February 2019 – On 6 February 2018, the Ukrainian parliament adopted a law (the "Law") introducing and enhancing a number of instruments to make companies less susceptible to investigations by the Antimonopoly Committee of Ukraine (the "AMC"). The most...

New FX legislation in Ukraine gives more flexibility to international lenders and local borrowers

February 2019 – From 7 February 2019, the Law of Ukraine on Foreign Exchange and Exchange Transactions (the “FX Law”) is in effect. Adopted by the Ukrainian parliament on 21 June 2018, the FX Law overhauls the existing exchange control regime, introduces...

Kinstellar Energy Digest Ukraine, January 2019 in Review

February 2019 – Kinstellar Energy Digest Ukraine, January 2019 in Review
OIL & GAS: Second International Licencing Round to take place in May 2019
On 29 January 2019, Ukraine’s State Geology and Subsoil Service (the “Derzhgeonadra”)...

Bulgaria’s Supreme Court of Cassation issues interpretative judgement strengthening the equal treatment of creditors and expediting insolvency proceedings

February 2019 – On 3 December 2018, Bulgaria’s Supreme Court of Cassation (“SCC”) issued Interpretative Judgment No 1 (the “Judgement”) on interpretative proceedings No 1/2017 of the General Assembly of the Panel of Commerce. The Judgement...

Ukraine introduces new taxation rules for aviation fuel to prevent tax avoidance

January 2019 – Excise duty in Ukraine on aviation fuel has increased by ten times as of 1 January 2019, in accordance with the Law of Ukraine № 2628-VIII “On Amendments to the Tax Code of Ukraine and Certain Other Legislative Acts in Relation to...

Kinstellar contributes to the International Bar Association (IBA) report: “Structured Settlements for Corruption Offences: Towards Global Standards?”

January 2019 — Kinstellar is proud that experts from our Compliance, Risk and Sensitive Investigations (CRSI) practice are contributors to the report “Structured Settlements for Corruption Offences: Towards Global Standards?” published by the Structured...

Changes to the regulation for granting authorisations for establishment and licences in the natural gas sector in Romania

January 2019 – The National Agency for Energy Regulation (“ANRE”) has recently published new amendments (the “Amendments”) to the Regulation for granting authorisations for establishment and licences in the natural gas sector approved by ANRE...