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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.

Obligatory sharing of wage information in Slovakia – a cartel organised by the State?

May 2018 – From 1 May 2018, employers in Slovakia must comply with the following important new rules:the obligation to disclose the amount of the basic wage component when they advertise job vacancies; andthe prohibition to agree on a basic wage component...

Bulgaria plans to introduce a range of derogations from the EU General Data Protection Regulation

The majority of the specific additional requirements concern compliance with core GDPR requirements and data processing for employment purposesMay 2018 – The Bulgarian government has announced a set of specific requirements relating to the processing...

Kinstellar Energy Digest: Ukraine April 2018 in Review

May 2018 –ENERGY EFFICIENCY DEVELOPMENTS: bylaws and moreDrop-outs: certain buildings do not need to be compliant On 11 April 2018, Ukraine’s government approved a list of buildings that are not subject to minimum energy efficiency requirements and...

Changes to the Slovak Labour Code in May 2018

May 2018 – If your company publicly advertises available job positions or considers the employment of non-EU nationals in Slovakia, the below overview may be helpful. This article provides information on changes to the Slovak Labour Code that you should...

Ukraine simplifies certification rules for ticket-selling agencies

May 2018 – A new section of the Aviation Rules of Ukraine – “Rules for certification of subjects providing agency services for sales of air carriage” – was registered by Ukraine’s Justice Ministry in early April and will enter into force upon...

Fourth anti-money laundering directive in Slovakia: New rules on disclosure of ultimate beneficial owners

May 2018 – The 4th AML Directive (EU Directive 2015/849) has recently been transposed to the Slovak Act on Money Laundering (the “AML Act”). Most of the changes brought by the amended AML Act introduce new obligations for “obliged persons” –...

A step toward making the assignment of foreign professionals in Bulgaria easier

April 2018 – The Bulgarian National Assembly has recently passed an amendment to the Labour Migration and Labour Mobility Act. Its aim is to ease the procedure for Bulgarian companies to hire citizens of countries outside the EU and EEA. This is in...

Kinstellar Energy Digest: Ukraine March 2018 in Review

April 2018 – OIL AND GAS: President signed an advanced law on deregulationOn 29 March 2018, the President of Ukraine signed the Law of Ukraine “On Amending Certain Legislative Acts of Ukraine Concerning Deregulation in the Oil and Gas Industry ”...

Yet another wave of EU regulations in the financial sector reaches Bulgaria’s shore

March 2018 – There is hardly any major business that will not be affected by the entry into force of the EU General Data Protection Regulation (GDPR) on 25 May. In addition to that, the financial services providers need to prepare for and be compliant...

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

March 2018 – The Bulgarian parliament voted into law on 14 March 2018 a bill that will repeal and replace the existing Act on the Measures against Money Laundering (the “New AMML” or the “Act”). The New AMML is meant to transpose Directive (EU)...