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

Czech Republic: Bill on certain loan repayment measures in connection with the COVID-19 pandemic

9 April 2020 – On 1 April 2020, the Government of the Czech Republic approved, as expected, a bill allowing all debtors under loan agreements or similar contracts to notify their creditors of their intention to make use of a so-called protective period...

Czech Republic: Updated overview of the Government financial aid available in relation to the COVID 19 situation

9 April 2020 – Our COVID-19 Task Force has summarised, in the document attached, the financial aid available in the Czech Republic, in relation to the COVID 19 situation.

Slovakia: Summary of government measures adopted in response to COVID-19

7 April 2020 – COVID-19 outbreak has far-reaching impacts on the all aspects on our lives and businesses. During the first week of April 2020, Slovak government and parliament worked hard to adopt a first set of measures to help citizens and businesses...

Turkey: Summary of financial support available to companies during the COVID-19 outbreak

27 March 2020 – The COVID-19 outbreak affects our daily, as well as our business life. Many enterprises will need to draw on different means of financial support to manage their cash flows and continue their operations in this difficult time. We have...

Hungary: Summary of measures issued by the Hungarian Government in connection with the state of emergency

20 March 2020 – In view of the ”state of danger” (in Hungarian: “veszélyhelyzet”) declared by Government Decree No. 40/2020. (III. 11.) adopted by the Hungarian Government and the ”special legal order” introduced as a result of the European...

Serbia: Mandatory moratorium on repayment obligations to banks and lessors

19 March 2020 – In response to the COVID-19 pandemic and the state of emergency introduced in Serbia on 15 March 2020, the National Bank of Serbia (“NBS”) adopted on 17 March 2020 two decisions aimed at protecting Serbia’s financial system: the...

Bank ID introduced in the Czech Republic will utilise bank authentication tools to access public administration systems and other online services

February 2020 – Following their introduction in 2009, Data Boxes (in Czech: “datové schránky”) represented the Czech state’s only major foray into the world of e-government services. Another example are ID cards containing an electronic chip...

Bulgaria introduces more detailed rules for provision of remote and online payment services

July 2019 – The Bulgarian National Bank (the “BNB”) has recently adopted amendments to its Ordinance No. 3 on the Terms for the Opening of Payment Accounts, Execution of Payment Transactions and Use of Payment Instruments (the “Ordinance”)....

Payment card acceptance in Hungary

May 2019 – The Hungarian Competition Authority ("HCA") has published its draft sector inquiry report on payment card acceptance in Hungary.