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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.

Amendments to the Bankruptcy Law in Serbia

December 2017 – On 14 December 2017, the Serbian Parliament adopted amendments to the Bankruptcy Law aimed at, among other things, shortening the bankruptcy procedure and improving settlement of the bankruptcy and secured creditors’ claims. The relevant...

Ukraine amends civil aviation insurance rules

December 2017 – New “Rules and Regulations for Mandatory Civil Aviation Insurance” (adopted by the Resolution of Cabinet of Ministers of Ukraine No.676 on 06.09.2017) entered into force on 20 December 2017. The new rules replace regulations that...

Ukraine delays protectionist measures against foreign-made regional jets

December 2017 – On 7 December 2017 the Ukrainian parliament voted to approve legislation (Draft Law No. 7280 “On The Amendment to the Law of Ukraine 1796-VIII ”) to extend the exemption from import duties (including VAT) for certain foreign-made...

Cybercrime: The road begins in Hungary

December 2017 – Each year hundreds of billions of dollars are lost by companies due to cybercrimes committed by criminals. These attacks vary from sophisticated hacking to primitive fraud attempts.

New procedural rules for the 21st century, in Hungary

December 2017 – The Hungarian Parliament has recently adopted three new procedural laws: Act CXXX of 2016 on the Code of Civil Procedure (“CCP”), Act I of 2017 on the Code of Administrative Litigation (“CAL”), and Act CL of 2016 on Administrative...

Ukraine revises its arbitration law, introduces new arbitration rules

November 2017 – Ukrainian arbitration law, which follows almost to the letter the 1985 UNCITRAL Model Law (the "Model Law"), has been largely unrevised since its adoption in 1994, despite subsequent changes introduced to the Model Law in 2006. As a...

EU General Data Protection Regulation – new rules as of 25 May 2018

November 2017 – References to the European General Data Protection Regulation (the „GDPR”) are currently widespread. In this article, we provide a short and handy guide on the key takeaways of the GDPR, the new-coming EU-wide data protection framework...

Going the extra mile: another set of amendments to Ukrainian competition laws are in the pipeline

November 2017 – Following last year's success in updating Ukrainian competition laws, Ukrainian Parliament has taken another step forward by adopting a set of long-awaited amendments.

UK and Czech Republic: anti-bribery laws compared

November 2017 – The UK Bribery Act 2010 came into force on 1 July 2011, creating for businesses operating in the UK the most stringent and far reaching anti-bribery legal regime in the world. In particular, it imposed strict criminal liability on corporates...

New obligation for Romanian employers to initiate collective negotiations related to recent amendments to the Romanian Tax Code shifting the payment of social contributions from employer to employee

November 2017 – Government Emergency Ordinance no. 82/2017, which amends and supplements provisions relating to the Romanian tax code (“GEO no. 82/2017”) was published on 16 November 2017 in the Romanian Official Gazette, Part I.