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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.

Romanian Employment Updates - October 2021

Romanian Employment Updates – October 2021

Ukraine: The deadline to fulfil UBO disclosure requirements extended until July 2022

October 2021 – On 10 October 2021, Law of Ukraine No.1805-IX “On Amendments to the Law of Ukraine on the Prevention and Counteraction to the Legalisation (Laundering) of Proceeds from Crime, Financing of Terrorism and Financing of the Proliferation...

New rules for the cultivation and export of medical cannabis and increased limits for THC concentrations in industrial hemp in the Czech Republic

October 2021 – On 8 October 2021, an amendment to the Act on Addictive Substances (the “Amendment”) was published. The Amendment is designed to expand the possibilities for cultivating medical use cannabis to a broader range of subjects, including...

Ukraine seeks private-sector engagement for modernisation of its port infrastructure

August 2021 – Despite having the largest port potential in the region, with 13 state-owned seaports located on the coasts of the Black and Azov Seas, Ukraine’s port industry struggles with various problems, including outdated and worn-out equipment...

Romanian Employment Updates – New obligation for employers; more flexibility for using electronic signatures; paid day off for Covid-19 vaccination

July 2021 – A new obligation is established for employers via the template employment agreement.

“Diia City”: A special legal and tax regime for IT companies in Ukraine is coming into play

July 2021 – On 15 July 2021, the Ukrainian parliament adopted the Law “On Stimulation of the Development of the Digital Economy in Ukraine” No. 4303 (“Diia City Law“). To become effective, the Diia City Law must be signed by the president and...

Ukrainian legal entities must disclose their UBOs - The form of ownership structure has been adopted

9 July 2021 – On 11 July 2021, an Order of the Ministry of Finance of Ukraine dated 19 March 2021 “On approval of the Regulation on the form and content of an ownership structure” enters into force. The Order sets out the required details concerning...

Summary regarding the introduction of the ultimate beneficial owners registry

July 2021 – After a long preparation, Hungary has introduced the ultimate beneficial owner’s registry (“UBO Registry”), in line with the 4th anti-money laundering directive of the EU, by Act XLIII of 2021 on the establishment and operation of...

Romania sets out new rules on medical devices

June 2021 – On 11 June 2021, the Government Emergency Ordinance no. 46/2021 (“GEO no. 46/2021”), which establishes the institutional framework and measures for the implementation of Regulation (EU) 2017/745, entered into force. The aim of GEO no....

European Commission adopts new data protection-related standard contractual clauses

June 2021 – On 4 June 2021, the European Commission updated its standard contractual clauses for transfers of personal data to third countries and also released new standard clauses for controller-to-processor relationships. As data transfer standard...