Legislation amending the Hungarian Competition Act was published on 1 December 2022. The amendments include – among others – an increase in certain fees and fines, and the introduction of a new legal instrument, the letter of formal notice of the President of the Hungarian Competition Authority (‘GVH”). The amendments entered into force on 1 …

CLIENT ALERT – HUNGARY: Important amendment to the Competition Act Lire la suite

We are providing our clients with a quarterly Newsletter on the most recent legal changes in Central & Eastern Europe: in Hungary, in Bulgaria, in Romania, in Croatia, in Serbia and in Ukraine. Read our latest CEE Newsletter (Q4 2022) here: CEE Newsletter Q4_2022_ENG

As a reminder, on 30 November 2022, the European Commission published a Communication to the Council and a proposal to the Council in which it recommended freezing: on the one hand, 5.8 billion euros of the post-Covid-19 recovery plan, representing 70% of the 7.2 billion euros envelope earmarked for Hungary, and on the other hand, …

CLIENT ALERT – HUNGARY: EU member states reached an agreement with Hungary on the suspension of EU funds Lire la suite

The National Council of the Slovak Republic adopted on 4 October 2022 an amendment to the Labour Code (in Slovakian « zákon č. 311/2001 Z. z. ») by law no. 350/2022 entered into force on 1 November 2022. According to the explanatory report to the law, the amendments were adopted mainly in order to carry …

CLIENT ALERT – SLOVAKIA: Important changes to the Slovakian Labour Code Lire la suite

Please find below a link to an article about the relaunch of a massive privatisation program in Ukraine, written by Vasil Kisil & Partners law firm, our partner in Ukraine. This article contains all the information allowing investors to learn about investment opportunities despite the current context. https://vkp.ua/en/publication/ukraine-relaunches-privatization-future-belongs-to-the-brave 02.12.2022

We are providing our clients with a quarterly Newsletter on the most recent legal changes in Central & Eastern Europe: in Hungary, in Bulgaria, in Romania, in Croatia, in Serbia and in Ukraine. Read our latest CEE Newsletter (Q3 2022) here: CEE_Newsletter_Q3_2022_EN

We are very happy to announce that we have joined the French-Bulgarian Chamber of Commerce and Industry and its 240 members, French, Bulgarian and multinational companies. We look forward to meeting new partners and further develop our expertise in Bulgaria. 22 September 2022

The EU Whistleblowing Directive is yet to be implemented in Bulgarian law; still, the employers should already start planning the protection policies. Alike the GDPR compliance a few years ago, the EU Whistleblowing Directive (Directive (EU) 2019/1937 on the Protection of Persons Who Report Breaches of Union Law) is to impact the majority of the …

CLIENT ALERT – BULGARIA: Employers are to provide for protection of whistle-blowers Lire la suite

New law on small business lump-sum tax The new law n°XIII of 2022 on small business lump-sum tax (in Hungarian: “2022. évi XIII. törvény a kizadózó vállalkozók tételes adójáról”, hereinafter referred to as: “New KATA law”) was published in the Hungarian National Gazette on 18 July 2022. The New KATA law will enter into force …

CLIENT ALERT – HUNGARY: New law on small business lump-sum tax, Changes in energy price caps for domestic consumers Lire la suite

Government Ordinance no. 16/2022 published on 15 July 2022 has introduced significant changes to the Romanian Fiscal Code. The amendments will enter into force in two steps, on 1 August 2022 for some of them and on 1 January 2023 for the others. Corporate income tax Tax exemption on reinvested profit The Ordinance has extended …

CLIENT ALERT – ROMANIA: Major changes to the Romanian Fiscal Code Lire la suite