In May 2022, the European Commission announced the REPowerEU Action Plan, proposing a package of measures to accelerate the energy transition, made even more urgent by the high dependence on Russian gas. Given the urgency of deploying renewable energy installations, the EC highlighted the generation of electricity from solar energy (i.e., solar power plants, photovoltaics) as a priority and key issue. Such technology has a minimal environmental impact (especially when installed on existing built surfaces), high public acceptance, the fastest technical feasibility, and, last but not least, a low cost (the price of the technology has fallen by around 82% over the last decade).
New Federal Electronic Announcement and Information Platform
The mandatory fee-based publication in the print medium of the Official Journal of the Wiener Zeitung (Amtsblatt der Wiener Zeitung) ("Official Journal") is going to be replaced by free-of-charge publication on the new Electronic Announcement and Information Platform of the Federation ("EVI").
Proposed Changes Set to Ease Rules for Foreigners in Serbia
Migration is a phenomenon as old as humanity itself. In modern times, a good life today means a good job.
Turkey’s Competition Authority’s Preliminary Report on Online Advertising Sector Inquiry
April 2023 – On 7 April 2023, the Turkish Competition Authority (“Authority”) published its Preliminary Report prepared within the scope of the “Online Advertising Sector Inquiry” (“Report”) that it initiated on 21 January 2021.
New Capital Market Law Started to Apply in Serbia
On 6 January 2023, the new Law on Capital Market started to apply in Serbia (except for certain provisions delayed further until the accession of Serbia to the EU). This law is adopted as a part of a comprehensive reform of the capital market legal framework in Serbia and introduces a completely new set of rules in line with the relevant EU regulations governing markets in financial instruments (MiFID I and MiFID II), prospectus, investor-compensation schemes, transparency, securities settlement, and market abuse.
CJEU Ruling on Rest Periods - Hungarian Labour Law to Be Amended
In its recent judgment of 2 March 2023, the CJEU ruled on the concepts of daily and weekly rest period and their relation. The judgment fundamentally contradicts the approach reinforced in the Hungarian Labour Code this year; therefore the legislator has to change the concept of rest periods to comply with the EU Working Time Directive.
(In this article, we analyse the judgment 02/03/2023 - MÁV-START Case C-477/21)
Bulgaria: The New Whistleblower Protection Act Enters Into Force
On 4 May 2023 the Bulgarian Act on the protection of persons who report or make public information on breaches ("Whistleblower Protection Act" or "WPA")1 adopted earlier this year enters into force, giving effect to the provisions of Directive (EU) 2019/19372 and imposing a number of obligations on employers in both the public and private sector.
Turkiye Introduces Significant Amendments to Energy Legislation and to the Law on Organized Industrial Zone
Law No. 7451 on the Amendment of the Law on Organized Industrial Zones and Certain Laws (“Law No. 7451“), published in the Official Gazette dated 10 April 2023 and numbered 32159, introduced significant amendments to energy legislation, and the Law on Organized Industrial Zones and entered into force on the same date.
Arm’s Length Interest Rates
The Ministry of Finance published, at the end of -March 2023, its eleventh Regulation on interest rates which are considered to be in line with the "arm’s length" principle. The Ministry of Finance, i.e. the Minister issues this Regulation every year and it pertains to the interest rates for that year.
Mandatory E-Invoicing Proposal Within the EU from 2028
From 1 January 2028, e-invoices will be mandatory for cross-border supplies of goods or services. with corresponding ‘near-real time’ reporting. The current maximum issuance requirement of 45 days post-taxable event is proposed to be shortened to just two days.
Turkey to Launch Blockchain Based “Digital Identity” on the e-Government System
After the Central Bank of the Republic of Turkey announced that it will complete the first CBDC tests at the end of 2022, it was announced that the blockchain-based digital identity application would be implemented in the “Digital Turkey 2023 First Meeting” held under the chairmanship of Vice President Fuat Oktay at the Presidential Complex in the first days of 2023. With the login system that will work within the scope of the e-wallet application, it will be possible to log in to the e-Government with digital identities created in the blockchain network.
Going Digital – Romania’s Government Cloud Secondary Legislation in Place
It is no secret that Romania is the EU Member State with the least digitised services in the public administration. But that is about to change.
Can Our Dog’s Name Identify Us?
Dogs are becoming an increasingly significant part of our lives. Regardless of the owner’s age – we can acknowledge that almost everybody enjoys their time patting a dog. Moreover, many people are addressing their dogs as babies, recognizing them as a part of the family.
Ukraine Enacts Law Implementing International Standards for Automatic Exchange of Financial Account Information
A new law implementing a wide range of international agreements and standards is aimed at improving global transparency in Ukrainian tax reporting and will have implications for a variety of taxpayers.
Hungary: Introduction to the New Company Act
The procedural rules applicable to the registration of companies in Hungary have been largely unchanged since the entry into force of the present Company Act of 2006 (Act V of 2006 on Public Company Information, Company Registration and Winding-up Proceedings). Now, these long-established practices are about to change, as a new Company Act (Act XCII of 2021 on the Registration of Legal Persons and the Registration Procedure) is being introduced by the legislator.
The Turkish Court of Cassation Ruled That the Ban on Determining a Contract Value in Foreign Currency or Indexed to Foreign Currency Concerns Public Order and Must Be...
The 12th Civil Chamber of the Court of Cassation ruled with its decision numbered 2022/9954 (E. 2022/6460) and dated October 6, 2022 (the “Decision”) that the prohibition on determining a contract value in foreign currency or indexed to foreign currency which introduced by the Decree No. 32 on the Protection of the Value of Turkish Currency ("Decree No. 32") concerns public order and must be taken into account by the judge ex officio (automatically) even if it is not raised by the parties during the proceedings.
E-Mail Address as Personal Data
In a recently published judgment, the Curia ruled that a private e-mail address containing the full name of a natural person qualifies as personal data. However, the unlawful processing of personal data does not automatically constitute a violation of the right to the protection of personal data in the absence of other elements.
Revolutionizing the Future: All That AI
The Future Is Here! And it is here to stay. What we could only imagine some years ago is now part of our reality, and AI has become an ever-present topic. AI is everywhere, from banking and healthcare to transportation and entertainment.