Five years ago, probably the most common concern of companies across the European Union was to reach compliance with the General Data Protection Regulation. In the recent years, tempers have calmed down, nevertheless the application of the GDPR raises interesting legal questions from time to time. To celebrate the GDPR’s fifth birthday, we collected five landmark decisions of the Court of Justice of the European Union interpreting the GDPR that made a high impact on data controllers’ lives.
The Last Day for Registration to E-government Portal Approaching
We would like to remind you that tomorrow is the final day for legal entities in Serbia to register as users of the e-government portal.
A New Hope for the Commercial Prosumers
In January 2023, the Serbian Ministry of Mining and Energy initiated the procedure for the amendments to the Law on the Use of the Renewable Energy Sources (“Amendments”) whose purpose was, among others, to limit the installed power of the prosumers.
The Abolition of Hungarian Special Taxes: Where Will the State Make Up The Shortfall?
Significant changes are expected in the Hungarian tax system in the coming years, which could have a major impact on economic operators and individuals alike. As a result of the changes, the State is likely to lose significant revenues and the means to replace these revenues are not yet known.
ESG Trends in the Western Balkans
Despite entering the corporate lexicon back in 2004, the concept of ESG (Environmental, Social, Governance) remained relatively obscure for over a decade. However, with the intensification of discussions around global warming, ESG has become a significant part of the conversation and a focal point for today's companies.
Serbian Competition Authority Initiates New Antitrust Investigation – Potential Bid Rigging
The Commission for Protection of Competition of Serbia (the “Commission”) announced on 3 May 2023 that it initiated an antitrust investigation against the companies KTG Solucije d.o.o. Subotica and Eco Sense d.o.o. Subotica due to alleged restrictive agreement – colluding in public procurement procedures (bid rigging).
Can the Hungarian Public Prosecutor Challenge Foreign Companies’ General Terms of Business in Hungarian Courts? The Budapest Court of Appeal Thinks So
In a recent case (under No. BDT2023.4623), the Budapest Court of Appeal made an important decision on the issue of jurisdiction. The case related to challenging the fairness (and the validity) of general terms of business (GTCs) of foreign service providers engaging in business with consumers in Hungary.
Serbian Government to Launch a Strategic Partnership Tender for Self-Balancing Solar Power Plants
EPS (Elektroprivreda Srbije) seeks a strategic partner to design, build, fund, operate and maintain at least 5 new solar power plants.
Out of Focus: EC Proposals for Changes in The European Pharmaceutical Legislation that Went Unnoticed – Part II
In the previous article, we reviewed in detail some of the proposals of the European Commission for a comprehensive overhaul of European pharmaceutical legislation, contained in the new draft Directive on the Union code relating to medicinal products for human use (the “Directive”) and in the draft Regulation laying down Union procedures for the authorisation and supervision of medicinal products for human use and establishing rules governing the European Medicines Agency (the “Regulation”), which were not addressed by the Bulgarian media.
Construction Right to be Reintroduced Into the Hungarian Civil Code
At the beginning of May 2023, a new bill to amend certain laws to increase the competitiveness of the economy was submitted for public consultation. The bill proposes amendments to many laws, but the most important of these is the regulation of construction right in the Civil Code.
Sustainable Financing: New Unified European Standard for Green Bonds Implemented
The European Commission is preparing a new regulation on so-called green bonds, the draft for which is already in its final form and should be approved by the European Parliament shortly. The regulation will allow issuers to issue bonds under the unified designation "European green bond", in exchange for compliance by issuers with certain conditions and obligations related to the financing of their sustainable projects.
Amendments to a Contract With a Contracting Authority May Constitute State Aid
The regulations allow, and even mandate, a consequential amending of a public contract in certain cases. However, they do not prejudge whether such an amendment is state aid.
Legislative Changes Related to the Urbanism and Authorization of Construction Works With Focus on Renewable Energy Projects in Romania
A new Law on supplementing and amending of (i) Law no. 350/2001 on spatial planning and urbanism and (ii) Law no. 50/1991 on the authorization of the execution of construction works has been adopted by the Romanian Parliament on 11 May 2023 (law draft PL-x nr. 110/2023). To enter into force, the law is yet to be promulgated by the President and subsequently published in the Official Gazette.
Out of Focus: EC Proposals for Changes in The European Pharmaceutical Legislation that Went Unnoticed – Part I
On 26 April 2023, the European Commission presented its long-awaited proposal for a comprehensive reform of the European pharmaceutical legislation.
A New Addition to the Polish Legal System: The Family Foundation
Starting on 22 May 2023, it will be possible to establish and register family foundations in Poland. The Polish legal system will thus be expanded by a new institution that allows assets to be accumulated and managed, and profits to be distributed to beneficiaries. The legislature wished to provide the means for family-owned businesses and their owners to engage in intergenerational wealth management and to grow their wealth over time while protecting it from dispersal to unrelated entities and persons. Hence, family foundations may serve as a means to retain and multiply a family's wealth, independent of inheritance law.
Capital Markets in Serbia
Contributed by Karanovic & Partners.
Capital Markets in Moldova
Contributed by ACI Partners.
Capital Markets in Poland
Contributed by SK Legal Stokłosa & Kot.