CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Montenegro's Law on Games of Chance (the "Law") was enacted in 2004 and has undergone multiple amendments since. The most recent ones came into effect on 1 January 2024. The aim of the amendments, as stated by the competent authorities, is to ensure a sustainable regulatory system for organising games of chance via the internet or other telecommunication means, as well as to generate additional revenue from these activities.
Turunc has advised Bogazici Ventures on its investment in Retter.io, in a round that also included Inveo Ventures. Moroglu Arseven reportedly advised Retter.
Since early 2024, Hungarian legislative efforts have brought about several updates to consumer protection regulations. Ranging from novelties in consumer complaints and related processes, increased consumer protections fines, expanded rights of the consumer protection and competition authority to an unexpected obligation imposed on e-commerce providers to include the local postal delivery provider as a delivery option, changes to the sector have been diverse.
The challenges posed by rapid technological advancements and potential risks associated with AI continue to grow. Data protection, cybersecurity, and IP considerations, to name a few. With this in mind, policymakers strongly believe that it is crucial to establish a legal framework regulating, among others, the development and use of AI.
Gecic Law has advised the European Bank for Reconstruction and Development and Enterprise Expansion Fund II on their investment in Vega IT.
Turunc has advised Lightspeed Venture Partners on leading a USD 64 million series B investment round into AI-powered workplace safety platform Intenseye.
Schoenherr has successfully represented Tehnoexport in trademark cancellation proceedings before the EU Intellectual Property Office.
