CEE Legal Matters In-depth coverage of the news and newsmakers that shape Europe's emerging markets 
On 5 April 2023, the Government approved a long-awaited amendment to the Labour Code that incorporates several European directives and brings a number of fundamental changes that will affect most employers.The draft amendment will now be discussed in the Chamber of Deputies. If it passes swiftly, which is expected, the amendment could already be mostly effective during the summer holidays.
The EU’s headline target for its Member States is to have a climate-neutral economy by the year 2050. To reach this goal, the European Commission have called on Member States to prepare their National Energy and Climate Plans (“NECPs”) as the first mandatory step towards the Energy Union.
Corporate investigations, though a relatively new concept in Romania, are increasingly becoming common among large companies operating in the country.
A high degree of effervescence in the country, with massive legislative updates both taking hold and still in the works – as well as a potential Prime Minister rotation soon to come – is what keeps lawyers talking in Romania, according to Act Legal Romania Partner Laura Estrade.
Act BSWW has advised Develia on its public placement of bonds worth PLN 15.4 million.
Austria's lawyers are keeping busy these days, with work primarily driven by an active M&A market, restructuring, litigation, and regulatory changes, while those changes are putting increasing pressure on small businesses, according to Act Legal Partner Roman Hager.
On March 17, 2022, Act Legal Poland (BSWW legal & tax) and Dentons announced that Adventum’s acquisition of Sky Tower from Develia (reported by CEE Legal Matters on September 27, 2021) has now closed.
Act Legal Poland (BSWW legal & tax) has advised investment fund manager Adventum on its EUR 84.42 million acquisition of a 79.55% stake in the Sky Tower office building in Wroclaw from Polish property developer Develia. Dentons advised the seller on the transaction.
ACT Legal Poland (ACT BSWW Legal & Tax) has advised Adventum on refinancing the Poznan Financial Center. Deloitte Legal advised Berlin Hyp AG on providing the new financing.
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