Recruiting staff in Romania may seem daunting to employers, specifically to those foreign-owned, unfamiliar with Romanian employment legislation. Nevertheless, if certain basic rules are determined and further observed, the recruiting procedure should run smooth and clean from a legal perspective.
Tax Exemption in The Polish Investment Zone From 2023 in Yet a Different Shape
As of 1 January 2023, new conditions govern aid in the Polish Investment Zone (PIZ), as indicated in the new regulation implementing the Act on supporting new investments (the new PIZ regulation).
A New General Collective Agreement Has Been Signed
The new General Collective Agreement („GCA“) has been published at the Official Gazette of Montenegro no. 150/22 on 30, December 2022 and will be valid for period of three years from 31, December 2022 when it came into legal force.
Turkish Competition Authority Published the M&A Overview Report for 2022
Law No. 4054 on the Protection of Competition (“Competition Law”) applies to merger and acquisition transactions ("Transactions") since they may lead to consequences such as establishing/strengthening a dominant position or restricting effective competition in the market. Additionally, as per Communiqué No. 2010/4 Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board ("Communiqué"), some Transactions are subject to the Competition Board's ("Board") approval. In this regard, the Turkish Competition Authority ("Authority") releases the Mergers and Acquisitions Overview Report each year to describe the overview of the Transactions examined within its body and thus provides a breakdown of the Transactions that took place in the market as along with a broad market overview. The Mergers and Acquisitions Report for 2022 ("Report") was published and made public by the Authority on January 6, 2023.
On the Possibility to Avoid a Corporate Transformation in Insolvency Proceedings
In its recent decision in re Smusta a.s., the Supreme Court ruled on the possibility to avoid a corporate transformation in insolvency proceedings.
SEC Increases Scrutiny on Cryptocurrency Companies
As investors continue to seek a safe haven after the collapse of crypto exchanges, cryptocurrency companies have begun to resort to new ways to restore confidence. The most important issue in the market is whether cryptocurrency companies have enough assets to cover their customers' funds.
Advertising of Medical Devices in Poland: Surveillance and Sanctions
Under the Polish Medical Devices Act of 7 April 2022 (the MDA), surveillance over medical device advertising is exercised in principle by the President of the Office for Registration of Medicinal Products, Medical Devices and Biocidal Products (the URPL), and in certain cases, by the Minister of Health or the Chief Sanitary Inspector.
Corporate Governance in Ukraine
Contributed by Arzinger.
Corporate Governance in Turkey
Contributed by Guleryuz & Partners.
Corporate Governance in Slovenia
Contributed by Kavcic, Bracun & Partners.
Corporate Governance in Serbia
Contributed by Gecic Law.
Corporate Governance in Romania
Contributed by MPR Partners.
Corporate Governance in Poland
Contributed by Dentons.
Corporate Governance in Moldova
Contributed by ACI Partners.
Corporate Governance in Lithuania
Contributed by ILaw Lextal.
Corporate Governance in Hungary
Contributed by KCG Partners.
Corporate Governance in Bulgaria
Contributed by Peterka & Partners.
Corporate Governance in Bosnia and Herzegovina
Contributed by Ibrahimovic & Co.