Bulgaria has outlined a procedure for electronic labour records (ELR) in a draft Ordinance published for public consultations on 21 May 2024. The switch to ELR will take effect on 1 June 2025, as stipulated by recent amendments to the Labour Code. This represents a significant step in the long-awaited digitalisation of employment records.
Gambling Operation in the Current Context. How to Find the Balance Between Budgetary Optimization, Social Protection, and Economic Freedom for Organizers?
Recent legislative changes in the gambling field have generated a series of economic challenges for this industry, leading more and more organizers to cease or restructure their activities.
"Open Banking” in Serbia and Membership in the Single Euro Payment Area (SEPA)
The National Bank of Serbia (“NBS”) has prepared a Draft Amendments to the Law on Payment Services (“Draft”) and invited experts and other interested parties to submit their suggestions and comments as part of a public consultation by 27 June 2024.
Navigating Influencer Regulation in Serbia
The rise of social media has transformed marketing strategies across the globe, and Serbia is no exception. Influencers - individuals with significant social media followings - play a pivotal role in promoting products and services. The influencer marketing industry has experienced remarkable growth over the past few years. As of 2024, it is projected to reach a market size of $24 billion, up from $21.1 billion in 2023. However, with this growing industry comes the necessity for regulation to ensure transparency, consumer protection, and ethical practices.
Leading the Way: Advancing Inclusion, Diversity, and Equity in the Legal Profession in Central and Eastern Europe
Inclusion, diversity, and equity (ID&E) are fundamental principles that shape the fabric of modern societies and industries. Within the legal profession, these principles not only reflect our commitment to justice and equality but also drive innovation, foster creativity, and enhance client service. In Central and Eastern Europe (CEE), where the gradual democratization and opening of societies since the 1990s has largely driven greater acceptance of diverse perspectives and communities, it is imperative for lawyers and law firms to take a leading role in advancing ID&E. In this article, we discuss how investing in inclusion, diversity, and equity can help your firm unleash the full potential of your workforce, foster creativity, and drive sustainable success.
Fake News About Fake Jerseys: Counterfeit Dilemma At The UEFA Euro 2024
As the UEFA Football Championship is now underway, football fans across Europe are buzzing with excitement. This sporting event is not just a celebration of top-tier talent and national pride but also a time when fans proudly sport their team’s colours. However, a troubling issue looms large: the rise of counterfeit football jerseys.
Is Hungary at the Forefront of Artificial Intelligence in Europe?
Recently, the Artificial Intelligence Coalition (MIK) informed the relevant committee of the Hungarian Parliament about possible trends in the sector. The MIK’s goal is clear: to put Hungary at the forefront of AI developments and applications in Europe and to become a member of the international AI community. In this process, it will bring together users, market players, academia, professional organisations and public institutions.
Ukraine: Cabinet of Ministers Updates Rules on Reservation of Persons Liable for Military Service
The Cabinet of Ministers of Ukraine issued Resolution No. 650 on "Some Issues with Reservation of Persons Liable for Military Service during Martial Law", dated 5 June 2024 ("Resolution"), which came into force on 8 June 2024.
NNDKP Employment Flash No.3/2024 – Latest News in the Labor Law Field
The Government Decision no. 598/2024 for establishing the minimum gross base salary at national level was published on June 6, 2024, in the Official Gazette Part I no. 529.
Slovakia Indirect Tax Alert: Tax on Sweetened Non-alcoholic Beverages
The Slovak government proposes a bill introducing indirect tax on sweetened non-alcoholic beverages with added sugar or sweeteners. Due to the voting majority in the National Council, it may be expected that the bill will be passed and will become effective from 1 January 2025.
Automatic Exchange of Information Regarding Financial Accounts with Ukraine Will Be in Place from September 2024
Since July 1, 2023, Ukraine has been a member of the international automatic exchange of information regarding financial accounts pursuant to the Common Reporting Standard (CRS). The international exchange of information includes 123 countries (as of May 2024).
Consolidation of Corporate and IP Law Firms on Serbian Market
The market for corporate law firms in the Republic of Serbia has undergone significant change.
Bulgaria Publishes a Draft Bill to Update Its Consumer Protection Act in Line With GPSR and Class Action Directive
On June 12, 2024, the Bulgarian Council of Ministers released a draft bill for public discussion, aiming to revise the Bulgarian Consumer Protection Act (“CPA”) to align with the requirements of the General Product Safety Regulation 2023/988 (“GPSR”) and the Class Action Directive 2020/1828 (the “Class Action Directive”).
Greenwashing in Poland and in Hungary
Nowadays, climate and environmental issues are increasingly important to many consumers. Being “eco” has become fashionable nowadays. Environmental issues are now recognized as an important market factor that allows a given company to improve its market position.
Ukrainian Capital and Commodity Markets: Enhancement to Regulator’s Powers and Other Regulatory Developments
On 27 April 2024, the Law of Ukraine, titled “On Amendments to the Law of Ukraine ‘On State Regulation of Capital Markets and Organised Commodity Markets’ and Certain Other Statutory Acts of Ukraine Concerning Regulation and Supervision of Capital Markets and Organised Commodity Markets” (the Law), came into effect.
Pay or Enjoy Behavioural Advertising
Have you noticed the latest development in the placement of behavioural advertising? You have basically a binary choice between consenting to the processing of a "complex" bundle of your personal data for behavioural advertising purposes or paying a fee. After paying the fee, you can use the platform without being targeted by behavioural advertising.
Latvia Introduces a Set-Aside Mechanism and Other Needed Changes to Its Arbitration Law
Latvia has recently taken significant steps to amend its arbitration law, introducing a set-aside mechanism among other necessary changes. This article provides an overview of the background to these changes, the specifics of the new set-aside mechanism, and other amendments made to the Latvian arbitration law.
Issues Raised by the ANPC During Thematic Inspections of Real Estate Developers
The National Authority for Consumer Protection (ANPC) recently organized thematic controls of real estate developers of residential projects to verify their compliance with the legal provisions on consumer protection.