Starting from 20 May 2026, short-term accommodation rental services in the EU will be subject to Regulation (EU) 2024/1028 of the European Parliament and of the Council of 11 April 2024 on data collection and sharing relating to short-term accommodation rental services, which also amends Regulation (EU) 2018/1724.
DAC7-Like Reporting Rules – What Will Be Expected from Online Platform Operators?
With the rise of digital platforms and the possibilities that the internet provides for businesses, more and more sellers are able to offer goods and services via these platforms and the internet. In this context, it has been difficult for the Ukrainian tax authorities to trace the flow of goods and services as well as to identify sellers to ensure that these goods and services are duly taxed.
Introduction of a Unified Electronic Employment Record in Bulgaria
Following an amendment in the Bulgarian Labour Code in late 2023 which will enter into force on 1 June 2025, Bulgaria is moving towards the introduction of a unified electronic employment record. This change will affect all Bulgarian employers and their employees and bring an end to the issuance and maintenance of paper-based labour books.
New Law on the Central Register of Beneficial Owners
With the adoption of the Law on the Central Register of Beneficial Owners (“Official Gazette of the RS”, No. 19/2025), which entered into force on 14 March 2025, the legal framework governing this area has undergone significant changes. The application of most provisions is postponed until 15 September 2026, while certain provisions are applicable earlier.
Intellectual Property – A Permitted Monopoly in the Pharmaceutical Industry
As a driving force behind human progress, Intellectual Property represents property arising from the creative, inventive, or innovative activity of a human being. Such activities are protected by permitted monopolies made possible through Intellectual Property Rights. A particular challenge lies in finding a balance between protecting innovation through Intellectual Property Rights and the public interest—especially in industries where this balance plays a significant role, such as the pharmaceutical industry.
Legal Opinions in North Macedonia’s SEPA Credit Transfer Accession
North Macedonia’s formal accession to the Single Euro Payments Area (“SEPA”) marks a significant step toward deeper European financial integration. Following the European Payments Council’s (“EPC”) decision in early 2025 to extend SEPA’s geographical scope to include the Republic of North Macedonia, commercial banks and other payment service providers (“PSPs”) based in the country are now eligible to join the SEPA Credit Transfer (“SCT”) scheme. This milestone will enable citizens and businesses in the Republic of North Macedonia to send and receive euro payments under the same efficient and standardized conditions enjoyed across the SEPA area.
Dealing with Private Equity Interest
What do you do when a private equity fund comes knocking on your door? Ask you out for a dinner to talk about your business?
General Overview and Advantages of Insurance Arbitration
The insurance arbitration system is an alternative dispute resolution mechanism aimed at resolving disputes arising from insurance contracts more quickly and efficiently, without resorting to the courts.
Company Share as a Joint Property of Marital Spouses
One of the most frequently asked questions by our clients during divorce proceedings concerns what exactly belongs to a spouse in relation to a company that was undoubtedly founded using the joint property of the spouses during the marriage, despite the fact that the spouse in question formally and legally does not hold the status of a founder or is not registered as the owner of a share in that company. In other words, the founding contribution amounted to 1 euro, and the company is now worth millions—what rights does each spouse have?
Macedonian Competition Commission Stepping Up Its Enforcement Efforts
In the last few months, the Commission for Protection of Competition of the Republic of North Macedonia (the “Commission”) has stepped up its enforcement efforts of antitrust rules and food supply chain practices in the country.
Is Expropriation a Legally Justified Mechanism for the Protection of the Public Interest?
Expropriation is the process of taking or limiting ownership and other property rights over real estate for the purpose of realizing a public interest as defined by law. In the Republic of North Macedonia, this process is regulated by a specific Law on Expropriation.
Small Debts Simplified Claims Threshold Increase Welcomed by Romanian Businesses
On April 8, 2025, the lower Romanian chamber of the Parliament approved the legislative proposal no. 606 (Proposal) that aims to raise the threshold pertaining to the initiation of a specific type of lawsuit concerning debt recovery.
Employing Foreign Nationals in Romania: Challenges, Regulations, and Solutions to Overcome Labor Shortages
Romania continues to experience a significant labor shortage due to widespread emigration and demographic decline, particularly in the construction, trade, and HoReCa (Hotel/Restaurant/Café) sectors.
Transposition of the Corporate Sustainability Reporting Directive in Romania
Romania is taking a decisive step toward integrating the EU’s Corporate Sustainability Reporting Directive (CSRD) through the triple regulatory framework simultaneously established by the Ministry of Finance through Order No. 85/2024, the Financial Supervisory Authority through Norm No. 4/2024, and the National Bank of Romania through Order No. 1/2024.
Romania’s Logistics Landscape in Motion: Strategic Shifts Amid Market Consolidation
Romania’s logistics and transportation sector is entering a new era. With the recent regulatory approval of DSV’s acquisition of DB Schenker, the industry is witnessing the most significant consolidation move in over a decade. The deal directly reshapes how logistics providers in Romania position themselves, scale their operations, and recalibrate strategic priorities.
Powering the Future: Key Legal Developments in the Romanian Energy Sector for 2025
The Romanian energy sector has been a hot topic in recent years due to market developments as well as to the legal framework which continued to adapt to governmental policies and the market’s needs. 2024 was no exception to this trend, with several milestones reached, and 2025 is expected to bring further changes and evolutions on the market.
The Constitutional Court of Romania Definitively Settles the Issue of Building Permits Following the Annulment of Zonal Urban Plans
On April 9, 2025, the Constitutional Court of Romania (CCR) published a press release with significant implications for urban planning practice and real estate development in Romania.
Accessibility Law and Its Impact on Banking Services in Romania
Romania is set to implement a significant legal framework aimed at enhancing the accessibility of products and services for all consumers, particularly those with disabilities.