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On July 10, 2023, the European Commission adopted a new mechanism for personal data transfer between the EU and the US – the Decision no. C (2023) 4745 (“the Decision”), which stipulates that the US provide adequate and appropriate level of protection, i.e., that corresponds to the one existing in the EU in terms of personal data transferred from the EU to the US companies, without the obligation to undertake any further protective measures. The Decision entered into force and started to apply on the day of its adoption.

Hungary has adopted new laws covering various areas, prioritizing electronic registration processes and the construction industry, while also making significant advancements in the energy field, according to Nagy es Trocsanyi Partner Orsolya Kovacs.

On 28 April 2023 the European Commission ("Commission") put forth a proposal (Link) to revise Directive (EU) 2015/2366 (Payment Services Directive, "PSD2"), which was adopted on the EU level in 2015 and transposed into Austrian law by the Payment Services Act (Zahlungsdienstegesetz 2018 – ZaDiG 2018).

These days, Austrian lawyers are primarily focused on the topics of the prevailing economic climate and its future trajectory, the implications of ESG trends, and the impact of artificial intelligence on the legal profession, according to Dorda Managing Partner Martin Brodey.

More Articles ...

  1. Peter Tutsch Joins Fieldfisher in Vienna as Partner
  2. ODI Law and Karanovic & Partners Advise on Makedonski Telekom's Insourcing of 150 Ericsson Employees
  3. Schoenherr Successful for Jaegermeister in Trademark Dispute Before Austrian Supreme Court
  4. John Giannakakis Joins ELTA Hellenic Post as CLO
  5. Wolf Theiss Advises Bain Capital Special Situations on Acquisition of 20% Stake in IMS Nanofabrication
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