Sorainen has advised the Better Fund on obtaining an activity license from Estonia’s financial supervision and resolution authority.

On October 20, 2022, the Government Emergency Ordinance no. 140/2022 on the single industrial licence (“GEO 140/2022”) adopted by the Romanian Government has been published in the Official Gazette.

The latest amendments to the Companies Act (“Act“) from 2021 specify the mandatory elements of the headquarters of each enterprise. Each registered office address must contain information related to the city, municipality, street or square, house number, floor, and apartment number.

Sorainen has provided pro bono advice to circular economy start-up FudLoop on the administrative law and compliance aspects of its daily operations. 

Law no. 53/2003 - Labour Code (the “Labour Code”) will be amended by Law no. 283/ 2022 for amending and supplementing Law no. 53/2003, as well as by Government Emergency Ordinance no. 57/2019 regarding the Administrative Code, which was published in the Official Gazette of Romania, Part I, no. 1013 of 19.10.2022 (“Law 283/ 2022”).

The Government of the Republic of Serbia rendered the new Ordinance on Conditions, Manner and Procedure for Awarding the State-owned Agricultural Land for Use for Non-agricultural Purpose, that came into force on 10 September 2022.