Are compliance teams a necessary evil or effective facilitators of business success? At the CEE Legal Matters GC Summit held in Istanbul, legal experts from across Europe discussed how to best foster a culture of compliance and ethics in order to benefit businesses, as well as why multidisciplinary knowledge and an agile approach are crucial for compliance teams.
New Czech Cybersecurity Regulation: What You Need to Know
Does your business produce computers or other electronic or electrical equipment? Maybe you make machinery and equipment, pharmaceuticals, medical devices or food? Do you have 50 or more employees? Then your company is likely to be subject to the new cybersecurity regulations. The same applies if your activities are in the chemical industry or you provide a variety of digital services – for instance cloud computing, data centre services or online marketplaces.
Fines for Breaches of Cookies Regulations Amounting to Almost CZK 4.5 Million
Since the beginning of this year, the Personal Data Protection Office has issued fines of almost CZK 4,500,000 for breaches of the GDPR in connection with the processing of personal data via cookies.
ESMA’s Public Statement on ESG in Prospectuses
On 11 July 2023, the European Securities and Markets Authority (“ESMA”) published a public statement (“ESMA Statement”) regarding sustainability-related disclosure requirements in prospectuses for both equity and non-equity securities.
Czech Republic: The Whistleblowing Act Finally in Effect
Although the deadline for transposing Directive (EU) 2019/1937 on the protection of persons who report breaches of Union law (the Whistleblowing Directive) into national law passed on 17 December 2021, the Czech Republic has been among those Member States struggling to adopt a corresponding act into local legislation. Nonetheless, after turbulent discussions and legislative proposals, the bill has finally been passed and came into force on 1 August 2023.
KSB Helps REMA System Obtain Electrical Equipment Collection System Authorization
Kocian Solc Balastik has advised REMA System in obtaining an authorization from the Ministry of the Environment to operate a collection system for all groups of electrical equipment, including solar panels.
Staying on Top of Trends in Austria: A Buzz Interview with Martin Brodey of Dorda
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.