CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Austria's lawyers are keeping busy these days, with work primarily driven by an active M&A market, restructuring, litigation, and regulatory changes, while those changes are putting increasing pressure on small businesses, according to Act Legal Partner Roman Hager.
The Decree on the Determination of the Companies Subject to Independent Audit ["Decree"] No. 6434 published in the Official Gazette dated November 30, 2022 and numbered 32029, abolished the Decree on the Determination of the Companies Subject to Independent Audit No. 2018/11597 dated March 26, 2018, published in the Official Gazette dated May 26, 2018 and numbered 30432, and amended the thresholds of the criteria for determining the companies subject to independent audit while also amending the scope. These amendments aim to adapt the scope of independent audit to today's needs and to harmonize with the EU regulations.
Sorainen has provided pro bono advice to circular economy start-up FudLoop on the administrative law and compliance aspects of its daily operations.
The Digital Services Act ("DSA") was published in the Official Journal of the European Union on 27 October 2022. This means that the Act, targeting numerous online services, will enter into force only 20 days later, on 16 November 2022.
Partner Pawel Hincz and Counsel Juliusz Krzyzanowski have been appointed as Head of Healthcare & Life Sciences M&A and Head of Healthcare & Life Sciences Regulatory, respectively, within Baker McKenzie’s Warsaw Office.
Former Schoenherr Of Counsel Olga Sipka has joined Kinstellar as a Special Counsel and new Head of the local Competition and Compliance practice in Belgrade.
Zvezdelina Filova has become the new Local Practice Leader for Deloitte Legal in Bulgaria, following the departure of former Partner Reneta Petkova.
