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Romanian Energy Regulator vs. Romanian Gas Producers: Indirect Regulation of the Wholesale Prices for Romanian Gas
Nestor Nestor Diculescu Kingston Petersen, May 2020

Setting natural gas prices, directly or indirectly, is already a tradition in Romania and 2020 is not an exception to the rule...

Artificial Intelligence & Data Protection
Boyanov & Co., May 2020

Preface Artificial intelligence[1](AI) is widely recognised as one of the defining industrial phenomena of the 21stcentury. In today’s technology-dependent world, its potential impact on business and economic development can hardly be understated...

Deferrals of Repayments of Loans and other Credit Instruments
Cechova & Partners, May 2020

COVID-19 Although the first big wave of requests for repayment deferrals of banking and non-banking loans may seem to be over, a further one is likely just to come once some debtors realise the actual effects of COVID-19 crisis on their economic situation and the pandemic time frame for filing the requests for repayment deferrals will start approaching its end...

New Guarantee Facility, Extension of ERTE Temporary Layoff Procedures, Effects of the Crisis on Transfer Pricing, Return to Judicial Activity and 'Shields' for Businesses
Garrigues, May 2020

Garrigues analyzes the most important new legislation that companies need to be aware of in the coming days in the various areas of business law...

A New Big Guarantee Scheme for SMEs and Large Enterprises
Cechova & Partners, May 2020

A new BIG GUARANTEE SCHEME was introduced in Slovakia in a form of (i) guarantees for bank loansand (ii) remissions of guarantee premiums as per new Temporary Framework for State aid recently adopted by the European Commission to support the economy in COVID-19 outbreak and via adoption of an amendment (the “Amendment”) to Act No. 67/2020 Coll...

Compensation Bonus for Certain Shareholders in Limited Liability Companies - Covid-19
Kocian Solc Balastik, May 2020

On Monday, 4 May 2020, the government submitted an amendment to the Compensation Bonus Act to the Chamber of Deputies. The amendment should support, in addition to self-employed individuals (sole proprietors), certain shareholders in limited liability companies. This article provides details on the requirements, forms of application, and the amount of compensation...

Czech Government Approves the Abolition of Real Estate Acquisition Tax UPDATE
Kocian Solc Balastik, May 2020

At its meeting on April 30, 2020, the government approved the abolition of the 4% real estate acquisition tax and related changes in the Income Tax Act. The content of the proposal of the Ministry of Finance is described below. However, there are likely to be some adjustments to this wording as a result of the coalition agreement. According to the media, the change should concern the maintenance of the tax deduction of interest on real estate acquired until the end of 2021...

Current Business Trips to the Czech Republic during Covid-19 - Under what Conditions? UPDATE
Kocian Solc Balastik, May 2020

Business trips to the Czech Republic - under what conditions? UPDATE The government has started to announce the dismantling of certain Covid19 measures and from Monday, April 27, 2020, itnow allows business trips for foreigners to the Czech Republic, in respect of whichbusiness people were mounting pressure therefore. However, it set out a number of conditions and rules, which are further modified. The original Government Crisis Measure No...

European Commission Guidelines on Mobile Applications to Combat COVID-19
Kocian Solc Balastik, May 2020

The European Commission recently issued guidelines on mobile applications supporting the fight against COVID-19 in relation to data protection. Mobile applications commonly installed on smartphones can act as a support mechanism for health authorities at the national and EU level in monitoring and managing the ongoing COVID-19 pandemic and are particularly important in easing measures to reduce the spread of the disease...

Covid-19 Measures:Price Moratorium on Rent from Apartments - Rents Cannot be Increased!
Kocian Solc Balastik, May 2020

Price moratorium on rent from apartments - rents cannot be increased! On 24 April 2020, a moratorium on rental prices of apartments, issued by the Ministry of Finance (“MF”) came into force, which was adopted in the form of Government Decree No. 202/2020 Coll. This is a protective measure for tenants, which stipulates that the rent for an apartment cannot be increased for a limited period of time. This price moratorium is related also to Act No. 209/2020 Coll...

Czech State of Emergency to Continue until 17 May 2020.
Kocian Solc Balastik, May 2020

The state of emergency in the Czech Republic was extended until May 17, 2020. What does this mean?   At its meeting held on 28 April 2020, the Chamber of Deputies decided to extend the state of emergency until 17 May 2020. By Resolution No. 194 (published in the Collection of Laws under No...

Impact of Covid-19 on the Rental Housing Market and Latest Trends
Ellex Klavins, May 2020

In order to stem the spread of COVID-19 in Latvia the emergency situation is extended until 9 June 2020. Until then restrictive measures established by the Government that have serious impact on all sectors of the national economy shall be in effect. The rental housing market is no exception and has encountered a sharp drop in rent and significant changes to the situation on the lease market...

Social Elections Procedure Postponed due to COVID-19
ALTIUS/Tiberghien, May 2020

As a result of the COVID-19 crisis, the social partners have decided to suspend the current social election procedure and postpone the continuation of this procedure until after the summer. On 24 March 2020 the National Labour Council (NLC) issued an opinion that highlighted the implications of this postponement for companies. This NLC opinion has been transposed into a law which was voted in Parliament on 23 April 2020. This article outlines the most important consequences for employers...

New EU Rules to Protect Strategic Companies
Gianni, Origoni, Grippo, Cappelli & Partners, May 2020

“We continue to work closely with Member States to ensure that European businesses have access to urgently needed liquidity”, said the vice-president of the European Commission (“Commission”) Margrethe Vestager in connection with the amendment to the Temporary Framework on State aid adopted on 8 May 2020...

COVID-19 and Antitrust: The Measures Adopted by the Italian Competition Authority
Gianni, Origoni, Grippo, Cappelli & Partners, May 2020

1. Introduction The crisis caused by the Covid-19 pandemic has called for unprecedented measures also in relation to the enforcement of competition law. At the national level, the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato – “ICA”) has put in place several initiatives to support undertakings and protect consumers during the current emergency.   2...

Impact of COVID-19 on Holding the General Shareholders Meetings New Temporary Measures, for Non-Listed Companies Only
Nestor Nestor Diculescu Kingston Petersen, May 2020

The long-awaited government enactment on the holding of the general meeting of shareholders in the context of COVID-19 outbreak was finally passed in the form of the Government Emergency Ordinance No. 62/2020 that entered into force on May 8 (Ordinance 62)...

Is the Future of the European Green Deal Threatened by the COVID-19 Pandemic? Focus on the National Energy Sector
Nestor Nestor Diculescu Kingston Petersen, May 2020

In their attempt to reduce the spread of the new coronavirus pandemic of COVID-19 caused by the SARS-CoV-2 virus, governments throughout the European Union have imposed unparalleled measures with a strong impact on travel and economic activity. As the rate of new coronavirus infections started dropping across the European Union, governments and EU officials are looking for lockdown exit strategies and methods for boosting the currently stagnant economy...

New Fee from Media Streaming Giants: Support for Polish Cinema or a Hidden Digital Tax?
Wardynski & Partners, May 2020

On 28 April 2020 a government bill including the proposed “Anti-Crisis Shield 3.0” was filed with the parliament. One of the proposals is to amend the Film Act to require providers of on-demand audiovisual media services to make quarterly payments to the Polish Film Institute equal to 1.5% of their revenue from fees for delivering content or for transmission of commercial messages, whichever figure is higher in agiven payment period...

Protection of Investments during the Pandemic
Wardynski & Partners, May 2020

The COVID-19 pandemic is paralysing the global economy, but it is not the virus itself preventing businesses from operating. States seeking to protect their citizens against danger are introducing unprecedented limitations on civil rights and freedoms, rendering operations in some sectors of the economy impossible. In other sectors, business has become more burdensome, costly or risky...

Getting Ready for Dawn Raids
Wardynski & Partners, May 2020

It is September 2020—hopefully a post-pandemic world. Your company has successfully weathered the storms of crisis, and social and economic life is slowly recovering its previous pace. Most people work at the office again, and you are on your way there. Before arriving at 9 am, you usually stop by the corner coffee place to have a morning espresso and browse the daily news. But at 8:15 am you get a call from the office...

Will the Right to Privacy be an Indirect Victim of COVID-19?
Wardynski & Partners, May 2020

The law is one of the main instruments of social impact, which is particularly evident in the midst of aglobal health crisis, when the situation and applicable regulations are changing every day. New statutes and regulations are key to maintaining the delicate balance between order and chaos, public and private interests, and the common good and individual rights...

EU Constitutional Order Forged before our Very Eyes
Wardynski & Partners, May 2020

On 5 May 2020 the German Federal Constitutional Court (Bundesverfassungsgericht or BVerfG) issued amuch-noted ruling in a case involving the Public Sector Asset Purchase Programme of the European Central Bank. The judgment has caused agreat stir, as the BVerfG expressly refused to comply with aruling by the Court of Justice of the European Union...

This Pandemic will not Reverse Globalisation, but it will Threaten the Transnational Rule of Law
Wardynski & Partners, May 2020

It is acommon concern among commentators on international relations that the COVID-19 pandemic will lead to deglobalisation. Indeed, the havoc wrought by the pandemic in the global economy raises some unsettling questions about the fragility of global supply chains, especially in critical industries, and about the interdependency of national economies. It is nudging sentiment towards reshoring, promoting domestic production and protectionism...

Witness Testimony in Times of Pandemic
Wardynski & Partners, May 2020

In March, the European Commission recommended that member states introduce temporary restrictions on travel to the European Union (through 15 May 2020). The vast majority of European countries coordinate border control measures at the EU level. States are again fencing their territories, suspending the free movement of persons also between regions...

Powerful Business Response to Global Health Challenge
Nestor Nestor Diculescu Kingston Petersen, May 2020

Humanity needs from each of us unprecedented contributions to support and enhance healthcare systems’ response to the coronavirus threat. Money, good citizenship values, personal time, individual limitations and privations and brain waves, in any proportion, never amount for too much. Equally urgently needed is to contain irreversible disruptions in businesses and, thus, to protect communities and employees from shortages in food, health and education resources...

 

 

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