At the beginning of each year Bulgarian Competition Protection Commission announces (the “CPC”) its priorities. The priorities for 2025 do not differ very much from those set in the previous years and show consistency.
The Year 2024 in Competition and What to Expect in 2025
In terms of competition, the year 2024 was marked by 2 important milestones – the first part of the year, until the appointment of the new Plenum of the Competition Council, during which the authority focused on finalizing some internal issues (rulings and other procedural matters), and the second part of the year, when the new Plenum of the Competition Council started its activity, showing the first signs of the strategy for the next two and a half years.
Green Guarantees in Poland
The Export Credit Insurance Corporation (Korporacja Ubezpieczeń Kredytów Eksportowych; "KUKE") is the only export credit agency in Poland providing export insurance for trade security in high-risk markets guaranteed by the Polish State Treasury, regulated by the Polish Act of 7 July 1994 on Insurance Guaranteed by the State Treasury.
Captive Insurance and its Prospects in Hungary
Captive insurance has experienced significant growth globally in recent years, driven by hard market conditions, emerging risks and increased volatility. Statistics reveal a steady increase in the number of captives over the past four years, rising from 5,879 in 2020 to 6,181 by the end of 2023, according to the Captive Managers and Domiciles Rankings + Directory 2024 published by Business Insurance.[1] Captive insurance companies are also increasingly used by Forbes 1000 and Fortune 500 companies to manage complex and emerging risks.
Telematic Interactive’s Employee Empowerment Strategy
As the first publicly listed Bulgarian company in the gaming industry, Telematic Interactive Bulgaria has set its sights on aligning employee engagement with corporate growth through an ambitious Employee Stock Ownership Plan (ESOP). Being part of the team that advised Telematic on this project, in this article, I’ll provide a detailed look at the motivations behind this decision, the structure of the ESOP, and the intricate legal challenges faced during its implementation.
Legal Profession Modernized: Key Amendment Approved
Today, the Chamber of Deputies approved in the third reading an amendment to the Legal Profession Act. The amendment brings a number of significant changes to the practice of the legal profession in the Czech Republic.
Remote Work – A Legal and Practical Analysis for Romania in 2025
Remote work has transformed from an emergency measure during the pandemic into a mainstream practice, with profound implications for Romania's employment landscape. However, the legal and practical challenges associated with remote work continue to evolve, requiring employers to stay agile and informed.
(Re)Shaping Belgrade
Belgrade’s history is a testament to its resilience and adaptability. Over centuries, the city has been a crossroads of civilizations, with each era bringing new rulers, new ideas, and new architectural styles.
Updates on Eligible Countries for Guest Workers in Hungary
Hungary introduced new regulations for employing guest workers from third countries. These updates specify eligible countries and permit requirements to align with Hungary’s labour market needs and compliance standards.
Significant Changes to Court Fees and Attorneys' Fees in Court Proceedings
The Hungarian Act on Fees and Duties will be changed significantly as of 28 January 2025, which will also affect the fees for court proceedings.
Ukraine: Further ACCA Implementation: New Ukrainian Standards on Market Surveillance and e-Commerce
The Agreement on Conformity Assessment and Acceptance of Industrial Products ("ACAA") is an intermediary step for Ukraine to benefit from the mutual recognition of product quality between the EU and Ukraine until our country becomes a full EU Member State.
Austria: New Supreme Court Ruling on Operating Costs and Indexation Clauses
On 17 December 2024, in a lawsuit brought by a tenant against his landlord for repayment of operating costs and rent increases based on indexation, the Supreme Court ruled (10 Ob 54/24z) that the landlord was obliged to repay the operating costs, but confirmed the validity of the value retention clause and provided some clarification on points that had previously been controversial.
AI-Generated Content: Copyright Implications
As artificial intelligence (“AI”) technology develops, its capacity to create original works in a wide variety of fields such as literature, music, mass – media, complex art, and even software has become more apparent. This remarkable ability raises significant questions on whether these works may be protected by copyright, and the broader implications for both creators and consumers.
New Mandatory Contractor's Professional Liability Insurance Rules from 2025
The legislator recently introduced a number of implementing regulations for the Architecture Act and more are expected in the near future. In this article, DLA Piper Hungary's lawyers outline the key details of the new, generally mandatory contractor's professional liability insurance, taking into account that contractors must have such insurance from 15 January 2025.
Mandatory Liability Insurance for Construction Contractors Effective 15 January 2025
Based on the contents of the government decree on construction works in effect since 1 October 2024, all domestic construction or design firms and self-employed persons must have compulsory contractors' liability insurance starting from 15 January 2025.
Impact of OFAC Sanctions on NIS AD Novi Sad and Options for their Removal
On 10 January 2025, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of Treasury’s issued a Determination pursuant to Section 1(a)(i) of Executive Order 14024 (“the EO 14024 Determination”) and a Determination pursuant to Section 1(a)(ii) of Executive Order 14071 (“the EO 14071 Determination”).
Good News for Startups and Investors: The IP Contribution is Tax-Free
On 1 January 2025, inter alia, an amendment to the Personal Income Tax Act relating to intellectual property (IP) contribution entered into force.
Montenegro: New Legal Framework in the Field of Construction and Spacial Planning
At the session held on December 19, 2024, the Government of Montenegro adopted the Bill of Law on Construction of Buildings and the Bill of Law on Spatial Planning. It was proposed that these laws should be adopted through an expedited procedure.