Tax

Amendment to the Czech Republic’s Act on Significant Market Power and its Impact on Business Practices

On 1 January 2023, an amendment to the Act on Significant Market Power in the Sale of Agricultural and Food Products and Its Abuse (the “Act”) comes into effect. The amendment significantly expands the Act’s scope both in terms of who is affected as well as the obligations it imposes.

Hungary: Recent Changes Affecting Day-to-Day Legal Activities

A number of changes have been recently introduced and will be introduced in the near future in Hungary that fundamentally affect both the most commonly applied legislation, as well as the day-to-day work of lawyers. Below is an overview of the important points of these developments.

Romania: Tech Layoffs - Isolated Incident or New HR Trend

Lately, the tech industry seems to have taken a major hit, with more and more companies deciding to lay off hundreds or even thousands of employees and/or implementing a hiring freeze until next year. When we see FAANG (Facebook, Amazon, Apple, Netflix, Alphabet) announcing such massive layoffs, there is no point asking whether this will affect the entire tech industry. However, the question remains whether this will trigger a domino effect in the market, or even if it is the start of a new HR layoff trend and how companies should approach this situation.

Amendments to the Regulations in the Field of Electronic Invoicing And Fiscalisation

Amendments to the Law on Electronic Invoicing (Off. Gazette of RS no. 44/2021 and 129/2021), the Law on Fiscalisation (Off. Gazette of RS no. 153/2020, 96/2021 and 138/2022) and the Law on Deadlines for Settlement of Monetary Obligations in Commercial Transactions (Off. Gazette of RS no. 119/2012, 68/2015, 113/2017, 91/2019, 44/2021, 44/2021 – other law, 130/2021 and 129/2021 – other law) have been published in the Official Gazette of the Republic of Serbia no. 138/2022 of December 12, 2022.

Romania: New Regulations Regarding Social Dialogue

Law 367/ 2022 on social dialogue was published in the Official Gazette of Romania, Part I, no. 1238 of 22 December 2022 ("Law 367/ 2022").

Ukraine Introduces E-Residence as A Special Tax Regime for Foreign Entrepreneurs

On April 1, 2023, the Law which enables foreigners to become e-residents in Ukraine (hereinafter “e-residence / e-resident”), will enter into the force (the “Law”).

Kochanski & Partners Mints 13 New Equity Partners

Ten Partners at Kochanski & Partners have been elevated to Equity Partner status in 2022. These are: Pawel Cholewinski, Aleksandra Ryzkowska, Jacek Kozikowski, Andrzej Palys, Wojciech Wrochna, Agata Dziwisz-Moshe, Anna Gwiazda, Michal Konig, Pawel Mardas, and Mateusz Ostrowski.