Zeljko Vlacic has been promoted to Partner at Sajic law firm.

White & Case has completed a new round of firm-wide promotions, appointing 28 Local Partners and 40 Counsels. Among these were new Local Partners Jakub Gubanski, Aleksandra Oziemska, Bartosz Smardzewski, and Pawel Zagorski in Warsaw, Gokce Uluc in Istanbul, and Marianna Galusova in Prague.

Triniti has appointed Klen Laus as a Partner with the firm’s Estonian practice.

Hungary has introduced a UBO register in line with the EU’s 4th Anti-Money Laundering Directive by way of Act XLIII of 2021 on the Establishment and Operation of the Data Reporting Background for the Identification Tasks of Financial and Other Service Providers (“Act”). Certain provisions of the Act will come into force at a later date.

The finalized version of the Ukrainian ISDA Master Agreement (“Ukrainian ISDA“) was officially published by the Independent Association of the Banks of Ukraine.

On 2 November 2021 the Austrian Financial Market Authority (FMA) published its long-awaited amended Online Identification Regulation (Online-Identifikationsverordnung, "Online-IDV"). The FMA herewith enables financial service providers subject to the KYC obligations of the Financial Market Anti-Money Laundering Law (Finanzmarkt-Geldwäschegesetz; "FM-GwG") to use purely biometrical processes for remote identification of new customers. Biometrical identification processes are all procedures for online customer identification where the entire or parts of the online identification are carried out by an automated electronic procedure without the involvement of employees – there is no need for personal contact in the whole remote identification process anymore.