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How tax residence is determined is one of the key tax issues that dictate in which country an individual’s worldwide income will be taxed. Primarily, tax residence is determined by domicile and center of economic and personal interests. Uncertainty arises when the decision cannot be made on the basis of residence alone and the economic and personal interests are not in the same country.

With CMS’s recently published European M&A Outlook report taking the temperature of the M&A activity across the continent, CMS Romania Managing Partner Horea Popescu and CMS Vienna Partner Alexander Rakosi share their insights on M&A trends in the CEE region.

For more than half a year, Slovenia has been intensively preparing amendments to the Employment Relationship Act (ZDR-1), which is usually called the “little workers’ constitution.” Like any other exemplary EU country, we transpose and implement all EU regulations and directives into our legal order in as timely and effective manner as possible. Unfortunately, this often does not solve the most acute problems of the labor market and the adopted legal solutions do not always help the economy to achieve higher productivity.

With the aftermath of the devastating floods that hit Slovenia this year still being felt across multiple sectors, the country is also facing legal challenges – from new taxation policies to upheavals in the healthcare system – according to Fatur Menard Partner Andrej Fatur.

In the wake of catastrophic floods, Slovenia has been grappling with several legal and economic challenges as well – from implementing healthcare reform to combating high inflation – according to Minu Anamaria Gvardjancic, a Partner of Ketler & Partners, member of Karanovic.

The initiation of the European Union’s Digital Markets Act (DMA) on May 2, 2023 marked a pivotal turning point in digital markets. Designed to counteract the monopoly-like tendencies of so-called “gatekeepers” – large online platforms wielding significant power – the DMA is revolutionizing the digital space. However, its implications extend beyond these giant companies, and it’s essential to examine the impact on smaller EU members like Slovenia.

The rising interest rates in Slovenia are reshaping the banking sector, while the renewables sector is looking at potentially clear skies and the M&A sector is experiencing vibrant SME activity on account of a generational change, according to Sibincic Krizanec Novak Partner Matic Novak.

To introduce a permanent foreign direct investment (FDI) screening mechanism, an amendment to the Investment Promotion Act (Amendment) is expected by the end of June 2023, and the new Prevention of Restriction of Competition Act now foresees a simplified merger review.

NKO Partners has advised the Belgrade-based PGM Live TV production and distribution company on its acquisition of the remaining 50% stake in VPK Balkan from Slovenian production company VPK PRO, thus gaining full ownership of the target. Sole practitioner Nenad Davidovic advised the seller.

The EU Directive on Work-life balance was implemented in the Slovenian national legislation on 01 April 2023, resulting in notable changes and obligations for employers. As for the EU Directive on Transparent and predictable working conditions, its provisions will be incorporated within the amendments to the Employment Relationship Act, which will anticipatedly be presented to the National Assembly for adoption in the upcoming autumn. What implications do these directives hold for businesses?