In March 2021, the Bulgarian Supreme Court issued an interpretative decision in case 3/2018 (the "Decision") that sheds light on the legal effects of the deletion of a mortgage on the grounds that the 10-year validity period since its registration has expired.
The Taxonomy Regulation (EU) 2020/852 (Taxonomy Regulation) already entered into force in Summer 2020, but it was just now (21 April 2021) that the EU Commission approved the first delegated act based on the Taxonomy Regulation, which will enter into force on 1 January 2022. This delegated act contains technical screening criteria for two of the six environmental objectives of the Taxonomy Regulation, namely "climate change mitigation" and "climate change adaption".
In the wake of heavy criticism in recent years, Czech construction law, primarily comprising Construction Act No. 183/2006 Coll., as amended (the “Construction Act”), will (hopefully) have a completely new look from 2023.
Law no. 246/2020 on the use, preservation and protection of soil (“Law 246/2000”) entered into force on 1 January 2021.
With effect from 8 March 2021, the Hungarian government introduced strict coronavirus restrictions according to which all non-essential shops must remain closed and all services, with a few exceptions (e.g. private healthcare services), are suspended.
At the beginning of October 2020, it was announced that Emaar Properties, a property developer headquartered in Dubai, will launch a major investment project in Belarus called the Northern Shore.
The Bulgarian government recently introduced draft legislation on industrial parks (the “Draft”), which is currently being debated in Parliament. The objective of the proposed legislation is to boost the development of industrial parks and encourage investments in industry by introducing various incentives.