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CEE newsletter December 2019

Keep up to date with the latest legal developments in Austria, Belarus, Bulgaria, the Czech Republic, Hungary and Romania with our CEE newsletter.

AUSTRIA

Living in a Debtor’s Paradise? The New EU Directive on Restructuring and Insolvency

On 20 June 2019, the European Union adopted a EU-wide legal framework on the restructuring and insolvency of companies. Partner Thomas Trettnak outlines the main objectives of the new Directive as well as the issues that need to be re-solved before its implementation.

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BELARUS

Changes in Copyright Law

On 15 July 2019, the Belarusian parliament adopted multiple amendments to Belarusian copyright law. Some have already come into force this year while oth-ers will not become effective until 2020. Sergei Makarchuk summarizes the recent amendments and their impact.

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BULGARIA

Amendments to the Anti-Money Laundering Act

Partner Boyko Gerginov discusses the recent adoption of amendments to the Anti-Money Laundering Act. Some of them aim to transpose the Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843) into Bulgarian law.

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CZECH REPUBLIC

Dawn Raid Threats in the Digital Era

David Kučera and Michal Horký explain how digitalisation has changed the way dawn raids are conducted by competition authorities. They mainly focus on the disadvantages for companies posed by digital environments.

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HUNGARY

New Amendment Prevents Contractors from Blocking Occupancy Permit

András Fenyőházi and Bence Rajkai present a new amendment to the Hungarian Civil Code regarding the handover of a site in a construction project. The previous rule allowed contractors to block occupancy permits from being obtained. As this was often abused, a new regulation was needed.

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ROMANIA

The Payment Services Directive in Romania

Mirela Nathanzon summarizes new Romanian Law No. 209/2019 based on the European Payment Services Directive (Directive (EU) 2015/2366). After it was transposed into Romanian leigslation in November 2019, the new law will come into force before the year is over.

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