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  12/09/2024

  Rumänien

  Romania fights “shrink­fla­ti­on” by requiring traders to inform consumers of reduced product weight/volume

  The Romanian Consumer Protection Authority (ANPC) issued Order 539/2024 on the information of consumers regarding the trading of pre-packed products whose volume or weight has decreased (Order 539), officially published in the Official Gazette on 10 September 2024.Order 539, which will come into force on 10 October 2024, is a response to shrinkflation, the practice, now under scrutiny, of reducing product quantities while prices remain the same.This order requires traders selling products for consumption on the shelves of sales premises to fully, correctly and accurately inform consumers about...

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  11/09/2024

  Rumänien

  Romania enacts CfD support scheme with first auction launched

  As part of its EU commitment to promote decarbonisation and the development of low-carbon energy sources with a focus on renewable energy, Romania passed a legislative package containing a two-way Contracts for Difference (CfD) support mechanism, leading to the announcement of the first auction for solar and onshore wind technologies.The Romanian CfD framework is made up of a legislative suite. The key legal provisions of the CfD framework are detailed below:Government Decision 318/2024 (GD 318/2024) on the approval of the general framework for the implementation and operation of the Contracts...

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  10/09/2024

  Ukraine

  Ukraine adopts regulation on collection and use of human cells and biospecimens for R&D

  On 30 August 2024, Ukraine introduced its first comprehensive regulation governing the collection, storage, and use of human biospecimens for research and development purposes. The regulation, approved under Cabinet of Ministers’ Resolution No. 999, outlines the legal and ethical framework for biobanking activities involving biomedical research, while safeguarding donor rights and data privacy. The regulation is a significant development in supporting Ukraine’s advancement in health sciences and biotechnology.Key Provisions The key provisions of the regulation include the following:Scope:The...

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  10/09/2024

  APAC region

  No room for ignorance: Singapore High Court clarifies directors’ duties

  Inter-Pacific Petroleum Pte Ltd (in liquidation) v Goh Jin Hian [2024] SGHC 178 In what could be seen as a wake-up call, the High Court of Singapore clarified the scope of director’s duties in Singapore, emphasizing the minimum standard of care required.BackgroundInter-Pacific Petroleum Pte Ltd (“IPP”), a petrochemical and ship bunkering company, was placed under judicial management in September 2019, and later liquidated in March 2021. IPP had borrowed over US$150 million to fund its cargo trading and bunkering transactions. These sums were never repaid to the banks. IPP’s...

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  09/09/2024

  United Kingdom

  UK Tax Disputes Digest (Summer 2024)

  Welcome to the Summer 2024 edition of our UK Tax Disputes Digest: a high-level summary of key developments in contentious tax over the last few months for heads of tax, finance directors, general counsel and other in-house professionals.As with previous editions, we have seen a continued increase in HMRC activity across various areas. Both individual and corporate taxpayers would be well-advised to check their tax position as soon as possible to prepare for any potential HMRC investigation into their tax affairs.In this edition, we look at just a few of these developments, including the latest...

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  06/09/2024

  Tschechien

  Simplified Enforcement of Monetary Claims in the Czech Republic

  GB CZ

  As of 1 July 2024, there has been a small but significant change in the area of expedited civil judicial procedure in the Czech Republic. Act No. 99/1963 Coll., the Civil Procedure Code, as amended (“ Civil Procedure Code”), has been amended by Act No. 180/2024 Coll., which now allows for substitute delivery of payment orders (including electronic payment orders) when these are served to a data box, an option that was previously excluded.Advantages of Payment OrdersSpeed and Efficiency: Expedited proceedings accelerate the judicial procedure. When issuing a payment order,...

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