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Aktuelle eAlerts

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  28/08/2024

  Ukraine

  Ukraine launches large-scale privatisation

  The State Property Fund of Ukraine (SPFU) has unveiled the Large Privatisation-2024 project, an ambitious initiative to attract strategic investors and stimulate economic growth through the privatisation of state-owned assets.Following the success of small-scale privatisation efforts, this initiative is a key element of Ukraine’s broader economic reform strategy. It aims to enhance transparency, improve efficiency, and drive foreign investment into the country. The key highlights of the privatisation effort are as follows:Top assets for privatisation. The programme has identified several...

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  06/08/2024

  Ungarn

  EU Commission finetunes the Foreign Subsidies Regulation: insights into the latest Guidance

  On 26 July 2024, the European Commission released a staff working document that clarifies the Commission’s substantive test under the Foreign Subsidies Regulation (FSR). This document serves as a valuable supplementary resource to FSR case-law and provides insight into how the Commission will conduct FSR assessments. Although this document is not binding, it may also prove highly beneficial for companies in evaluating and managing FSR risks.What are FSR procedures?The preamble to the FSR states that existing EU instruments do not address distortions caused by foreign aid, prompting the Commission...

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  26/07/2024

  Italien

  Ruling no. 148/2024: tax exemption for dividends and capital gains realized by foreign funds - requirements

  The Italian Tax Authority (“ITA”), with the ruling no. 148/2024 published on July 11, 2024, confirms the application of the exemption regime - introduced by Article 1, paragraph 633, Law No. 178/2020 ("Budget Law 2021") - for Italian source dividends as well as capital gains deriving from the disposal of qualified participations realized by foreign investment funds, as better defined below.First of all, it should be recalled that the aforementioned Budget Law 2021 introduced the exemption regime for Italian-source income, consisting of dividends and capital gains (or capital losses)...

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  22/07/2024

  Ungarn

  Hungary issues country lists for employment of third-country nationals

  Hungary’s government recently issued Government Decree No. 179/2024 (VII. 8.) defining the list of countries of third-country nationals who may be employed in Hungary with the National Card, and also issued Government Decree No. 180/2024 (VII. 8.) defining the country list of third-country nationals who may be employed with a residence permit for foreign workers. These Government decrees entered into force on 9 July 2024.Pursuant to Section 283(12) and (13) of Act XC of 2023 on the General Rules for the Entry and Residence of Third-Country Nationals, the Hungarian government must determine...

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  01/07/2024

  International

  EU anti-dumping investigation of Chinese, Korean, Taiwanese, and Thai epoxy resin imports

  On 1 July 2024, the EU opened an anti-dumping investigation concerning EU imports of epoxy resins originating in the People’s Republic of China, the Republic of Korea, Taiwan and Thailand which could lead to substantial anti-dumping duties on future imports.The product under investigation for alleged dumping is products containing more than 35% by weight of epoxy resins.These are also known as "epoxide resins" or "polyepoxides" which are polymers or prepolymers containing reactive epoxy groups,based on epichlorohydrin (‘ECH’) and an aliphatic or aromatic alcoholic component...

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  01/07/2024

  United Kingdom

  Countdown to UKCA compliance: changes in construction product marking

  It is time to prepare for changes in construction products, as there is only one year remaining until CE marking (which stands for Conformité Européenne) will no longer be recognised as the compliance mark for installations in Great Britain, and instead the UKCA marking (which stands for UK Conformity Assessment) will be needed. Construction product manufacturers, designers, importers and distributors that are supplying goods with the CE mark, should take steps to convert to the UKCA mark without delay, and as the compliance mark cannot be relied upon until the applicable standards...

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