Consumer Products (all)

Recent Articles

•  

  12/09/2024

  Romania

  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...

  Read more
•  

  15/08/2024

  Türkiye

  Turkish parliament to vote on draft law to amend Consumer Protection Law and E-Commerce Law

  On 18 July 2024, a Draft Law aimed at amending the Consumer Protection Law and Certain Legislation was presented to the Turkish Grand National Assembly. This Draft Law proposes notable changes to Consumer Protection Law No.6502 and Law No. 6563 on Regulation of Electronic Commerce.I. Amendments to the Consumer Law(i) Consumer loan agreementsThe Draft Law stipulates that consumer loan agreements will be valid if concluded at a distance as an alternative to the traditional requirement that such agreements must be in writing to be valid. This provision aligns with Banking Law No. 5411, which regulates...

  Read more
•  

  06/08/2024

  Hungary

  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...

  Read more
•  

  26/07/2024

  Italy

  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)...

  Read more
•  

  25/07/2024

  Romania

  Romania enacts law restricting ads for electronic cigarettes and heated tobacco products

  On 22 July 2024, Romania enacted Law 232/2024, amending Advertising Law 148/2000 and Audiovisual Law 504/2002, which adds to the existing prohibition on advertising tobacco products by including the following: electronic cigarettes (including vape cigarettes), products for smokeless inhalation of tobacco substitutes, electronic devices for heating tobacco and products for smokeless inhalation of tobacco substitutes and pouches with nicotine for oral use.The new obligations take effect on 25 July 2024.The amendments impact manufacturers, distributors and retailers of electronic cigarettes, heated...

  Read more
•  

  22/07/2024

  Hungary

  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...

  Read more