Consumer Products - fashion & luxury

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Recent Articles

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    13/02/2024
    Hungary

    Hungary makes changes to labour law, occupational health and safety at work

    Hungary has initiated a series of legislative amendments to laws governing labour, occupation health and safety at work, some of which already entered into force on 1 January 2024. Specifically, Hungarian lawmakers passed amendments to Act I of 2012 on the Labour Code, Act IV of 1991 on the Facilitation of Employment and Unemployment Benefits, and Act XCIII of 1993 on Occupational Safety and Health and certain OSH decrees.The following article outlines the changes to labour law in Hungary brought on by these amendments.1. Amendments to Act I of 2012 on the Labour Code and Act IV of 1991 on the...
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  •  
    09/02/2024
    Ukraine

    Ukraine launches State Register of Sanctions

    On 29 January 2024, the President of Ukraine by the Decree No. 36/2024, approved the Decision of the National Security and Defence Council of Ukraine “On Approval of the Regulation on the State Register of Sanctions”. On 1 February 2024, the National Security and Defence Council of Ukraine launched the State Register of Sanctions on its website. The Register provides free public access to up-to-date and reliable information on persons and entities subject to Ukrainian sanctions.The Register is available in Ukrainian and English, and consolidates information regarding Ukrainian sanctions...
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  •  
    07/02/2024
    South Africa

    New Draft Regulations on the Proposed Numerical Sectoral Targets

    On 1 February 2024, a second round of draft regulations on the Proposed Numerical Sectoral Targets ("February 2024 Regulations") were published for public comment in the Government Gazette. The February 2024 Regulations are currently open for comment for 90 days from the date of publication (ending on 2 May 2024).Under these regulations, the Minister of Employment and Labour ("Minister") can classify different national economic sector targets that will define which companies, that operate in South Africa, will be deemed "designated employers". The classification of a designated employer will be...
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  •  
    17/01/2024
    Hungary

    Hungarian Competition Authority launches study on impact of AI on competition and consumers

    On the eve of the European Commission’s calls for contributions on competition in virtual words and generative AI, the Hungarian Competition Authority (HCA) announced that it is launching a market analysis to study the impact of AI on competition and consumers.The HCA’s decision to launch an AI market analysis comes as Artificial intelligence (AI) grows in importance among regulators and legislators both in Hungary and in the EU, particularly in 2024 after the political agreement on the AI Act and the Hungarian financial regulator’s thematic study on the risks of AI and machine...
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  •  
    04/01/2024
    Hungary

    CMS Competition Law and Sustainable Development Series Part 4: Sustainability and Mergers

    The concept of sustainability as it relates to mergersIn Part 1, we discussed that the concept of sustainability varies depending on its context. As addressed in the previous articles of this series (Article 1, Article 2, Article 3), the environmental aspects of sustainability tend to be prevalent in the field of competition law. Nevertheless, it is becoming increasingly apparent that when it comes to merger clearance procedures, competition agencies are more and more likely to address and consider sustainability considerations with broader social objectives.How does sustainability play a role...
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  •  
    20/11/2023
    Hungary

    Final draft of ESG Law transposing the EU’s CSR Directive submitted to Hungarian parliament

    On 14 November 2023, the Minister for Economic Development submitted to parliament the final draft "Law on the Rules of Environmentally Conscious and Societally and Socially Responsive Corporate Social Responsibility Reporting Promoting Sustainable Finance and Unified Corporate Responsibility" (ESG Law).The ESG Law transposes the Corporate Sustainability Reporting Directive 2022/2464 (CSRD) into national law, establishes a national Environmental, Social and Governance (ESG) framework to comply with EU obligations, and includes provisions of the proposed Corporate Sustainability Due Diligence Directive...
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