Real Estate & Construction

Recent Articles

•  

  02.06.2023

  Ukraine

  Ukraine es­tab­lishes Re­build­ing Agency, plans pi­lot pro­jects for re­build­ing and de­vel­ops e-sys­tem for their man­age­ment

  Rebuilding AgencyOn 17 January 2023, the Cabinet of Ministers of Ukraine (CMU) enacted resolution No. 29 “On Some Issues of Optimisation of the System of Central Executive Authorities”. This resolution established the State Agency for Reconstruction and Infrastructure Development of Ukraine (i.e. the “Rebuilding Agency”), which replaces the State Road Agency of Ukraine and the State Agency for Infrastructure Projects. Furthermore, CMU resolution No. 193 dated 21 February 2023 approved regulation outlining the following powers and responsibilities of the Rebuilding Agency:management...

  Read more
•  

  31.05.2023

  Hungary

  Hun­gary in­tro­duces new Whis­tleblower Pro­tec­tion Act

  On 25 May 2023, Hungary adopted Act XXV of 2023 on complaints, disclosures in public interest, and related rules on reporting abuses, which is commonly known as the Whistleblower Protection Act and transposes the EU’s 2019/1937 Whistleblower Directive. Organisations in Hungary have 60 days (i.e. until 24 July 2023) to establish or review their whistleblower systems to comply with the Whistleblower Protection Act.Which organisations are required to establish internal reporting channels?The Whistleblower Protection Act obligates organisations to establish internal reporting channels in two...

  Read more
•  

  24.05.2023

  Ukraine

  Coun­cil of Europe Sum­mit es­tab­lishes re­gister of war dam­age for Ukraine

  On 17 May 2023, 41 nations joined the Enlarged Partial Agreement on the Register of Damage Caused by the Aggression of the Russian Federation Against Ukraine (adopted under the Resolution of the Committee of Ministers CM/Res(2023)3). This is part of the effort to implement Resolution of the United Nations General Assembly A/RES/ES-11/5, acknowledging the need for the establishment of an international reparation mechanism and Russian Federation's legal responsibility for internationally wrongful acts committed in Ukraine. The Resolution of the Committee of Ministers represents an essential...

  Read more
•  

  23.05.2023

  Hungary

  Hun­gary launches new re­gistry and re­gis­tra­tion pro­ced­ures for com­pan­ies as of 1 Ju­ly 2023

  A new bill has been recently proposed to the Hungarian parliament, which aims to amend various acts that, among others, include a proposal to postpone the entry into force of Act XCII of 2021 on the Registry and Registration Procedure of Legal Persons from the originally planned date of 1 July 2023 to 1 January 2026. According to the bill's explanatory memorandum, entry into force of the Act is to be postponed to provide more time for legal practitioners to prepare for the systematic reforms the Act intends to introduce. The proposal has not yet been adopted by the Hungarian parliament.Hungary...

  Read more
•  

  12.05.2023

  Europe

  Con­sulta­tion on the EU’s in­ter­im emis­sions re­duc­tion tar­get for 2040

  Until 24 June 2023 the European Commission is consulting to gather views on the EU’s climate target for 2040.Since the Communication of the European Green Deal in late 2019, there have been a raft of significant new legal and policy measures and the re-evaluation of all existing law through the lens of achieving climate neutrality by 2050. At the heart of the European Green Deal is the European Climate Law, which establishes the framework for achieving climate neutrality by 2050 and a binding intermediate emissions reductions target of at least 55% (compared to 1990 levels) by 2030. However,...

  Read more
•  

  11.05.2023

  Europe

  At last: in­valid­ity and re­voc­a­tion ac­tions now avail­able be­fore TM of­fices in Italy, Ro­mania and Spain

  One of the most significant innovations introduced by the EU Trade Mark Directive 2015/2436 (the so-called trade mark reform package) was the requirement for all EU countries to implement – where not already in place - administrative procedures for both revocation and declaration of invalidity of trade mark registrations. These administrative procedures would either replace or supplement the court proceedings required to revoke or invalidate a trade mark registration. As trade mark owners will be aware, judicial actions before national courts (typically) last longer and are more expensive...

  Read more