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  14.09.2023

  Ucrania

  Ukraine parliament moves forward with competition law reform

  On 9 August 2023, the Parliament of Ukraine adopted the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine on Improving the Activities of the Antimonopoly Committee of Ukraine”.This Law, a first step in competition law reform, brings Ukraine’s antimonopoly regulations closer to EU law following the nation’s obligations under its Association Agreement with the EU.The Law primarily focuses on:dawn-raids and broadens the scope of the Antimonopoly Committee of Ukraine (AMCU) powers;the AMCU’s independence;significant amendments to AMCU investigation procedures;introduction...

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  01.09.2023

  Hungría

  Summary on the employment of guest workers in Hungary

  On 1 November 2023, Act L of 2023 on the Employment of Guest Workers in Hungary will enter into force, introducing a new type of residence permit (i.e. the guest worker residence permit). The government and ministerial decrees for the detailed rules of the Act have not yet been published, but the following is a summary of what is known about the legislation.Who can apply for a guest worker residence permit?Citizens of countries that are not neighbours of Hungary and located outside the European Economic Area. (These countries will be listed in the relevant ministerial decree). The permit can be...

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  07.06.2023

  Suiza

  Competition law aspects of ESG initiatives in the life sciences & healthcare sector

  I. IntroductionGlobally and in the EU, the initiatives to promote ESG developments are increasing. However, companies are still required to comply with competition law regulations and need more clarity on the assessment of sustainability objectives in agreements.II. ESG developments and competition law issuesInternationally, UN Agenda 2030 set 17 Sustainable Development Goals to promote sustainability, peace and prosperity, and to protect the earth. Additionally, in December 2020, the OECD's Competition Committee found during its special hearing on sustainability and competition law in its 134th...

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  31.05.2023

  Hungría

  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...

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  23.05.2023

  Hungría

  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...

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  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,...

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