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  •  
    30/05/2024
    Ukraine

    Military transactions to be exempt from merger control during state of war in Ukraine

    On 16 May 2024, the Law of Ukraine “On Amendments to the Customs Code of Ukraine and other Laws of Ukraine regarding the Peculiarities of Customs Control and Customs Clearance of Certain Categories of Goods” came into force after being passed by parliament on 20 March 2024.In addition to introducing amendments to the Customs Code of Ukraine on customs control and customs clearance of biomethane transported by pipeline, the law amends the Law of Ukraine "On Protection of Economic Competition", which provides merger control exemption for transactions taking place outside Ukraine to develop...
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  •  
    22/05/2024
    Italy

    Digital nomad tax insights

    The new visa for digital nomads might become a particularly interesting option for workers who may benefit from the so called “impatriate” tax regime following their relocation to Italy. The Decree of February 29, 2024, in force since April 5th, has established the entry and residence permit issuance procedures for "digital nomads" and "remote workers".The provisions apply to non-EU citizens who perform highly skilled work using technological tools that allow remote work; more specifically this definition refers to self-employed foreign workers (digital nomads) or foreign employees...
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  •  
    16/05/2024
    Ukraine

    Ukraine changes rules for the military draft

    The Ukrainian parliament has adopted a number of laws changing the procedure, criteria and liability for non-compliance with the rules of the military draft in Ukraine. This new legislation includes the following: Law #3127-IX on Introducing Changes in the Law of Ukraine “On Military Obligation and Military Service” (Law 3127);Law #3621-IX on Introducing Changes in several Laws of Ukraine regarding Ensuring Rights of the Servicemen and Policemen for Social Protection (Law 3621);Law #3633-IX on Introducing Changes in several Legislative acts of Ukraine regarding Particular Issues...
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  •  
    14/05/2024
    Hongrie

    EU introduces criminal offences and penalties for sanctions violations

    Criminal offencesUnder the Directive, the following conduct constitutes a criminal offence when committed intentionally and in violation of restrictive measures or a national provision implementing restrictive measures:making funds or economic resources available directly or indirectly to, or for the benefit of, a designated person, entity or body;failing to freeze funds or economic resources belonging to or owned, held or controlled by a designated person, entity or body;enabling designated natural persons to enter into, or transit through, the territory of a EU member state;entering into or continuing...
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  •  
    14/05/2024
    Ukraine

    Ukraine improves corporate governance in SOEs

    On 8 March 2024, the long-awaited law on improvement of corporate governance in state-owned enterprises (SOEs) (Law) came into force. The Law was developed as part of a general state sector reform with due consideration of international best practices, including the OECD Guidelines for Corporate Governance of SOEs. Its objective is to reduce political pressure on SOEs’ management, mitigate corruption risks and enhance the effectiveness of state companies’ management.The major changes introduced by the Law in relation to SOEs include the following:State ownership policy. A new concept...
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  •  
    13/05/2024
    Hongrie

    UK's Accession to the 2019 Hague Convention to ensure enforcement of UK court judgments

    In January 2024, the UK acceded to the 2019 Hague Convention, which unequivocally permits the enforcement of UK court judgments, regardless of whether a jurisdiction clause is exclusive/symmetrical.The UK’s accession to the 2019 Hague Convention brings clarity and certainty regarding certain types of jurisdiction clauses and the enforcement of UK court judgments in other countries in the aftermath of the UK’s departure from the EU in 2020.As a reminder, prior to BREXIT on 31 December 2020, the UK through its EU membership was party to the Lugano Convention, which facilitated the enforcement...
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