When does GDPR Apply to a Non-EU Entity? EDPB Provides Guidance

Zorana Brujic of BDK Advokati discusses the guidance provided by EDPB on GDPR’s application on non-EU entity. European Data Protection Board (“EDPB”) published on 16 November 2018 the long-awaited Guidelines 3/2018 on the territorial scope of the General Data Protection Regulation (“GDPR”). As those with even a cursory interest in the matter knew, a company not established in the EU can still be within the reach of GDPR’s strict rules. But exactly when that is the case was not entirely clear from GDPR’s provisions and recitals. With these guidelines EDPB aims to clarify the criteria…

KDK’s Energy Team Contributes to The Energy Regulation and Markets Review: Turkey

As it did in 2015 and 2016, Turkey continues to take concrete steps to meet energy demands and to keep increasing the figures until 2023. In addition to relevant targets for electricity and natural gas, Turkey is also planning to enact a separate coal law, considering the specific needs of operating coal mines and the use of coal to meet energy demands. This shows that, while focusing on renewable energy investments, Turkey will continue to use coal as an energy resource in its energy strategies. All in all, Turkey aims to stop being an energy importer and start exporting energy in the coming years.…

NNDKP’s General Considerations on Administrative Disputes

NNDKP's Partner Radu Damaschin on adminstrative disputes: Administrative contracts have a special place in the legal circuit due to both their object – the management of state assets and public services – and the special regime by which they are governed. This is the reason why, in this field, the lawmaker focused consistently on creating remedies intended to ensure a balance between the protection of the public interest, the swift resolution of the legal uncertainties and the equitable treatment and just compensation of the contracting parties. However, disputes arising out of these types…

New Mechanisms Introduced in the Field of Insolvency Proceedings in Romania

NNDKP Partner Marius Ezer discusses new mechanisms in the field of insolvency proceedings in Romania: On 2 October 2018, the Official Gazette of Romania published GEO 88/2018 for the modification and supplementation of certain normative acts in the field of insolvency and of other normative acts, which instates significant changes related to the current conditions in which companies subject to the insolvency proceedings may access a part of the protection mechanisms provided by the law. These changes were adopted by the Romanian Government in the context in which, only during the first seven…

Recent Amendments to Exemptions of Ban on Foreign Currency Transactions

In its latest client alert newsletter, KDK Discusses the Recent Amendments to Exemptions of Ban on Foreign Currency Transactions in Turkey: Article 4 of the Decree No. 32 on the Protection of the Value of Turkish Currency (the "Decree") was amended on 13 September 2018 (the "Effective Date"), to the effect that any contractual fees, prices and other payment obligations under; (i) real estate and movable property sale and purchase contracts, (ii) all types of movable property and real estate lease contracts, including those under vehicle lease and financial lease contracts, (iii) employment and…

Polenak Law Firm Contributed to the Macedonian Chapter on Merger Control Review

Tatjana Popovski-Buloski, Partner at Polenak Law Firm authored the Macedonian Chapter on Merger Control Review, 9th edition, published in August 2018 by Law Business Research. The chapter is available for download at the following link. Accreditation: The chapter has been reproduced with permission from Law Business Research Ltd. where the article was first published in August 2018. 

NNDKP's November Edition of the Employment Newsletter

The Government Emergency Ordinance no. 96/9.11.2018 regarding the prorogation of terms, as well as for the amendment and completion of some normative acts was published within the Official Gazette no. 963/14.11.2018. The mentioned normative act brings amendments, inter alia, to Law no. 53/2003 – Labor Code, as follows: The alignment with the recent decisions of the Constitutional Court, in the sense that the female employee is able to opt in writing, within 60 calendar days prior to the fulfillment of the standard age conditions and minimum contributory period…

Mandatory Licensing for all Construction and Designing Companies in Serbia

Milan Dakic, Real estate and Construction Partner of BDK Advokati, introduces the latest amendments of the Planning and Construction Act in relation to the licenses required for various types of design or construction works: The latest amendments of the Planning and Construction Act,[1] effective as of 6 November 2018, introduce the requirement for all construction and designing companies (including solo entrepreneurships) to obtain licenses for various types of design/construction works until 6 November 2019. The licensing requirement that now applies across the board previously applied to…

Second Call by RAE for RES Tenders

Kyriakides Georgopoulos Law Firm discuss the Second Call by RAE for RES Tenders in their latest Energy newsletter. Three months after the conduct of the first round of the RES Tenders, RAE, by virtue of its draft for the Second Call for Tenders, proposed the terms and conditions for three Competitive Procedures for the submission of proposals by renewable power stations. To read the energy newsletter, please click here.

Capital Controls: A New Era in Greece

Kyriakides Georgopoulos Law Firm provides an overview on the new decision by the Ministry of Finance lifting certain key restrictions forming part of the Capital Control Measures introduced in June 2015. To find out the changes applying to companies and other businesses, please download the firm's Banking, Finance and Capital Markets newsletter.

NNDKP Issued its October Edition of the Tax Newsletter

In its October edition of the Tax Newsletter, NNDKP introduces the latest tax amendments in Romania:      GEO no. 89/2018 regarding certain fiscal and budgetary measures and for the amendment and completion of certain normative acts was published in Official Gazette 854/2018. TAX ON PROFITS Certain provisions are introduced in relation to the fiscal treatment applicable to the specific operations performed as a result of the application of IFRS 9 “Financial Instruments”. INCOME TAX The provisions related to the bonus granted for the prepayment of tax obligations and submitting…