Extension of Registration Deadlines for Obligated Entities Under Law 5160/2024 (Transposition of NIS2 Directive)
January 2025
Irene Kyriakides, Partner, Victoria Mertikopoulou, Partner, Soulia Natalia, Senior Associate, Terpsithea Papanikolaou, Junior Associate, and Anna Maria Kamara, Junior Associate
Kyriakides Georgopoulos Law Firm
Introduction
The Ministry of Digital Governance and the National Cybersecurity Authority (NCSA) announced on 27 January 2025 an extension of the deadlines for entities falling within the scope of Law 5160/2024 (transposing the NIS2 Directive) to submit basic company information to the NCSA in accordance with Articles 4 par. 3 and 19 par. 1 of the said Law.
Registration Deadlines
1.…
The “Right of Free Movement” in the Light of EU Cross-border Transformation
January 2025
Hristian Gueorguiev, Senior Associate
BOYANOV & Co.
The Bulgarian Parliament has recently adopted an Act to amend and supplement the Bulgarian Commercial Act¹ implementing the requirements of Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions.
I. INTRODUCTION OF CROSS-BORDER DIVISIONS
1. General requirements
Prior to the adoption of the amendments, the Commercial Act provided for a possibility only for cross-border mergers under…
A Year in Review – The Activity of the National Environment Guard in 2024
January 2025
Madalina Vasile, Managing Associate (Head of Head of the Environment Practice), and Teodora Roman, Associate
Nestor Nestor Diculescu Kingston Petersen
On January 21, 2025, the National Environment Guard („NEG”) published a press release¹ on the institution’s activity report for 2024.
The press release of NEG included, among other things, a retrospective of its inspection and control activities, the key areas subject to verification, an analysis of trends compared to the previous year, as well as the outlook for 2025.
Statistics for inspection and control activities
In…
The EU Strategy for Cooperation in the Indo-Pacific Revisited: A Transformative Opportunity for Bulgarian Business Companies
January 2025
Ambassador Petar Andonov, Business Development Director(*)
BOYANOV & Co.
Introduction
The European Union’s Strategy for Cooperation in the Indo-Pacific, launched in October 2021, marked a significant shift in the EU’s foreign policy. It represented a comprehensive approach to engaging with the region of the Indo-Pacific, which is increasingly recognized as a global economic and strategic hub. Together, the Indo-Pacific and Europe hold over 70% of global trade in goods and services, as well as 60% of foreign direct investment (FDI) flows.
Assessment of Present-Day Position
Almost…
New Rules on Accessibility of Services for People with Disabilities
January 2025
Barbara Hocevar, Partner, and Lidija Zupancic, Attorney at Law
Selih & partnerji
The year 2025 brings an important development in the area of equal access to products and services for people with different forms of disability. Mid this year, on 28 June 2025, the Act on Accessibility of Products and Services for Persons with Disabilities transposing into Slovenian national legislation the European Accessibility Act¹ will enter into force.
The law sets out a number of conditions that companies must meet to ensure that products and services are accessible to people with disabilities.…
Overview of the Turkish Competition Authority’s Merger Control Enforcement in 2024
January 2025
The Competition Law team of our Turkish member firm, Kolcuoğlu Demirkan Koçaklı, has recently issued a Law Bulletin: “Overview of the Turkish Competition Authority’s Merger Control Enforcement in 2024”.
To access the document, please use the following link.
Technology M&A Guide 2025 - Bulgaria
January 2025
Our member firm BOYANOV & Co. has authored the chapter for Bulgaria in the newly published "Technology M&A 2025" guide by the leading global legal directory Chambers and Partners.
This comprehensive resource is designed for both businesses and legal professionals seeking insights into the evolving landscape of technology mergers and acquisitions.
You may access the chapter for Bulgaria here.
New European Anti-Money Laundering Regulation
December 2024
Konstantinos Vouterakos, Senior Partner, Apostolos Georgantas, Partner, Despina Korovesi, Associate, and Aikaterini Bitzanaki, Associate
Kyriakides Georgopoulos Law Firm
Introduction
Combating money laundering and terrorist financing is a top priority for the European Union. Recent revelations about money laundering networks and the growing threat of financing terrorist organizations have shown that the issue remains particularly relevant. As a result, the need for a coordinated and stringent approach at EU level appears more imperative than ever. In that context, on 31 May 2024,…
Romanian DPA Activity Report for 2023
December 2024
Our member firm, Nestor Nestor Diculescu Kingston Petersen, has recently issued the Romanian Data Protection Assessment Activity Report for 2023.
The firm's data protection specialists examined the report and prepared a summary in which they:
analyse five significant cases investigated by the Romanian DPA;
present the most frequent cases of complaints, notices, and notified data breaches;
compare the key numbers that reflect the DPA's activity in 2023 with those from the previous year.
The full publication is available here.
Adoption of Law 5164/2024 Transposing the CSRD into Greek Law
December 2024
Irene Kyriakides, Partner, Victoria Mertikopoulou, Partner, and Vassiliki Vlontzou, Associate
Kyriakides Georgopoulos Law Firm
On 12.12.2024, the Directive (EU) 2022/2464 as regards corporate sustainability reporting ("CSRD") has been transposed into Greek law with Law 5164/2024 (Government Gazette A 202/12.12.2024) ["Law 5164/2024"].
Covered Entities
Entities covered are:
All large companies as well as SMEs, except micro-undertakings, which are public interest companies;
Companies, which are parent companies of large groups;
Non-EU companies with a turnover of more…
Amendment to the Companies Act (ZGD-1M)
December 2024
Kaja Franko, Legal Intern
Selih & partnerji
The National Assembly of the Republic of Slovenia adopted an amendment to the Companies Act, ZGD-1M (Official Gazette of the Republic of Slovenia, no. 102/2024), which entered into force on 18 December 2024. The amendment introduces new provisions into the Slovenian legal order, in particular in the areas of reporting, transparency and gender balance, and transposes the following four European directives:
Country-by-Country Public Reporting Directive,
Corporate Sustainability Reporting Directive,
Directive on Gender Balance…
Mandatory Insurance Against Natural Disasters: Latest Amendments
December 2024
Konstantinos Issaias, Partner, Zaphirenia Theodoraki, Senior Associate, and Vasilianna Karakatsani, Associate
Kyriakides Georgopoulos Law Firm
On December 5th, 2024, Law 5162/2024 was published, introducing significant amendments to Law 5116/2024 concerning mandatory insurance against natural disasters.
The amendments are two-fold: On the one hand the scope of mandatory insurance against natural disasters is extended to include smaller-scale businesses, while, on the other hand, mandatory private insurance against natural disasters is introduced for the first time for private-use…